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When the Chinese people have a wage and have a per capita GDP output similar to the USA, then they have arrived at the first world. This might take another generation, or 2. But I believe that it will happen. Possibly in my lifetime.
Their government will live in the first world, the people will still be slaves earning 1/4 of what we consider "poverty". US GDP is about 15 trillion, and China GDP is about 8 trillion. If the median household income in the US is around 51k, your reasoning would imply that, right now, China's median income should be 25k (annual) but in fact its more than an order of magnitude smaller than that.
Their government will live in the first world, the people will still be slaves earning 1/4 of what we consider "poverty". US GDP is about 15 trillion, and China GDP is about 8 trillion. If the median household income in the US is around 51k, your reasoning would imply that, right now, China's median income should be 25k (annual) but in fact its more than an order of magnitude smaller than that.
I think I said that China is about where we were in the 1930's. I think it quite possible that China could accelerate their own evolution and accomplish what the USA did in 80 years in less time. Maybe a whole lot less.
Even without the national debt, future still goes to China. They are going to be a super power with a large middle class, enormous buying power, and increasing influence. America cannot stop China from becoming the main competitor. We have to learn to live with China in this new geopolitical and economic reality.
Horse pooky. China has launched a demographic time bomb which will destroy them in time. Google up "Demographic Time Bomb China" and see for yourself.
Have you been to inland China? Like Wuhan or Chongqing? It is an ABSOLUTE SH**HOLE. I literally got sick just breathing the air on the streets for an 2 hours.
To a lesser extent it's that way even in the more modern coastal cities. Same choking air, and a mix of modern and sh**hole conditions. Definitely not anywhere close to being developed-world standards overall.
I think I said that China is about where we were in the 1930's. I think it quite possible that China could accelerate their own evolution and accomplish what the USA did in 80 years in less time. Maybe a whole lot less.
I tried to have a conversation about China's problem with some Chinese nationals from China but they have only optimism that China will take over the world's super power from the US one day.
Issues about copying and innovation will be resolved eventually they say.
I tried to have a conversation about China's problem with some Chinese nationals from China but they have only optimism that China will take over the world's super power from the US one day.
Issues about copying and innovation will be resolved eventually they say.
As in "once we start making content those will matter". Ignoring the massive issues they face wont change the reality of them.
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