Bitcoin Forum

Economy => Economics => Topic started by: rinkidas14 on December 27, 2020, 02:09:26 PM



Title: China to overtake the Us as the largest global economy by 2028?
Post by: rinkidas14 on December 27, 2020, 02:09:26 PM
             TWO ECONOMICS
The corona virus pandemic and it's economic fallout will help china rise past the US to become the world's largest economy, a new report shows. Beijing is now expected to overtake the US by 2028, as opposed to 2033, a UK think tank said in its letest report.
     
                   2028
''We expect the United States' share of the global GDP to decline from 2021 onwards, and for the country to eventually be overtaken by China as the world's largest economy,'' the Centre for Economic and Business Research (CEBR) said in an annual report released on Saturday.
''We now expect this to happen in 2028 five years sooner than in the previous edition of the WELT, '' referring to the think tank's Would Economic League Table, witch measures countries'   economic performance.

        China was 'skillful' with the pandemic

The quickened pace has been attributed to the defference between Beijing and Washington's response to the corona virus pandemic and the recovery that followed. The report hailed China's ''skillful management of the pandemic,'' where an early lockdown kept the numbers under control.

The report added that the Us would aslo see a strong post-pandemic rebound in the coming year, but its growth would allow down to 1.9% and 1.6% over the years that follow.

                WHAT IT IS?
China on the other hand is headed for an average growth rate of 5.7% a year from 2021 till 2025. Between 2026 and 2030, it is expected to slow down to 4.5% a year.

 Japan is expected to remain the third-largest economy until the early 2030s, when India could overtake it, pushing Germany to the fifth spot.

      What is your experiences, for more information: https://www.google.com/amp/s/amp.dw.com/en/china-to-overtake-us-as-largest-global-economy-by-2028-report/a-56061395


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: jackg on December 27, 2020, 02:24:43 PM
I thought China has already overtaken the US this year, or was that just projection? I thought US gdp was around $24tr and China around $28tr or something similar (but with the 4tr+ difference).

I've seen many notable projections also about China and Russia no longer being countries by 2028 (eg splitting due to war or civil differences) which is something I think we'll see a large pressure on a split at some point (especially in china).


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: suzanne5223 on December 27, 2020, 03:14:27 PM
I dont see the China overtaking the US as GDP is concern because aside the covid 19 issue which lead to recession of some countries China have home problem which I am sure will have lead to some big if the pandemic issue didnt happen. But, i think the US also need to join the Chinese by creating their own national digital currency.

I thought China has already overtaken the US this year, or was that just projection? I thought US gdp was around $24tr and China around $28tr or something similar (but with the 4tr+ difference).
According to the current GDP result provided by World Bank. The US is still leading China with $21.4 trillion GDP whilst China GDP was estimated as  $14.3 trillion. I dont know how accurate the result is though.

 


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: DevilSlayer on December 27, 2020, 03:22:35 PM
I recently watched a video about the plan of the China in these upcoming years, they are building a lot of road and other mode of transportation in different countries especially in Asia wherein the transportation are all towards to China which only means they want to dominate the global trade. The China is currently silent in these past months but for sure their economy will become popular in these following years. The chinese communists are so intelligent wherein a lot of countries have huge debt and have part of their economy. The expansion of China are crazy so for sure they will become the largest economy soon.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: TofuDefi on December 27, 2020, 03:25:43 PM
China has its own problems, but nevertheless there is good chance to become number one in the next 10 years. 


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: slapper on December 27, 2020, 03:28:12 PM
This is not good news for me. Personally, although I respect the Chinese for their intelligence and hard-working, I do not like China at all. And if they become the largest global economy, there will be a lot of consequences in which Western people do not accept. They like to manipulate the world in order to gain the most advantages for themselves, not for others. Therefore, you need to consider before starting to work with a Chinese company which related to the government.

Even when they become the number one country, will their citizens be happy with that? Most of them are being controlled by the centralized system created by the government and no way to escape.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: wxa7115 on December 27, 2020, 07:25:46 PM
I thought China has already overtaken the US this year, or was that just projection? I thought US gdp was around $24tr and China around $28tr or something similar (but with the 4tr+ difference).

I've seen many notable projections also about China and Russia no longer being countries by 2028 (eg splitting due to war or civil differences) which is something I think we'll see a large pressure on a split at some point (especially in china).
I do not know why but I had the same idea, I thought that China had surpassed the US already but it seems this is not the case yet according to the data shared on the thread, still as they say this is a matter of time if things keep going in this direction.

Which is why I find the prediction about China and Russia splitting to be such a curious thing, an open war will be disastrous for the world so countries need to rely in underhanded methods to try to undermine their opponents and to try to incite civil unrest seems like a good tactic but I do not really see how Chinese will go through something like that when they put so much effort to keep their citizens in check.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: SamTheRecordMan on December 27, 2020, 07:33:18 PM
I've seen many notable projections also about China and Russia no longer being countries by 2028 (eg splitting due to war or civil differences) which is something I think we'll see a large pressure on a split at some point (especially in china).

I think Russia is more likely to have a civil war than China but I could be wrong. Rising powers often have civil wars as in the case of the US, Soviet Union, Britain, Japan, Rome, etc.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: kpierce77 on December 27, 2020, 07:37:58 PM
Right now China is very strong, both in terms of domestic and foreign governance. besides that they are also able to overcome Covid19 easily (almost perfectly). and they currently dominate trade in quite large commodities. maybe the current US political cycle makes them not strong enough, because they seem fragmented as a large nation


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: hatshepsut93 on December 27, 2020, 08:07:58 PM
        China was 'skillful' with the pandemic

The quickened pace has been attributed to the defference between Beijing and Washington's response to the corona virus pandemic and the recovery that followed. The report hailed China's ''skillful management of the pandemic,'' where an early lockdown kept the numbers under control.

China can't be trusted with any statistics, and there has been a lot of rumors and theories that China lies about its covid rates. Also, covid is their fault, if they banned their stupid wet markets, millions of people around the world wouldn't have to die. They were perfectly aware about this danger, since it's not the first outbreak that originates from these markets, so China should absolutely not be praised.

But US response was horrible, they failed to implement proper quarantine and a lot of people just refused to follow the basic guidelines like wearing a mask, because they believe in conspiracy theories.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: DrBeer on December 27, 2020, 08:43:26 PM
China today, of course, is one of the world leaders, it's hard to argue here. But there are nuances. China, as the largest producer of everything, NEEDS sales markets, without which their economy will not be able to develop. The domestic market is certainly not small either, but it does not bring foreign exchange profit, and without this the economy will not work either, because any isolated and "closed" economy tends to collapse. Moreover, China objectively needs expansion and new territories. There are economic, political and historical reasons for this. Moreover, Russia gave an example, showing that it is possible to annex foreign territories under the most idiotic pretexts, and China in a sense supported Russia without saying a clear "no". Now China will refer to this "right" to absorb the eastern territories of Russia, which for the last 10+ years have been assimilated through the settlement of the Chinese. In some eastern regions of Russia, Chinese is already spoken, and the Russian population is an almost powerless minority. Plus, the flirting of the Kremlin regime unties China's hands - the Kremlin rulers have given China a 50-90-year lease, millions of hectares of the Trans-Urals, allowing them not only to do whatever they want with resources, but also to use their legislation (the so-called regions with a special legislative framework, where the de facto laws of Russia do not work). As a result, it is important for China to keep the US and the EU as consumers of products manufactured by China, Russia as a raw material / territorial appendage of China.
PS For the sake of interest, see what camouflage colors the PRC army uses - they are unlikely to be preparing for a ground operation against Canada :)


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: jaysabi on December 27, 2020, 08:48:16 PM
I've seen many notable projections also about China and Russia no longer being countries by 2028 (eg splitting due to war or civil differences) which is something I think we'll see a large pressure on a split at some point (especially in china).

Not likely at all.  The western world expected that China modernizing its economy and becoming more open would hasten the communist party's decline, but the opposite has happened. There is no internal pressure to break up the country or the party as long as the economy is improving the lives of citizens. The party is as strong as ever.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Haunebu on December 27, 2020, 08:54:07 PM
Lol. What is up with these Chinese dominance threads these days? China overtaking USA? Absolute nonsense. Russia seems to have better chances in this regard though USA is still miles ahead in so many ways when compared to both countries in my opinion.

COVID-19 has affected all countries and a pandemic won't change the power rankings that easily. The American language, universities, culture, economy etc are far superior when compared to China or Russia.

