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The Chinese baby boomers are between 45 and 60. In 15 years, there will be an extra 200 million people on state pensions there. This is going to constrain them immensely. Remember they peg their currency to the dollar so it will be even harder to pull this off. There is another baby boom cohort currently in their 30s... but behind them is not much so their labor force will shrink. Look at Japan and Russia for examples of shrinking labor force effect on economy.
100's of millions of Chinese people have recently been raised up to the middle class. Most importantly their lifestyle immensely improved in a short time. The Chinese central command obviously knows a great deal about modern fiat. Pensions based in Yuan should be no problem. Trade using dollars could be. And that could expose China's largest weakness. Food, agri and energy imports. Especially as they turn more toward their immense numbers of their own people/consumers.
If China seeks the role of Superpower then they had better start having more babies over there, or, not going to happen, allow more immigrants into the country, and we know how they feel about Muslims. They can't do it with robots alone.
China has already taken over as the new superpower.
What are you basing this on?
Economically? Politically? Militarily? I honest can't think of one reason someone would believe this other than they read it on the internet and decided sounded scary so must be true.
Quote:
Originally Posted by WannabeCPA
I really think a lot of people don't understand the definition of "superpower". Right now there is only one superpower. It's been that way for at least 30 years, since the fall of the Soviet Union. China isn't anywhere close to a superpower and I don't see that changing at least in my lifetime. If anything, I see China regressing from its current position due to increasing tension with its neighbors as well as countries like the U.S.
No. The current CCP administration has plan to shut its door once again. If it does, then the whole country will go back to the Mao's era.
anything with ties to falun gong is not a credible source.
that includes youtube channels Epoch Times, NTD, China Uncensored, anything featuring Simone Gao, Shen Yue (yes, even that POS show).
I really think a lot of people don't understand the definition of "superpower". Right now there is only one superpower. It's been that way for at least 30 years, since the fall of the Soviet Union. China isn't anywhere close to a superpower and I don't see that changing at least in my lifetime. If anything, I see China regressing from its current position due to increasing tension with its neighbors as well as countries like the U.S.
what constitutes a super power in your understanding of the definition?
economy? military? technology? influence through soft power?
china comes close in all but the last one, which they lag horribly behind.
and china was poised to surpass us economically in the 2020s. by some measures, they already have but the if going by the broadly used GDP metric, they have not.
I don't know if the virus has altered that trajectory any.
China could be the new superpower if the US doesn't take this covid wake-up call and do what needs to be done. We need to start on an all out new cold war footing to defeat China the way we did against Russia.
I say we just Red Dawn those commie SOB's! Hoooorah
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