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Testimony before the U.S.-China Economic and Security Commission: China is no longer an economic pacing threat

F-22Raptor

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“The United States no longer faces a growth challenge from China. Beijing is no longer an economic pacing threat or likely to overtake the United States in any significant measure of economic power in the next two decades.”

Economic Analysts and the US government are finally becoming aware that Chinas economy is peaking and no longer a growth challenge.


 
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The US, Allies See Opportunity and Risk in China’s Slowing Economy​



In China’s current economic travails, US and other Group of Seven nations increasingly see evidence of deep-seated structural problems that ultimately will strengthen the West’s hand against a weakening geopolitical competitor.

The view emerging from officials in Washington, Rome, Tokyo and other capitals, who spoke with Bloomberg News mostly on condition of anonymity in recent days, is that the dominant economic narrative that has guided the flows of capital around the globe for decades is flipping fast.

If China once seemed on an inevitable path to overtaking a declining America as the world’s leading economic power, that’s no longer the case. The calculations in Washington and beyond are increasingly about how to deal with a China that, even if it is not yet in absolute decline, may well be approaching a peak in power.

 
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Americans are schizophrenic!
 
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I don't know why Americans still believe their government and media after they were fooled by them again and again.

I believe Americans are most tamed people in the world. US government only serves rich men and leaves others in "freedom". See how US government brutally treated Americans in covid time and Hawaii fire disaster. Strangely enough no one in US wants to overthrow this evil regime.
 
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