People have made many similar assumptions in the past, but nothing clearly changed and it will probably stay the same for a long time in the future.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: cabron on December 27, 2020, 09:12:52 PM

Usersmcould be in denial of what could happen next but the fact is that China had successfully dominate even in the crypto space. The products that american buys in the market are from China, almost everything we use today are made in China. 10 years could be too long for them to actually be the number one.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Broly46 on December 28, 2020, 02:00:26 AM
Not my list but a good one that points out allot of true things.
1. Approximately 57 percent of all children in the United States are living in homes that are either considered to be either “low income” or impoverished.
2. More than 25 percent of all U.S. children have a chronic health condition that affects their ability to learn. Perhaps we should not be feeling them so much junk food.
3. In 2011, SAT scores for young men were the worst that they had been in 40 years.
4. The average young American will spend 10,000 hours playing video games before the age of 21.
5. One study discovered that 88 percent of all Americans between the ages of 8 and 18 play video games, and that approximately four times as many boys are addicted to video games as girls are.
6. According to a survey conducted by the National Geographic Society, only 37 percent of all Americans between the ages of 18 and 24 can find the nation of Iraq on a map.
7. According to one survey, 50 percent of Americans between the ages of 18 and 24 cannot find the state of New York on a blank map.
8. Only 26 percent of Oklahoma high school students know what the first ten amendments to the U.S. Constitution are called.
9. Only 10 percent of Oklahoma high school students know how many justices sit on the Supreme Court. 10. At this point, 15-year-olds that attend U.S. public schools do not even rank in the top half of all industrialized nations when it comes to math or science literacy.
11. Children in the United States are three times more likely to be prescribed antidepressants than children in Europe are.
12. The United States leads the world in eating disorder deaths.
13. The average American drinks more than 600 sodas every single year. That is by far the most in the world.
14. Back in 1962, only 13 percent of all Americans were obese. Right now, approximately 36 percent of all Americans are obese, and it is being projected that number will rise to 42 percent by 2030.
15. In America today, many families allow the television to raise their children. In fact, the United States is tied with the U.K. for the most hours of television watched per person each week.
16. There are more school shootings in America than anywhere else in the world.
17. The United States has the highest divorce rate on the globe by a wide margin. This is ripping millions of families with children to shreds.
18. Without solid family units, more kids than ever are joining gangs. Today, there are approximately 1.4 million gang members living inside the United States. That number has risen by 40 percent just since 2009. 19. There are more than 3 million reports of child abuse in the United States every single year.
20. If you can believe it, an average of five children die as a result of child abuse in the United States every single day.
21. Sadly, the United States actually has the highest child abuse death rate on the entire globe.
22. Approximately 20 percent of all child sexual abuse victims are under the age of 8.
23. In the United States today, it is estimated that one out of every four girls is sexually abused before they become adults.
24. According to researchers, convicted rapists in the United States report that two-thirds of their victims were under 18, and among those cases 58% said that their victims were 12 years old or younger.
25. The percentage of children living in poverty has risen from 17 percent in 2007 to 22 percent today.
26. Today, one out of every four American children is on food stamps.
27. It is being projected that approximately 50 percent of all U.S. children will be on food stamps at some point in their lives before they reach the age of 18.
28. As I have written about previously, approximately 42 percent of all single mothers in the United States are on food stamps.
29. According to the National Center for Children in Poverty, 36.4 percent of all children that live in Philadelphia are living in poverty, 40.1 percent of all children that live in Atlanta are living in poverty, 52.6 percent of all children that live in Cleveland are living in poverty and 53.6 percent of all children that live in Detroit are living in poverty.
30. It is estimated that up to half a million children may currently be homeless in the United States.
31. It is estimated that child homelessness in the United States has risen by 33 percent since 2007.
32. Right now, approximately 25 million American adults are living with their parents.
33. Law enforcement officials estimate that about 600,000 Americans and about 65,000 Canadians are trading dirty child pictures online.
34. The average high school boy spends two hours watching pornography every single week.
35. An astounding 30 percent of all Internet traffic now goes to pornography websites, and the U.S. producesmore pornography than any other nation has in the history of the world.
36. In the United States today, 47 percent of all high school students have had sex.
37. One out of every four teen girls in the United States now has an STD.
38. The United States has the highest teen pregnancy rate on the entire planet by a wide margin.
39. One survey found that one out of every five teen girls actually wants to be a teen mom.
40. We have borrowed 16 trillion dollars that we expect future generations to repay. We have consigned our children and our grandchildren to a lifetime of debt slavery and they don’t even realize it yet. When they do realize what we have done to them they will probably curse us bitterly.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: exstasie on December 28, 2020, 02:16:16 AM
Whether or not they overtake the US in overall output, the growth is already tapering off. They've become a developed economy, with a quickly growing consumerist middle class and service sector, and also quickly growing demand for higher wages. The old export-based growth model based on cheap Chinese labor is becoming a thing of the past, and so is the associated growth trajectory.

I've seen many notable projections also about China and Russia no longer being countries by 2028 (eg splitting due to war or civil differences) which is something I think we'll see a large pressure on a split at some point (especially in china).

Really? The CCP seems stronger than ever. Honestly, civil war seems more likely in the US. (Not that I think that's likely either)


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Sithara007 on December 28, 2020, 04:14:37 AM
This was bound to happen, and I expect the Chinese economy to grow at a much faster pace than expected and overtake the Americans sooner than the analysts are predicting. China has transformed their system from a socialist economy to a capitalist economy, while the US has gone in the opposite direction. With politicians such as Kamala Harris and Nancy Pelosi in charge, they are inching closer to having a socialist system. And the results will be very much predictable. A socialist economy can never be successful, anywhere in the world.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: philipma1957 on December 28, 2020, 04:26:24 AM
Not my list but a good one that points out allot of true things.
1. Approximately 57 percent of all children in the United States are living in homes that are either considered to be either “low income” or impoverished.
2. More than 25 percent of all U.S. children have a chronic health condition that affects their ability to learn. Perhaps we should not be feeling them so much junk food.
3. In 2011, SAT scores for young men were the worst that they had been in 40 years.
4. The average young American will spend 10,000 hours playing video games before the age of 21.
5. One study discovered that 88 percent of all Americans between the ages of 8 and 18 play video games, and that approximately four times as many boys are addicted to video games as girls are.
6. According to a survey conducted by the National Geographic Society, only 37 percent of all Americans between the ages of 18 and 24 can find the nation of Iraq on a map.
7. According to one survey, 50 percent of Americans between the ages of 18 and 24 cannot find the state of New York on a blank map.
8. Only 26 percent of Oklahoma high school students know what the first ten amendments to the U.S. Constitution are called.
9. Only 10 percent of Oklahoma high school students know how many justices sit on the Supreme Court. 10. At this point, 15-year-olds that attend U.S. public schools do not even rank in the top half of all industrialized nations when it comes to math or science literacy.
11. Children in the United States are three times more likely to be prescribed antidepressants than children in Europe are.
12. The United States leads the world in eating disorder deaths.
13. The average American drinks more than 600 sodas every single year. That is by far the most in the world.
14. Back in 1962, only 13 percent of all Americans were obese. Right now, approximately 36 percent of all Americans are obese, and it is being projected that number will rise to 42 percent by 2030.
15. In America today, many families allow the television to raise their children. In fact, the United States is tied with the U.K. for the most hours of television watched per person each week.
16. There are more school shootings in America than anywhere else in the world.
17. The United States has the highest divorce rate on the globe by a wide margin. This is ripping millions of families with children to shreds.
18. Without solid family units, more kids than ever are joining gangs. Today, there are approximately 1.4 million gang members living inside the United States. That number has risen by 40 percent just since 2009. 19. There are more than 3 million reports of child abuse in the United States every single year.
20. If you can believe it, an average of five children die as a result of child abuse in the United States every single day.
21. Sadly, the United States actually has the highest child abuse death rate on the entire globe.
22. Approximately 20 percent of all child sexual abuse victims are under the age of 8.
23. In the United States today, it is estimated that one out of every four girls is sexually abused before they become adults.
24. According to researchers, convicted rapists in the United States report that two-thirds of their victims were under 18, and among those cases 58% said that their victims were 12 years old or younger.
25. The percentage of children living in poverty has risen from 17 percent in 2007 to 22 percent today.
26. Today, one out of every four American children is on food stamps.
27. It is being projected that approximately 50 percent of all U.S. children will be on food stamps at some point in their lives before they reach the age of 18.
28. As I have written about previously, approximately 42 percent of all single mothers in the United States are on food stamps.
29. According to the National Center for Children in Poverty, 36.4 percent of all children that live in Philadelphia are living in poverty, 40.1 percent of all children that live in Atlanta are living in poverty, 52.6 percent of all children that live in Cleveland are living in poverty and 53.6 percent of all children that live in Detroit are living in poverty.
30. It is estimated that up to half a million children may currently be homeless in the United States.
31. It is estimated that child homelessness in the United States has risen by 33 percent since 2007.
32. Right now, approximately 25 million American adults are living with their parents.
33. Law enforcement officials estimate that about 600,000 Americans and about 65,000 Canadians are trading dirty child pictures online.
34. The average high school boy spends two hours watching pornography every single week.
35. An astounding 30 percent of all Internet traffic now goes to pornography websites, and the U.S. producesmore pornography than any other nation has in the history of the world.
36. In the United States today, 47 percent of all high school students have had sex.
37. One out of every four teen girls in the United States now has an STD.
38. The United States has the highest teen pregnancy rate on the entire planet by a wide margin.
39. One survey found that one out of every five teen girls actually wants to be a teen mom.
40. We have borrowed 16 trillion dollars that we expect future generations to repay. We have consigned our children and our grandchildren to a lifetime of debt slavery and they don’t even realize it yet. When they do realize what we have done to them they will probably curse us bitterly.

