THE MATH OF HOW CHINA SURPASSES USA IN 5 YEARS

[52051]

He wants to roll back pollution laws to do this but it's a decision nobody wants to do.
https://www.nytimes.com/interactive/2020/climate/trump-environment-rollbacks.html
The Trump Administration Is Reversing 100
Environmental Rules. Here’s the Full List.

LOL he is elected by your countrymen and I remember before he become your predisent he already mentioned about coal-production, so I guess a lot more than "nobody" of you support his policy

 

[Microsoft]

Actually the point we are trying to make is that China has been laid back for the last 150 or so years.

Now that their people are actually working even with a mediocre effort they should with their far larger population pass the US.

How they haven't yet is the puzzle.

Putting aside China for a moment don't you think US progress/innovation steeply dropped after downfall of USSR?

 

[Hamartia Antidote]

Putting aside China for a moment don't you think US progress/innovation steeply dropped after downfall of USSR?

Has a world malaise occurred since the early 1990's?
Maybe.

Fall of Soviet Union. yep.
Japan Inc falling. yep.
Outsourcing to China. yep.

Taking it easy. Yep.

 

[ziaulislam]

15 years ago China's GDP was even behind Japan and Germany, France and Britain... where did you hear it?

China's 2004 GDP ranks 6th in world economy
Updated: 2005-12-20 10:34
China on Tuesday revised its GDP in 2004 to US$1.93 trillion, which means the country has overtaken Italy to rank 6th in world economy.

China surely would surpass USA
however, i am worried about the fact that it will start to age very quickly before its per capital can even become close to USA

USA & europe are going to tackle aging with immigration but whats china going to do?

Unless china can miraculously spin the knob and every starts having 3 -4 kids things wont get better

The reverse pyramid population is not sustainable ..Period

 

[ziaulislam]

US GDP PER CAPITA $65,000 pre-pandemic, China GDP PER CAPITA $10,000 roughly.... x6.5 is huge difference.

Put in aging issue and u see things arent bright in mext 20-30 years

China biggest issue as put forward by jack ma/alibaba founder is "population collapse"

This is true for most world except for countries which will allow immigration

Now ofcourse who knows innovation in robotics might migtate this to some extent but that is yet to seen

 

[Microsoft]

Has a world malaise occurred since the early 1990's?
Maybe.

Fall of Soviet Union. yep.
Japan Inc falling. yep.
Outsourcing to China. yep.

Taking it easy. Yep.

Regarding your other point is concerned I don't see China overtaking US anytime soon(25 years). I think US is that much farther ahead. However China's gains cannot be ignored and now US should be returning to peak innovation and seeing that US has risen to every challenge in the past I don't see why this will be any different.

 

[ziaulislam]

Regarding your other point is concerned I don't see China overtaking US anytime soon(25 years). I think US is that much farther ahead. However China's gains cannot be ignored and now US should be returning to peak innovation and seeing that US has risen to every challenge in the past I don't see why this will be any different.

It is different usa is going through isolation as it did after WW1.

TRUMPism will hurt USA "Innovators" who will leave for another country that would welcome them.

 

[zectech]

Said this two years ago.

https://defence.pk/pdf/threads/hsbc...t-economy-by-2030.578926/page-3#post-10817049

First, you don't go to a gold backed yuan or a silver backed yuan immediately. You first revalue your currency, don't give any hints that you are going to revalue your currency with gold backed Yuan. And when the trillions of worthless dollars are then used to short sell the Yuan. You announce China is considering a gold backed yuan. This is going to cause many margin calls on the shorts. If that does not scare the shorts away. Then really back your currency with gold. First announce the gold backed Yuan is going to be for Chinese nationals, and the international gold backed Yuan is going to be revealed in the next few months. This give Chinese nationals the ability to buy up the yuan going long in international markets (they are the first to be able to convert Yuan to gold) - making the short positions lose their Yuan, causing the westerners loose trillions. The remaining positions are going to lose the rest of their shorts when the international gold backed Yuan is let loose.

The only flaw in this is the Western banking system could allow for the invention of money illegally and in other currencies, that is why you only do international redemption of gold for Yuan as a last resort. And probably only for trackable traceable eYuan. So shadow banks are able to hyperinflate their positions of Yuan, to later short, when these Yuan were invented not by the Central bank of China, but by the Federal Reserve and other shadow banks. So they are counterfeit Yuan to hurt a gold-backed Yuan.

 

[Malik Alashter]

guys who clear the difference between ppp and anomaly thanks

 

[Mista]

Yes, but here’s the catch. Assume that Chinese Yuan appreciates 20% over the next five years. Thus, the GDP will get a 20% boost, when you convert Yuan to US dollar.

China's GDP is likely to surpass the US', but probably around 2030.

Those who take currency movements into GDP projections are talking absolute nonsense, especially movements as large as 20% in 5 years time. Anyone who can predict currency movements correctly would be a billionaire by now, it's as simple as that. If the prediction is indeed a prophecy, everyone would be shorting the USD now and make money.

Heck, countries would be handing trillions of foreign reserves for that guy to invest. Why have a central bank at all, or a revenue authority? There isn't a need to export to other countries or tax your people, since money is dropping from the sky.

If only money is so easy to earn lol.

 

[Yongpeng Sun-Tastaufen]

China has almost 5 times the population with a huge workforce.

How you haven't passed us is more the question.
That answer was the vast majority in previous years were poor farmers.

China has far more manufacturing than the US has.

 

[Rollno21]

Aha China overtaking USA thread ,dint see such threads this year.previously every other there used to be a thread on China overtaking USA

 

[Hamartia Antidote]

Said this two years ago.

https://defence.pk/pdf/threads/hsbc...t-economy-by-2030.578926/page-3#post-10817049

First, you don't go to a gold backed yuan or a silver backed yuan immediately. Y

Would you stop with the dumb gold stuff.
The only way gold would work is if gold was like $10M an ounce.Which is even dumber than paper money.

Rock worshipers vs paper worshipers.

 

[Microsoft]

It is different usa is going through isolation as it did after WW1.

TRUMPism will hurt USA "Innovators" who will leave for another country that would welcome them.

Who is leaving? Everyone is coming back. Regardless of that it is time for federal agencies and the like to step up anyway they've been falling behind due to complacency. The US is the place to be look at what happened to TikTok and who knows government may even get a share if Microsoft does end up purchasing it.

 

[FairAndUnbiased]

He wants to roll back pollution laws to do this but it's a decision nobody wants to do.
https://www.nytimes.com/interactive/2020/climate/trump-environment-rollbacks.html
The Trump Administration Is Reversing 100
Environmental Rules. Here’s the Full List.


Nobody wants to go back to the days of this..we'd rather have it in somebody elses backyard.

But US isn't ahead in clean manufacturing either.