China was the world’s most powerful country for…a good chunk of the last 2000 years. They just fell behind because they had power structure hostile to scientific progress (and/or some other factors) at a really critical point in history.
looks at Zero COVID policy
Well... guess calls for China to pay for COVID are redundant. Pretty sure they're paying enough as it is now.
You can either buy a western vaccine save your economy, lift unpopular and draconian lockdowns and return to normal or stubbornly refuse out of national pride. I really don't understand why they are resistant to using western vaccines.
Vaccine uptake among the elderly in China is still pretty startlingly low. They’ve spent years bashing western vaccines at this point, so I doubt they’d get real uptake among the population that needs them even if they had them.
I really wonder if they’re on the verge of a huge real estate collapse. It seems like they’ve been teetering on that edge for a while.
You may not see a collapse just a sick sector hobbling along for extended time
I doubt it. It will probably take longer than expected though and there won't be as big gap between the two when it does overtake the US. It might even be possible that they swap places a few times as China's population begins to decrease.
China has 4x the US population so they only have to be 1/4 as productive per person to match us. It's inevitable.
Well we have an election coming up. Lots of time for the GOP to wreck the economy again!
China is already at the cusp of high-income status ($11,890 GNI per capita in 2021 versus the World Bank threshold of $13,205). They're also already having success in some high-value segments of the supply chain like phone design, computer design, AI applications, 5G innovation, and (increasingly) car design.