USA poisons many children with intentional lead water. Makes the kids stupid. Child lead poisoning lowers iq 4-8 points.

USA is a fallen giant. With no real shot to get back up.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Broly46 on December 28, 2020, 05:24:12 AM
Not my list but a good one that points out allot of true things.
1. Approximately 57 percent of all children in the United States are living in homes that are either considered to be either “low income” or impoverished.
2. More than 25 percent of all U.S. children have a chronic health condition that affects their ability to learn. Perhaps we should not be feeling them so much junk food.
3. In 2011, SAT scores for young men were the worst that they had been in 40 years.
4. The average young American will spend 10,000 hours playing video games before the age of 21.
5. One study discovered that 88 percent of all Americans between the ages of 8 and 18 play video games, and that approximately four times as many boys are addicted to video games as girls are.
6. According to a survey conducted by the National Geographic Society, only 37 percent of all Americans between the ages of 18 and 24 can find the nation of Iraq on a map.
7. According to one survey, 50 percent of Americans between the ages of 18 and 24 cannot find the state of New York on a blank map.
8. Only 26 percent of Oklahoma high school students know what the first ten amendments to the U.S. Constitution are called.
9. Only 10 percent of Oklahoma high school students know how many justices sit on the Supreme Court. 10. At this point, 15-year-olds that attend U.S. public schools do not even rank in the top half of all industrialized nations when it comes to math or science literacy.
11. Children in the United States are three times more likely to be prescribed antidepressants than children in Europe are.
12. The United States leads the world in eating disorder deaths.
13. The average American drinks more than 600 sodas every single year. That is by far the most in the world.
14. Back in 1962, only 13 percent of all Americans were obese. Right now, approximately 36 percent of all Americans are obese, and it is being projected that number will rise to 42 percent by 2030.
15. In America today, many families allow the television to raise their children. In fact, the United States is tied with the U.K. for the most hours of television watched per person each week.
16. There are more school shootings in America than anywhere else in the world.
17. The United States has the highest divorce rate on the globe by a wide margin. This is ripping millions of families with children to shreds.
18. Without solid family units, more kids than ever are joining gangs. Today, there are approximately 1.4 million gang members living inside the United States. That number has risen by 40 percent just since 2009. 19. There are more than 3 million reports of child abuse in the United States every single year.
20. If you can believe it, an average of five children die as a result of child abuse in the United States every single day.
21. Sadly, the United States actually has the highest child abuse death rate on the entire globe.
22. Approximately 20 percent of all child sexual abuse victims are under the age of 8.
23. In the United States today, it is estimated that one out of every four girls is sexually abused before they become adults.
24. According to researchers, convicted rapists in the United States report that two-thirds of their victims were under 18, and among those cases 58% said that their victims were 12 years old or younger.
25. The percentage of children living in poverty has risen from 17 percent in 2007 to 22 percent today.
26. Today, one out of every four American children is on food stamps.
27. It is being projected that approximately 50 percent of all U.S. children will be on food stamps at some point in their lives before they reach the age of 18.
28. As I have written about previously, approximately 42 percent of all single mothers in the United States are on food stamps.
29. According to the National Center for Children in Poverty, 36.4 percent of all children that live in Philadelphia are living in poverty, 40.1 percent of all children that live in Atlanta are living in poverty, 52.6 percent of all children that live in Cleveland are living in poverty and 53.6 percent of all children that live in Detroit are living in poverty.
30. It is estimated that up to half a million children may currently be homeless in the United States.
31. It is estimated that child homelessness in the United States has risen by 33 percent since 2007.
32. Right now, approximately 25 million American adults are living with their parents.
33. Law enforcement officials estimate that about 600,000 Americans and about 65,000 Canadians are trading dirty child pictures online.
34. The average high school boy spends two hours watching pornography every single week.
35. An astounding 30 percent of all Internet traffic now goes to pornography websites, and the U.S. producesmore pornography than any other nation has in the history of the world.
36. In the United States today, 47 percent of all high school students have had sex.
37. One out of every four teen girls in the United States now has an STD.
38. The United States has the highest teen pregnancy rate on the entire planet by a wide margin.
39. One survey found that one out of every five teen girls actually wants to be a teen mom.
40. We have borrowed 16 trillion dollars that we expect future generations to repay. We have consigned our children and our grandchildren to a lifetime of debt slavery and they don’t even realize it yet. When they do realize what we have done to them they will probably curse us bitterly.

USA poisons many children with intentional lead water. Makes the kids stupid. Child lead poisoning lowers iq 4-8 points.

USA is a fallen giant. With no real shot to get back up.


It’s fine! Everyone is fine!


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Kocret02 on December 28, 2020, 08:40:02 AM
looks like it could happen. Seeing China's dominance in world trade and the progress of the Chinese state, it seems that China will be able to take US alit. but the US also will not be silent, they will definitely compete to be in the top 1 position in the world


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: ethereumhunter on December 28, 2020, 09:27:15 AM
looks like it could happen. Seeing China's dominance in world trade and the progress of the Chinese state, it seems that China will be able to take US alit. but the US also will not be silent, they will definitely compete to be in the top 1 position in the world

It already happens. You can see in your country, the China product trying to beat the other product from the US, and the product from China offer the same quality with a low price than the other countries. It could give the chance for China to take the top 1 position in the world if the other country, especially the US if they can not compete with China.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: as.exchange on December 28, 2020, 09:38:03 AM
In fact this topic is my one of the favourite, therefore will address several points mentioned here, as I lived in all 3 places mentioned (USA, China (incl. HK), and Russia), and have well knowledgeable friends from all these places. FYI, I am not Chinese, if that's something you might think about.

The COVID19 has proven that the Chinese medical system is more resilient, and strong government control can take more directed and faster actions as opposed to the ones in USA which we can say more "decentralized" if you wish from the perspective that there are "checks and balances" on each stage of medical system. In Russia on the contrary it's way worse than in the U.S., I personally have married friends who were diagnosed with COVID19 and while they were in quarantine at home, their spouses (who obviously live together), didn't need to take any tests, and could easily go out from home for shopping, and afterwards were even taking some classes in large groups. But in China, even if 1 person was suspected to have COVID-like symptoms, the entire living complex would be blocked and isolated, and literally everyone would be tested and quarantined. As a result, China re-emerged from the virus faster and better than others. However, the CCP understands very well that it's disadvantageous in terms of BioTech innovation as compared to the U.S., therefore, if you have been in China recently and spoke with business community you will know that government is flooding the sector with billions of dollars and they decided to make Wuhan - the med centre of the country.

Now in China you can clearly identify:
Beijing as the political centre,
Shanghai as the centre of international business,
Shenzhen as the centre of tech (software & hardware) innovation,
Guangzhou as the centre of trade,
Hong Kong as the financial centre,
and now it will be Wuhan for life sciences and pharma.

You may like it or not, but CCP will do what it promised, because of million factors that are out of the scope of current discussion, but unlike in Russia where government is also has it's major disadvantages (including corruption), in China, having the same problems, the politicians and CCP has #1 priority - political and economic stability and wellbeing of the nation and country. Not of any single individual, businessman or minority community, but society, nation and country overall! That leads to patriotism which is not there in the USA overall (everyone got own opinion and will complain about the country's problems), and economic power which is not there in Russia (since politicians prioritise personal wellbeing over nation's).

Understanding the above, China not only launches new targeted subsidies and foreign talent acquisition programs, and Chinese from abroad repatriation schemes, but many other reforms which people who don't follow the Chinese-Chinese news (but only Chinese from Western perspective / or Chinese financed by Western) will not know.

So to conclude that part, China is surely developing super fast and many even don't notice that. But China is not yet #1 and it will take years to achieve that, and CCP understands pretty well their own problems, such as shadow banking (solving), p2p scams (solved), tech monopolies (solving), lack of true innovation but rather copy/buyout the western tech & improve (solving). Part of them hinder growth, part of them make China de-facto not able to overtake the U.S. position. But as you hear from news they are solving those part by part.

However, as was correctly mentioned - there are other, more "fundamental" issues (about minorities, different ethnic groups, etc.) and yes they do pose big risks if exploited correctly by external powers. But that's unlikely to happen in the near future, because the USSR experience was studied well and taken into consideration.

