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Old 06-13-2016, 01:33 AM
 
Location: United Kingdom
969 posts, read 825,902 times
Reputation: 728

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Many of the predictions concerning China's future development are formulated through a filter that willfully neglects the West's inherent weaknesses and projects its social precedents eastward.

China isn't committed to the same human development precedents as in the West. That means that, if necessary, it can resort to eccentric policies to make its projected demographic weaknesses less of a burden, such as raising the age of retirement, or doing away with the concept of retirement altogether, and thinking of various ways to incorporate its over-65s into the economy until an upturn in its demographic projections.

In that context, a superpower China is likely if its plans for monetary pre-eminence follow through, which is definitely a possibility given that monetary policy is the US economy's salient weakness.
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