China’s economy will not overtake the US until 2060, if ever

[F-22Raptor]

China will overtake USA sometime this century. I expect it in 2040-2050 unless we cleanup our act



20 million impaired by Covid - that is 1/16 Americans. I do not see that

China has a window of about 10 more years before their to deep into their demographic decline to catch up.

The reality is that it’s more uncertain than ever that China will be able to surpass US GDP. After this year, China will be $8T behind US GDP. They have a very long way to go.

 

[beijingwalker]

Dollar GDP now is becoming a joke especially after this year, China grows in global trade, exports, trade surplus, industrial, agricultural and manufacturing output... what grows in US except for inflation?

 

[nahtanbob]

China has a window of about 10 more years before their to deep into their demographic decline to catch up.

The reality is that it’s more uncertain than ever that China will be able to surpass US GDP. After this year, China will be $8T behind US GDP. They have a very long way to go.

there are lot of scenarios here - a dollar depreciation etc. I cannot look that far into the future. China's demographics works for/against it. It is a wash. the big thing against China is their autocratic government. it is a matter of time they make mistakes

 

[MultaniGuy]

Somebody said China is already the largest economy in GDP Nominal, not just GDP PPP.

 

[BHAN85]

It doesnt matter how big is China GDP.

China and USA dont manufacture same things.

If Chinese elites wants luxuries and good healthcare, they need to buy to USA.

What is the point in have a large amount of money if you only can buy cheap things and rice?

 

[firohot4321]

Once again, PPP is worthless. Nominal GDP is what translates to real power.

In that article data from IMF was given and
The Economist real one said PPP is real deal so does according to him most economists

So when did you got a PhD in economics to give such blanket statement sonny

Btw as for real power of economy

It's China that has USA indebted to
not vice versa
It's USA whose supply chains collapsed during Corona and people were fighting over toilet paper
Not China

Its not worthless, PPP is adjusted to cost of living and is a real metric to measure economic output. If for example a bolt gets made in USA for $1 and the same made elsewhere is made for 50 cents then USA’s GDP adds $1 while the other country’s GDP adds only 50 cents for the same bolt.

In China case that bolt would only cost em perhaps 5 cents
But when they sell it to USA they can demand 1 $
So then they are richer by PPP which is more logical

 

[etylo]

China with aging manpower and spoiled youth will go Russian way in loosing edge in military and economy because of dictatorship, aging population and unskilled manpower.

Becos of brain damaged for drinking too much cow piss.

 

[firohot4321]

It doesnt matter how big is China GDP.

China and USA dont manufacture same things.

If Chinese elites wants luxuries and good healthcare, they need to buy to USA.

What is the point in have a large amount of money if you only can buy cheap things and rice?

You must be living In 90s

Btw USA healthcare is some of the worst in industrial world
Only for rich

Luxury brands are mostly European
Many now owned by Chinese proxies

 

[beijingwalker]

It doesnt matter how big is China GDP.

China and USA dont manufacture same things.

If Chinese elites wants luxuries and good healthcare, they need to buy to USA.

What is the point in have a large amount of money if you only can buy cheap things and rice?

Like what exactly?

 

[beijingwalker]

If Chinese elites wants luxuries and good healthcare, they need to buy to USA.

Healthcare? without China's drugs, tens of million Americans will die/

China Manufactures 95% Of The Medicines Used In The U.S.A.
Last year, about 40 per cent of the antibiotics imported to the US came from China, including 90 per cent of chloramphenicol, 93 per cent of tetracyclines and 52 per cent of penicillin, according to data from the US International Trade Commission. Reliance on China for the supply of some basic medicines is a vulnerability for the US and an advantage to Beijing.

China’s dominance in medicine production extends to antibiotics too, especially penicillin, tetracycline, and chloramphenicol; and it is the world’s largest producer and exporter of vitamins.

 

[Yongpeng Sun-Tastaufen]

Printing dollars makes dollars worthless.

 

[BHAN85]

You must be living In 90s

Btw USA healthcare is some of the worst in industrial world
Only for rich

Luxury brands are mostly European
Many now owned by Chinese proxies

I'm talking about what Chinese RULING ELITE wish, not about common people wish.

Chinese elite, and all other elites of this world, wants and need what USA manufacture: luxuries and goold healthcare.

China can multiply his GDP by 100 producing 100 times more rice, but that's not useful for Chinese elite.

m-RNA vaccines for example, it's a USA made good healthcare product.

 

[StraightEdge]

these white men are really getting delusional. I am pretty sure China won't sustain high growth rate in future. I am also pretty confident US will not have any growth.

 

[firohot4321]

I'm talking about what Chinese RULING ELITE wish, not about common people wish.

Chinese elite, and all other elites of this world, wants and need what USA manufacture: luxuries and goold healthcare.

China can multiply his GDP by 100 producing 100 times more rice, but that's not useful for Chinese elite.

m-RNA vaccines for example, it's a USA made good healthcare product.

Many other countries are making em too

Question is can general public afford it

With Chinese lowered cost of production they can

As for issues faced by American public just watch last week tonight with John Olivier

How American common man has to choose between healthcare or paying bills due to predatory corporate healthcare and insurance
That's reality

 

[beijingwalker]

China can multiply his GDP by 100 producing 100 times more rice, but that's not useful for Chinese elite.

m-RNA vaccines for example, it's a USA made good healthcare product.

China is world biggest rice importer, we import lots of crops from US, US is like China's farmland. as for US vaccines, do they stop over 1 million covid deaths in US？ the highest covid deaths in the world.