Same with Russia's chances for splitting, unlike the current Chinese leadership which puts its own interests first and above all, Russian leadership puts personal stability and interests first, and therefore has a strong power and motivation to silence and control those who pose external and uncontrolled risks to the power, therefore will not allow externalities to split the country. But if economic situation doesn't change - there might be other risks emerging very quickly internally. Besides, when Putin leaves (it will happen eventually) there might be left a huge power vacuum, which might blow the country from inside by the fight of elites, oligarchs and political opposition.

Considering the point mentioned earlier by the forum member that Chinese like to manipulate in their order, well yes and of course - isn't that reasonable? Just like USA manipulates everything towards its own favour, and even international conflicts, just like Russia does so, so will China too. Only stupid country won't do that, no?

Therefore China finances as much as possible of foreign sales markets with its own debt. It's like buying iPhone on credit - you take financing from the company to buy iPhone from Apple, and then you get the phone, but gonna repay the debt eventually. That's the soft power - lend to other nations who are happy to take that money, and if they repay debts - earn, if they don't (and most of them won't) - you dictate your own rules there.

To summarize, my opinion is that in order to evaluate the future potential success of any country, you need to assess it among 4 core dimensions only: 1) economic power, 2) military power, 3) international political power, 4) innovation. Note that most of them cannot be evaluated by 1 single metric (GDP, or R&D spending for example), but you need to consider many related and sub-measures.

USA:
1) economic power: #1, but that's under question for the future
2) military power: #1, army is indeed is the best and most advanced, but not so patriotic though
3) international political power: #1, as no conflict or international matter gets decided without USA
4) innovation: #1, both from commercial perspective and from state-level

China:
1) economic power: #2, but increasing, and now average Chinese from 1st tier city who was born in that city is way more rich than average American (Russia is not even considered here  :D)
2) military power: #3, and strongly dependent of foreign technology which CCP doesn't have solution to, yet (at least not disclosed / discussed publicly)
3) international political power: #4-5, as China doesn't get itself into every single conflict, but in 2019-2020 that's changing
4) innovation: top10 at best, which CCP tries to solve with big money being thrown here and there, but I personally believe only money will not solve it, as that's more about education, culture, etc (and you can't have great innovation which comes from diversity, and great stability and patriotism, all at the same time)

Russia:
1) economic power: top20, which is hardly imaginable to be changed any time soon, as Russia had good chances in 2000-2002, but... we know where we are now
2) military power: #2, as it indeed produces most advanced weapons and both China has to rely on it, and EU+USA have to deal with it by accelerating own spending, expanding budgets, etc. (in fact if gov would spend more on social wellbeing than on military, maybe it could be more stable and start growing too)
3) international political power: #3-4, which is achievable only due to its military power, otherwise nobody would take Russia seriously
4) innovation: not even top20, if speaking from the broad perspective, as even the Skolkovo project failed and all Russians are laughing about it (because the administrators as always just steal the budgets and "invest" in related companies which then get bankrupt (analogy with DeFis now which are hacked ;)))


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: DrBeer on December 28, 2020, 09:38:29 AM
Not my list but a good one that points out allot of true things.
1. Approximately 57 percent of all children in the United States are living in homes that are either considered to be either “low income” or impoverished.
2. More than 25 percent of all U.S. children have a chronic health condition that affects their ability to learn. Perhaps we should not be feeling them so much junk food.
.....

It feels like I returned to the 80s, and I listen to 1 of the 3 available TV channels in the USSR. Classic Soviet propaganda, sample of the 80s :)
One question - if everything is so bad there, everyone is stupid, everything is degrading - why is the American economy the strongest, the United States is a leader in innovation and technology development, the United States provides financial and technical assistance to half of the world, and for 80% it is a market for selling its products ?! You can fantasize a lot, but reality does not change from this :)



Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: philipma1957 on December 28, 2020, 08:18:15 PM
Not my list but a good one that points out allot of true things.
1. Approximately 57 percent of all children in the United States are living in homes that are either considered to be either “low income” or impoverished.
2. More than 25 percent of all U.S. children have a chronic health condition that affects their ability to learn. Perhaps we should not be feeling them so much junk food.
.....

It feels like I returned to the 80s, and I listen to 1 of the 3 available TV channels in the USSR. Classic Soviet propaganda, sample of the 80s :)
One question - if everything is so bad there, everyone is stupid, everything is degrading - why is the American economy the strongest, the United States is a leader in innovation and technology development, the United States provides financial and technical assistance to half of the world, and for 80% it is a market for selling its products ?! You can fantasize a lot, but reality does not change from this :)



I was born in the USA.
I lived here most of my life.

Other than 5 years in the USA Navy.

USA is not structured for a pandemic.

China is structured for a pandemic.

Sooo how long before the next pandemic.

Not a very complicated question.

My guess is a new pandemic worse than this one in under 10 years.

I also guess freedom loving anti mask conspiracy people in the USA will not handle it any better than this one.


BTW in no way am I accusing China of creating this pandemic or the next one.
I am simply observing China is better equipped to handle one.



Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: as.exchange on December 29, 2020, 06:29:05 AM
In fact this topic is my one of the favourite, therefore will address several points mentioned here, as I lived in all 3 places mentioned (USA, China (incl. HK), and Russia), and have well knowledgeable friends from all these places. FYI, I am not Chinese, if that's something you might think about.

The COVID19 has proven that the Chinese medical system is more resilient, and strong government control can take more directed and faster actions as opposed to the ones in USA which we can say more "decentralized" if you wish from the perspective that there are "checks and balances" on each stage of medical system. In Russia on the contrary it's way worse than in the U.S., I personally have married friends who were diagnosed with COVID19 and while they were in quarantine at home, their spouses (who obviously live together), didn't need to take any tests, and could easily go out from home for shopping, and afterwards were even taking some classes in large groups. But in China, even if 1 person was suspected to have COVID-like symptoms, the entire living complex would be blocked and isolated, and literally everyone would be tested and quarantined. As a result, China re-emerged from the virus faster and better than others. However, the CCP understands very well that it's disadvantageous in terms of BioTech innovation as compared to the U.S., therefore, if you have been in China recently and spoke with business community you will know that government is flooding the sector with billions of dollars and they decided to make Wuhan - the med centre of the country.

Now in China you can clearly identify:
Beijing as the political centre,
Shanghai as the centre of international business,
Shenzhen as the centre of tech (software & hardware) innovation,
Guangzhou as the centre of trade,
Hong Kong as the financial centre,
and now it will be Wuhan for life sciences and pharma.

You may like it or not, but CCP will do what it promised, because of million factors that are out of the scope of current discussion, but unlike in Russia where government is also has it's major disadvantages (including corruption), in China, having the same problems, the politicians and CCP has #1 priority - political and economic stability and wellbeing of the nation and country. Not of any single individual, businessman or minority community, but society, nation and country overall! That leads to patriotism which is not there in the USA overall (everyone got own opinion and will complain about the country's problems), and economic power which is not there in Russia (since politicians prioritise personal wellbeing over nation's).

Understanding the above, China not only launches new targeted subsidies and foreign talent acquisition programs, and Chinese from abroad repatriation schemes, but many other reforms which people who don't follow the Chinese-Chinese news (but only Chinese from Western perspective / or Chinese financed by Western) will not know.

So to conclude that part, China is surely developing super fast and many even don't notice that. But China is not yet #1 and it will take years to achieve that, and CCP understands pretty well their own problems, such as shadow banking (solving), p2p scams (solved), tech monopolies (solving), lack of true innovation but rather copy/buyout the western tech & improve (solving). Part of them hinder growth, part of them make China de-facto not able to overtake the U.S. position. But as you hear from news they are solving those part by part.

However, as was correctly mentioned - there are other, more "fundamental" issues (about minorities, different ethnic groups, etc.) and yes they do pose big risks if exploited correctly by external powers. But that's unlikely to happen in the near future, because the USSR experience was studied well and taken into consideration.

Same with Russia's chances for splitting, unlike the current Chinese leadership which puts its own interests first and above all, Russian leadership puts personal stability and interests first, and therefore has a strong power and motivation to silence and control those who pose external and uncontrolled risks to the power, therefore will not allow externalities to split the country. But if economic situation doesn't change - there might be other risks emerging very quickly internally. Besides, when Putin leaves (it will happen eventually) there might be left a huge power vacuum, which might blow the country from inside by the fight of elites, oligarchs and political opposition.

Considering the point mentioned earlier by the forum member that Chinese like to manipulate in their order, well yes and of course - isn't that reasonable? Just like USA manipulates everything towards its own favour, and even international conflicts, just like Russia does so, so will China too. Only stupid country won't do that, no?

Therefore China finances as much as possible of foreign sales markets with its own debt. It's like buying iPhone on credit - you take financing from the company to buy iPhone from Apple, and then you get the phone, but gonna repay the debt eventually. That's the soft power - lend to other nations who are happy to take that money, and if they repay debts - earn, if they don't (and most of them won't) - you dictate your own rules there.

To summarize, my opinion is that in order to evaluate the future potential success of any country, you need to assess it among 4 core dimensions only: 1) economic power, 2) military power, 3) international political power, 4) innovation. Note that most of them cannot be evaluated by 1 single metric (GDP, or R&D spending for example), but you need to consider many related and sub-measures.

USA:
1) economic power: #1, but that's under question for the future
2) military power: #1, army is indeed is the best and most advanced, but not so patriotic though
3) international political power: #1, as no conflict or international matter gets decided without USA
4) innovation: #1, both from commercial perspective and from state-level

China:
1) economic power: #2, but increasing, and now average Chinese from 1st tier city who was born in that city is way more rich than average American (Russia is not even considered here  :D)
2) military power: #3, and strongly dependent of foreign technology which CCP doesn't have solution to, yet (at least not disclosed / discussed publicly)
3) international political power: #4-5, as China doesn't get itself into every single conflict, but in 2019-2020 that's changing
4) innovation: top10 at best, which CCP tries to solve with big money being thrown here and there, but I personally believe only money will not solve it, as that's more about education, culture, etc (and you can't have great innovation which comes from diversity, and great stability and patriotism, all at the same time)

Russia:
1) economic power: top20, which is hardly imaginable to be changed any time soon, as Russia had good chances in 2000-2002, but... we know where we are now
2) military power: #2, as it indeed produces most advanced weapons and both China has to rely on it, and EU+USA have to deal with it by accelerating own spending, expanding budgets, etc. (in fact if gov would spend more on social wellbeing than on military, maybe it could be more stable and start growing too)
3) international political power: #3-4, which is achievable only due to its military power, otherwise nobody would take Russia seriously
4) innovation: not even top20, if speaking from the broad perspective, as even the Skolkovo project failed and all Russians are laughing about it (because the administrators as always just steal the budgets and "invest" in related companies which then get bankrupt (analogy with DeFis now which are hacked ;)))

In addition to the above, more numbers shared by one author (who is pro-Russian, yet seams to be objective):

Food for thoughts:

In 2020, the shares of the leaders changed as follows:
1. In world GDP (in terms of purchasing power parity) almost unchanged:
roughly, 15% for the U.S. and 20% for China (for reference, Russia, about 3%)

2. In R&D spending:
U.S. 25% (-0.2%), China 23.2% (+0.7%) (for reference, Russia 2.7% (0%))

3. In terms of the number of Nature Index first-state scientific authors:
Although the U.S. is still in the lead, China's ranking since 2012 has increased from 24% to 67% of the U.S. ranking (for reference - Russia has 4.9% of the U.S.)

4. By the number of Unicorn startups (worth more than $1 billion):
Although the share of unicorns in China (24%) is still half the share of the U.S. (48%), it is much higher than the share of third place India (5%) (for reference - Russia in 2020 has 0.6%, while previously there was a stable 0)

5. The share in the top 100 largest companies in the world:
Although the numbers change every quarter here, the U.S. remains the undisputed leader, with 54-58 places in the Top 100. China has 12-14 places (for reference - so far Russia has stable 0 places in the first hundred)

From these figures we can conclude:
- China's technological dreams in 2020 are coming true, but they will have to work hard to win this "Olympics" with the U.S. in 2030.
- Russia is left to follow the advice of its President, derived from a Chinese proverb - "imagine itself a clever monkey watching from a slide to see how the tiger fight in the valley will end"


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: 3meek on December 29, 2020, 06:47:02 AM
Over the past 20 years, China has made a significant breakthrough in economic development! I am sure that China will be able to overtake the U.S. economy... By the way, one of the theories about COVID is that it emerged just to influence the Chinese economy...


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: as.exchange on December 29, 2020, 06:51:31 AM
Over the past 20 years, China has made a significant breakthrough in economic development! I am sure that China will be able to overtake the U.S. economy... By the way, one of the theories about COVID is that it emerged just to influence the Chinese economy...

Well it could, but unfortunately or fortunately we are not in the position to know about that for sure, therefore we only can speculate on conspiracies about the origin and reason for COVID emergence.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Smartprofit on December 29, 2020, 07:21:13 AM
China has now set itself very ambitious goals.  They want to overtake the United States in the technology race. 

Most of the technology products are now manufactured in China.  However, this is not enough.  The ultimate goal is to have the majority of the world's inventions made by Chinese engineers. 

China's successes are enormous.  They are leading the way in creating CBDC - the money of the new world.  They control the bitcoin pools.  Experiments are underway to create a new, fully digitalized society.  China is a very ancient country with 5000 years of history. 

China is not inclined towards democracy.  However, he carefully copies all effective economic models.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: avikz on December 29, 2020, 07:32:27 AM
Does that mean that the 3rd world war would happen before 2028??

China becoming the financial powerhouse will pose significant challenges among its neighbors and it is a great threat to global peace! China has shown its predatory and expansionist mentality quite a few times already. All of its smaller neighbors have faced such heat and some of them have given in to immense Chinese fire power! Only Japan and India have stood its ground against Chinese which has now become a major challenge for the global trade and peace! 

I am sure US and EU will not let it happen! Even Australia is taking a stand against Chinese fire-power nowadays and hence Chinese government has stopped Coal import from Australia. Not less than 60 ships are waiting at an Anchorage point within South China Sea! India and Bangladesh have banned Chinese nationals to fly into their country. The matter will only grow worse! If this continues to happen, I am sure the world will see another world war soon!


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: as.exchange on December 29, 2020, 07:47:05 AM
China has now set itself very ambitious goals.  They want to overtake the United States in the technology race. 

Most of the technology products are now manufactured in China.  However, this is not enough.  The ultimate goal is to have the majority of the world's inventions made by Chinese engineers. 

China's successes are enormous.  They are leading the way in creating CBDC - the money of the new world.  They control the bitcoin pools.  Experiments are underway to create a new, fully digitalized society.  China is a very ancient country with 5000 years of history. 

China is not inclined towards democracy.  However, he carefully copies all effective economic models.

You are very correct. In regard to the current challenge of China too - it excelled in copying the most effective economies and businesses and improving those, but still has to learn how to innovate internally.



Does that mean that the 3rd world war would happen before 2028??

China becoming the financial powerhouse will pose significant challenges among its neighbors and it is a great threat to global peace! China has shown its predatory and expansionist mentality quite a few times already. All of its smaller neighbors have faced such heat and some of them have given in to immense Chinese fire power! Only Japan and India have stood its ground against Chinese which has now become a major challenge for the global trade and peace! 

I am sure US and EU will not let it happen! Even Australia is taking a stand against Chinese fire-power nowadays and hence Chinese government has stopped Coal import from Australia. Not less than 60 ships are waiting at an Anchorage point within South China Sea! India and Bangladesh have banned Chinese nationals to fly into their country. The matter will only grow worse! If this continues to happen, I am sure the world will see another world war soon!

I don't see WWIII happening - the thread to the entire humanity is too significant. However, I don't see how China's predatory and expansionist mentality is different from the one of US recently, and before that from UK and other EU-countries? Moreover, you probably do know that China did have democracy long time ago - it was tested, implemented and studied very well there. The result wasn't pleasant. And now we have the example of other failing democracies. Furthermore, you need to take into consideration the total population. With nearly 1.5bn. people each having all the tools for self-expression and hyping own ideas what will happen with the country?

Also as a side note, I lived in USA for several years, and in China as well. And I can personally assure you - you can come to China and you will see that you got waaaay more freedom there in terms of personal life, business, opportunities available and which you can take, what you can do, etc., etc. as compared to the U.S. Of course if you start posing thread to the security of society - you gonna get in deep troubles (same with US), but overall being a regular human - you will have much more freedom and safety.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: exstasie on December 29, 2020, 08:17:43 AM
Does that mean that the 3rd world war would happen before 2028??

China is a paper tiger. They don't have dependable allies and their military spending is a fraction of the Americans' and is technologically inferior too. China likes to flex its muscles in border disputes but they are in no position to start WWIII.

USA is not structured for a pandemic.

China is structured for a pandemic.

Sooo how long before the next pandemic.

Not a very complicated question.

My guess is a new pandemic worse than this one in under 10 years.

Why so soon? There was H1N1 in 2009, but that one was tame, and prior to that there hadn't been a global pandemic for over 4 decades. Seems like a crap shoot trying to guess when the next one will hit, but I probably wouldn't count on it in a 10-year timeline. The next one may not be that bad either.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Smartprofit on December 29, 2020, 01:56:58 PM
Does that mean that the 3rd world war would happen before 2028??

China becoming the financial powerhouse will pose significant challenges among its neighbors and it is a great threat to global peace! China has shown its predatory and expansionist mentality quite a few times already. All of its smaller neighbors have faced such heat and some of them have given in to immense Chinese fire power! Only Japan and India have stood its ground against Chinese which has now become a major challenge for the global trade and peace! 

I am sure US and EU will not let it happen! Even Australia is taking a stand against Chinese fire-power nowadays and hence Chinese government has stopped Coal import from Australia. Not less than 60 ships are waiting at an Anchorage point within South China Sea! India and Bangladesh have banned Chinese nationals to fly into their country. The matter will only grow worse! If this continues to happen, I am sure the world will see another world war soon!

A country's potential is largely determined by the number of its inhabitants.  If the country is home to over 1.5 billion people, then there will be a huge number of talented engineers, scientists, inventors and developers among them. 

Don't demonize China.  This state is headed by pragmatists, not fanatics. 

For the Chinese, war is always a strategy, not a tactic.  The Chinese religion is Buddhism. 

They are aimed at expansion, but this will be a very slow expansion.  If this is a war, then it will be a sluggish, positional war, not a blitzkrieg.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: gaston castano on December 29, 2020, 03:53:05 PM
I thought China has already overtaken the US this year, or was that just projection? I thought US gdp was around $24tr and China around $28tr or something similar (but with the 4tr+ difference).

I've seen many notable projections also about China and Russia no longer being countries by 2028 (eg splitting due to war or civil differences) which is something I think we'll see a large pressure on a split at some point (especially in china).


It's still not and the USA is still leading, but if the chart shows the same thing every year then it is possible that in the year mentioned by the OP, China will lead because the value of USA fell from last year while China rise.


https://i.postimg.cc/k4rQYd4z/GDP.png (https://postimages.org/)citizens locations (https://banks-nearme.com/citizens-bank-near-me)


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: SquallLeonhart on December 29, 2020, 04:12:31 PM
Does that mean that the 3rd world war would happen before 2028??

China becoming the financial powerhouse will pose significant challenges among its neighbors and it is a great threat to global peace! China has shown its predatory and expansionist mentality quite a few times already. All of its smaller neighbors have faced such heat and some of them have given in to immense Chinese fire power! Only Japan and India have stood its ground against Chinese which has now become a major challenge for the global trade and peace! 

I am sure US and EU will not let it happen! Even Australia is taking a stand against Chinese fire-power nowadays and hence Chinese government has stopped Coal import from Australia. Not less than 60 ships are waiting at an Anchorage point within South China Sea! India and Bangladesh have banned Chinese nationals to fly into their country. The matter will only grow worse! If this continues to happen, I am sure the world will see another world war soon!
I am not entirely sure if the world will stop China in this example. I know that whenever other nations started to attack its neighbors, world decided to stop them but most of the time it was done when it wasn't something they cared, because there was nothing they could lose.

Look at Iraq for example, USA attacked Iraq for absolutely no reason at all, they said it was because they fear there were nuclear weapons but we all know that was a lie and even President came out and said they found none, why did they attacked? Money.

They attacked Germany and were fine with it in world war 2, why? Because they didn't had any decent trade with them neither. They may or may not attack china as well, you know why they may not? Because China is way too powerful and also all those rich nations use China as their cheap labor to manufacture things for fraction of the cost, if they attack, they will not be able to get things built for cheap. So I am not sure if this will start a world war.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: DrBeer on December 29, 2020, 07:33:41 PM
Not my list but a good one that points out allot of true things.
1. Approximately 57 percent of all children in the United States are living in homes that are either considered to be either “low income” or impoverished.
2. More than 25 percent of all U.S. children have a chronic health condition that affects their ability to learn. Perhaps we should not be feeling them so much junk food.
.....

It feels like I returned to the 80s, and I listen to 1 of the 3 available TV channels in the USSR. Classic Soviet propaganda, sample of the 80s :)
One question - if everything is so bad there, everyone is stupid, everything is degrading - why is the American economy the strongest, the United States is a leader in innovation and technology development, the United States provides financial and technical assistance to half of the world, and for 80% it is a market for selling its products ?! You can fantasize a lot, but reality does not change from this :)



I was born in the USA.
I lived here most of my life.

Other than 5 years in the USA Navy.

USA is not structured for a pandemic.

China is structured for a pandemic.

Sooo how long before the next pandemic.

Not a very complicated question.

My guess is a new pandemic worse than this one in under 10 years.

I also guess freedom loving anti mask conspiracy people in the USA will not handle it any better than this one.


BTW in no way am I accusing China of creating this pandemic or the next one.
I am simply observing China is better equipped to handle one.

Please tell me - by what criteria do you assess that China coped better with the pandemic? According to official statements? I can take your idea seriously only if you have objective, real, reasoned and verifiable information. If you push away from official sources of information, then I will add a few more similar "facts" to you - for example, if you listen to official channels in Russia, then you will "know" that:
- the pandemic was invented by the insidious Americans, and everyone was infected.
- Bill Gates is at the head of the world conspiracy, especially in the field of chipping the population (of course, for control and management) and 5G from which the hair on the ass falls out, which is what the world government is striving for :)
- Bucks costs nothing, soon he will have an ass (I've heard this for 40 years :))
- America is the most unhappy and poorest country, just one advertisement is shown on TV, and 80% of Americans live in refrigerator boxes under bridges.
- The US Army is a bunch of losers who won't go to war if they don't have a hamburger and toilet paper, and a Russian soldier can eat roots and wipe his ass with a burdock - that's why he's a real soldier, and you don't have any! :)
- The Jews made even more conspiracies. They hound Russians and steal money from everyone.
- Russia is the most technologically advanced country. She, in general, invented everything. Everything - the Internet, airplanes, electricity, radio, cars, a bucket, a plug, money, water, a happy life, world equality, all physics and chemistry. And then you and the Jews stole everything ...
I can broadcast such nonsense to you for a long time to come. The same goes for official information from China. There really is less delirium, but more "beautiful pictures". I can say one thing - the death rate is hidden, total isolation under a totalitarian regime is not a problem, but not a solution for a pandemic. Such a population density and the lack of normal medical care in 75% of the territory cannot give such a fantastic result. And the facts of distortion and falsification of information by the Chinese media are enough. Do not forget that although China shows good indicators of economic growth, the country's regime remains totalitarian.



Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Twentyonepaylots on December 29, 2020, 08:37:59 PM
Even now, we're seeing the evidences of this happening in the not-so-distant future. It makes me want to believe the COVID-19 virus was just made to whittle down the world's economy and bring China to the top. All speculations aside, the numbers are there to say for themselves that China is becoming stronger and stronger by the day. And it will only be time until US gets lopped off the top.
I have already seen that news before. Covid 19 spread through china but now it looks like they have taken less crisis from this virus when the USA is still getting a hard time fighting it. This sounds like fun but now I also think that Covid is created by a chain to destroy the USA and their large economy so that they can be number one.
Poor governance really. China took the virus seriously and had placed certain parameters to ensure that their country is safe. Whereas the then president of the United States asked all of you guys to inject Lysol onto your bloodstream as it is a known disinfectant. So I wouldn't really be surprised, that even though the virus came directly from China, the disease will find its way into the US.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Sithara007 on December 30, 2020, 03:11:47 AM
I have already seen that news before. Covid 19 spread through china but now it looks like they have taken less crisis from this virus when the USA is still getting a hard time fighting it. This sounds like fun but now I also think that Covid is created by a chain to destroy the USA and their large economy so that they can be number one.

I don't want to get in to any conspiracy theories. But it is a truth that the COVID 19 pandemic had a devastating impact on all the countries apart from China. As of now, it looks like China is the only country which is not impacted from the pandemic. And this is very surprising, given the fact that the virus originated from there and it spread to the other countries after many months.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Phantomberry on December 30, 2020, 09:15:58 AM
In my opinion, China knows the coronavirus outbreak will take advantage of him. Did you see that today china has overcome the virus and other countries around the world are suffering and also the US should investigate this we don't know what happens next after this. Most of the protective equipment use to prevent the spread of the virus is made from china and I afraid the China vaccines are the only vaccine that will be worked. It is clear to say that china planned this outbreak and surely dominate the global economy.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Hydrogen on December 31, 2020, 11:02:38 PM
The ruling communist party in china insist on owning and controlling everything. They forced Jack Ma to step down as Alibaba head so they could replace him with a member of their communist party. This is their standard practice. Their largest successful enterprise usually have CCP loyalists in key leadership positions running them. Its typical for these CCP heads to be greedy and incompetent and to run the businesses they control, into the ground. Its one of the main reasons behind china's economic growth consistently falling below expectations. Its a significant obstacle they will need to overcome if they're to take america's place as a dominant economic power.

Many americans are demanding higher taxes and greater regulation on their domestic enterprise -- doing everything in their power to kill jobs and business in their own country. They believe killing thousands of jobs in their own country "won't affect them". These negative trends tend to be limited to democrat run regions like california and new york. Leading to an exodus of capitalists to right wing states like texas. Elon Musk and tesla are one example.

Being an american I hope the US wins. China has 14 of the top 30 most polluted cities in the world for a reason. Its better for everyone if they stay in their own borders.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Shasha80 on December 31, 2020, 11:39:36 PM
Therefore, many conspiracy theories have emerged that say China is the creator of COVID-19, even though the Chinese government has
officially denied it. And until now there is still no solid evidence to show that COVID-19 is a human creation. But a lot of doctors and professors
that I see on YouTube platforms say it is very likely that COVID-19 is a human creation.

Based on this information, many people compare China's current economic situation which is developing very rapidly, compared to the economies of
other countries, including America, which continues to experience crisis. Therefore in my opinion there is no need to wait for 2028 for China to take
over the global economy from America, because for me now China has become a country with the strongest economy in the world.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Sithara007 on January 01, 2021, 04:41:52 AM
In my opinion, China knows the coronavirus outbreak will take advantage of him. Did you see that today china has overcome the virus and other countries around the world are suffering and also the US should investigate this we don't know what happens next after this. Most of the protective equipment use to prevent the spread of the virus is made from china and I afraid the China vaccines are the only vaccine that will be worked. It is clear to say that china planned this outbreak and surely dominate the global economy.

I would say that this is a very real possibility. Even isolated island nations such as New Zealand and Australia are unable to prevent COVID 19 outbreaks in their country. But China (despite being such a large country, sharing border with more than a dozen nations) has somehow miraculously managed to keep the outbreak at bay. How this is possible? What have they done so that they alone are immune from the outbreak and all the other nations are suffering?


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: fahmimajannat on January 01, 2021, 04:42:53 PM
Quite possible.
Because china’s eoconomy is growing extensively. It's not impossible for china to overtake USA by 2028. But anything can happen. Because America's economy is huge. Its not impossible there is little chance for sure for china.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: jostorres on January 01, 2021, 06:53:35 PM
Therefore, many conspiracy theories have emerged that say China is the creator of COVID-19, even though the Chinese government has
officially denied it. And until now there is still no solid evidence to show that COVID-19 is a human creation. But a lot of doctors and professors
that I see on YouTube platforms say it is very likely that COVID-19 is a human creation.

Based on this information, many people compare China's current economic situation which is developing very rapidly, compared to the economies of
other countries, including America, which continues to experience crisis. Therefore in my opinion there is no need to wait for 2028 for China to take
over the global economy from America, because for me now China has become a country with the strongest economy in the world.
Whenever something happens people claim all sorts of conspiracy theories, I do not really give any damn about which one says what, however covid could logically be man made without any bad intention as well. I am not saying it is, but NOBODY talks about that and that is a bit weird to me, I believe it was a natural disaster like every other logical human thinks, and I believe all those who say it was man made to either kill some people, or save the planet, or get china richer, whatever the reason they had, I do not believe them.

But I haven't seen a single person say that maybe it was some experiment to get people better, experiment for vaccination of sars or whatever, and scientists were working on things and had a thousand different things, and one of them mistakenly didn't covered themselves carefully and got a new strain? That sounds more possible than nations spreading virus knowingly to be fair, still do not think that is the case, but I think it is still quite decent.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: create_crypto on January 02, 2021, 01:53:51 PM
I thought China has already overtaken the US this year, or was that just projection? I thought US gdp was around $24tr and China around $28tr or something similar (but with the 4tr+ difference).

I've seen many notable projections also about China and Russia no longer being countries by 2028 (eg splitting due to war or civil differences) which is something I think we'll see a large pressure on a split at some point (especially in china).

You right, it is already happened last 2 years. They leading now by GDP by PPP more than 18% already.

https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locations=CN-US


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: create_crypto on January 02, 2021, 02:04:41 PM
Does that mean that the 3rd world war would happen before 2028??

China becoming the financial powerhouse will pose significant challenges among its neighbors and it is a great threat to global peace! China has shown its predatory and expansionist mentality quite a few times already. All of its smaller neighbors have faced such heat and some of them have given in to immense Chinese fire power! Only Japan and India have stood its ground against Chinese which has now become a major challenge for the global trade and peace!  

I am sure US and EU will not let it happen! Even Australia is taking a stand against Chinese fire-power nowadays and hence Chinese government has stopped Coal import from Australia. Not less than 60 ships are waiting at an Anchorage point within South China Sea! India and Bangladesh have banned Chinese nationals to fly into their country. The matter will only grow worse! If this continues to happen, I am sure the world will see another world war soon!

A country's potential is largely determined by the number of its inhabitants.  If the country is home to over 1.5 billion people, then there will be a huge number of talented engineers, scientists, inventors and developers among them.  

Don't demonize China.  This state is headed by pragmatists, not fanatics.  

For the Chinese, war is always a strategy, not a tactic.  The Chinese religion is Buddhism.  

They are aimed at expansion, but this will be a very slow expansion.  If this is a war, then it will be a sluggish, positional war, not a blitzkrieg.

You right, China have a very good system to let much more talanded and educated people to rule the country. For example, mayors of a city must learn ecomony, management and simtimes engeneering or politics completly ended educations for manage the city, So he must learn up to 12 years.

Even Elon Musk said, that for him was very easy or much more easy to find understanding with politicians and managers in China than in US.
He said, that they completly understand all of him. But he can`t find understanding with US govenment (including problem of AI), he even tryed to convice US governors on the Governor Confenece. Than Musk said about: "no one listening me."


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: wxa7115 on January 02, 2021, 07:46:45 PM
Lol. What is up with these Chinese dominance threads these days? China overtaking USA? Absolute nonsense. Russia seems to have better chances in this regard though USA is still miles ahead in so many ways when compared to both countries in my opinion.

COVID-19 has affected all countries and a pandemic won't change the power rankings that easily. The American language, universities, culture, economy etc are far superior when compared to China or Russia.

People have made many similar assumptions in the past, but nothing clearly changed and it will probably stay the same for a long time in the future.
That prediction is only about China surpassing the US when it comes to the size of their economies, once that happens the rest follows but it takes a lot of time, so unless you are young you should not expect it to see during your lifetime.

There are going to be many examples of this, now most people learn the English language in order to conduct business all over the world but I will not be surprised that in a  few decades this tendency changes and people make an effort instead to learn Standard Chinese instead.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Harlot on January 02, 2021, 08:00:49 PM
I have a big doubt with this, already half of the world or at least most of the develop countries are blaming China when it comes to the spread of the pandemic and China didn't respond well to that after that news we have seen news about factories from other countries such as Japan pulling out their operations from China as a response for what happened. If countries like this start and ask their big companies as well as support them I think they can counter China's growth in being into the top country when it comes to economy.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Argoo on April 12, 2021, 06:42:57 AM
I have a big doubt with this, already half of the world or at least most of the develop countries are blaming China when it comes to the spread of the pandemic and China didn't respond well to that after that news we have seen news about factories from other countries such as Japan pulling out their operations from China as a response for what happened. If countries like this start and ask their big companies as well as support them I think they can counter China's growth in being into the top country when it comes to economy.
So far, everything goes to the point that China will soon overtake the United States in economic development. China's economy is growing very quickly and all world states are already seeing this. To prevent China from crushing them one by one, they will be forced to unite and their success will depend on how quickly and clearly they can do it. However, at the same time, each state has a number of its own personal interests and therefore it will be very difficult for them to negotiate.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Kong Hey Pakboy on April 12, 2021, 07:08:20 AM
If they continue their expansion in African continent and their New Silk Road, then they might be able to take over as the top economy in the world. They currently have a lot of mega tech cities and I think that is a symbol that they are advancing, but we can't ignore the fact that this campaign of taking over the world economy is going to crush a lot of human rights which is China is notorious of.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: bitterguy28 on April 12, 2021, 09:33:28 AM
That's too early to tell because Now with New president there might be a good future US economy will recover and i am still believing on that.
With Biden administration there will be a future.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Kittygalore on April 12, 2021, 10:39:54 AM
I believe that China can do it since they have all the industries covered, from indebting third world countries with a debt trap, concentration camp of Uyghurs for slave labor and Falun Gong organ harvesting to name a few. I think that China is going to really top US in terms of GDP in years and who knows, we might be able to see more human rights violation.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Vishnu.Reang on April 12, 2021, 01:12:39 PM
I would not be surprised if it becomes a reality that China will dominate the global economy in 2028, because China looks ready to face this pandemic.
Although there are many conspiracy theories supporting China providing false data regarding COVID-19 victims, but China's economic recovery is
proving very fast. In fact, I predict China will catch up with the American economy before 2028. I saw that China seems to be focused on being the best
in the economic sector.

I won't be surprised if that happens sooner than that. The American population is getting less and less productive, due to rising tax rates and an increase in illegal immigration. The immigration system in the US is quite strange, as it gives preference to unskilled labor, against highly skilled individuals. Farm workers and other blue collar laborers can easily immigrate to the US, but someone with 10 years of experience in aeronautics or engineering needs to wait for 10-15 years to get an opportunity to immigrate. On the other hand, China is not encouraging such behavior. They allow only a small number of migrants, and only those with the topmost skill level are able to migrate to China. 


Title: Re: Trung Quốc để vượt Mỹ trở thành nền kinh tế toàn cầu lớn nhất vào năm 2028?
Post by: ilovealtcoins on April 12, 2021, 01:15:06 PM
China has grown rapidly since 1980. They have been proactive in most economic activities, China has made great achievements in its economy and when we look at its growth chart we will not be surprised. because of their speed.
America is rich, but it has different internal problems. The last pandemic has shown that the US did not do well and adversely affected economic activities. That's also something other Europeans can't do. China has curbed the pandemic well and brought economic activity back on.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Kamarah on April 12, 2021, 02:25:42 PM
America and China are developed countries and have economic strengths. But if you think China will overcome the US to become the global largest economy in 2028 it is a very difficult thing. The too long time can have many changes. America is heavily influenced by the translation of Covid19, the US is gradually restoring the economy.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: palle11 on April 12, 2021, 02:46:21 PM
I think that China is going to really top US in terms of GDP in years and who knows, we might be able to see more human rights violation.

Which country are you fingering for human right violation? I don't expect you referring to America because they have a court system that check against that. We know America is referred to as the largest democratic national and that is because of her democratic structures.
On the other way too, the Chinese are really going into manufacturing in max and trying to conquer the market but K still don't see them taking over from American whose feet us already on the ground. They are leaving the memory of covid-19 behind as they giving aid to families which is good to restart the economy.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: justdimin on April 13, 2021, 07:40:22 PM
It is a different situation, it is a weird situation. In one side we have the nation with the worst capitalist liberal ideas with USA where if you need insulin you need to pay 300 dollars per month to survive or you will be dead, countless people died because they couldn't afford their insulin, and military budget is 750+ billion dollars in that nation, way less that insulin purchases made in a year, and they are living the most ruthless capitalist system in the world.

On the other side we have a communist dictatorship where even if you say something bad about CCP that would mean that you are going to end up being either jailed or killed, and they are using inhumane conditions to grow in economy, making people at the top rich while others still bottom feed. So honestly there is no winners here, both nations are horrible at what they do and proof that left or right politics doesn't matter when it is bad, it is bad.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: DigitalFox on April 13, 2021, 09:32:27 PM
I believe that will happen a bit sooner than 2028. Looking at things over last 5-6 years I guess it might happen by 2025, if not sooner.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: SaiyanSS3 on April 13, 2021, 09:40:41 PM
By 2028, even monkey has overtake the US, monkey is ruling the world.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Dusang1998 on April 20, 2021, 01:40:05 PM
             TWO ECONOMICS
The corona virus pandemic and it's economic fallout will help china rise past the US to become the world's largest economy, a new report shows. Beijing is now expected to overtake the US by 2028, as opposed to 2033, a UK think tank said in its letest report.
     
                   2028
''We expect the United States' share of the global GDP to decline from 2021 onwards, and for the country to eventually be overtaken by China as the world's largest economy,'' the Centre for Economic and Business Research (CEBR) said in an annual report released on Saturday.
''We now expect this to happen in 2028 five years sooner than in the previous edition of the WELT, '' referring to the think tank's Would Economic League Table, witch measures countries'   economic performance.

        China was 'skillful' with the pandemic

The quickened pace has been attributed to the defference between Beijing and Washington's response to the corona virus pandemic and the recovery that followed. The report hailed China's ''skillful management of the pandemic,'' where an early lockdown kept the numbers under control.

The report added that the Us would aslo see a strong post-pandemic rebound in the coming year, but its growth would allow down to 1.9% and 1.6% over the years that follow.

                WHAT IT IS?
China on the other hand is headed for an average growth rate of 5.7% a year from 2021 till 2025. Between 2026 and 2030, it is expected to slow down to 4.5% a year.

 Japan is expected to remain the third-largest economy until the early 2030s, when India could overtake it, pushing Germany to the fifth spot.

      What is your experiences, for more information: https://www.[Suspicious link removed]s/amp.dw.com/en/china-to-overtake-us-as-largest-global-economy-by-2028-report/a-56061395
well its something we all know will happen, Americans cant be best in everything.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Dusang1998 on April 20, 2021, 01:41:19 PM
In my opinion, China knows the coronavirus outbreak will take advantage of him. Did you see that today china has overcome the virus and other countries around the world are suffering and also the US should investigate this we don't know what happens next after this. Most of the protective equipment use to prevent the spread of the virus is made from china and I afraid the China vaccines are the only vaccine that will be worked. It is clear to say that china planned this outbreak and surely dominate the global economy.

I would say that this is a very real possibility. Even isolated island nations such as New Zealand and Australia are unable to prevent COVID 19 outbreaks in their country. But China (despite being such a large country, sharing border with more than a dozen nations) has somehow miraculously managed to keep the outbreak at bay. How this is possible? What have they done so that they alone are immune from the outbreak and all the other nations are suffering?
we need to learn much from them.


Title: Re: Trung Quốc để vượt Mỹ trở thành nền kinh tế toàn cầu lớn nhất vào năm 2028?
Post by: Dusang1998 on April 20, 2021, 01:44:53 PM
China has grown rapidly since 1980. They have been proactive in most economic activities, China has made great achievements in its economy and when we look at its growth chart we will not be surprised. because of their speed.
America is rich, but it has different internal problems. The last pandemic has shown that the US did not do well and adversely affected economic activities. That's also something other Europeans can't do. China has curbed the pandemic well and brought economic activity back on.
China deserve to be on top, they worked their ass off. hope they will grow more


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: sapnu on April 20, 2021, 02:38:04 PM
In terms of being strategic, China is definitely at the very top. Not only with the way they handled the pandemic but also the way they have sown business firms in different countries all over the world. Even in terms of territory, they seemed to be unbothered even when a certain country is already protesting against them and I think that is because of the military strength they possess. They know that if ever a war sparks out, they can win and outnumber any military forces not unless some other countries would interfere. They know what to do to secure their future and they are not skipping even the little steps they need to take that's why there will always be a high possibility that they will overtake US in the near future.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: geegaw on April 20, 2021, 03:29:28 PM
In terms of being strategic, China is definitely at the very top. Not only with the way they handled the pandemic but also the way they have sown business firms in different countries all over the world. Even in terms of territory, they seemed to be unbothered even when a certain country is already protesting against them and I think that is because of the military strength they possess. They know that if ever a war sparks out, they can win and outnumber any military forces not unless some other countries would interfere. They know what to do to secure their future and they are not skipping even the little steps they need to take that's why there will always be a high possibility that they will overtake US in the near future.
You seem to be raising China's reputation and despising the largest military and financial country like the United States. Great ambitions and strategies for the economy and making an impact on other countries is what I agree to say about China, but the United States is not weak in these matters, they understand China's power, and by longstanding relationships, the United States is gradually dismissing Chinese influences and imposing greater economic and military pressures, they are truly successful and this is a huge wall that China is difficult to overcome


Title: Re: Trung Quốc để vượt Mỹ trở thành nền kinh tế toàn cầu lớn nhất vào năm 2028?
Post by: Sithara007 on April 21, 2021, 04:32:32 AM
China deserve to be on top, they worked their ass off. hope they will grow more

Agreed. Being a democracy as its own advantages and disadvantages. And similarly, being a dictatorship also has it's own merits and demerits. In the US, the political parties need to take a populist stance on issues such as welfare and medicare, because if they don't do that then they will lose the elections. The regime in China doesn't need to worry about elections. They can just do whatever needed for the greater well being of the country, without worrying about the electoral outcome. On top of that, the Americans are wasting trillions of USD every year by invading and bombing third world countries. The Chinese are intelligent and they never go for direct warfare. They always opt for proxy warfare, which costs hardly anything.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Xinarae* on April 21, 2021, 04:47:49 AM
Huge changes are taking place in the world economy china will overtake the United States to become the world's largest economy with the United States and china battling for power in a situation where the coronavirus has infected the world. At the same time, overcoming the economic crisis depends on the rate of release of coronavirus infection between the two countries the coronavirus infection and the economic situation associated with it have reportedly completely benefited china. Skillful management’ has helped improve China’s economic infrastructure even in the midst of global hype china is much more advanced in both aspects of politics.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Lorence.xD on April 21, 2021, 06:48:37 AM
Huge changes are taking place in the world economy china will overtake the United States to become the world's largest economy with the United States and china battling for power in a situation where the coronavirus has infected the world. At the same time, overcoming the economic crisis depends on the rate of release of coronavirus infection between the two countries the coronavirus infection and the economic situation associated with it have reportedly completely benefited china. Skillful management’ has helped improve China’s economic infrastructure even in the midst of global hype china is much more advanced in both aspects of politics.
If China's growth continues and their New Silk Road and money trap continues, I am pretty sure that they are going to take over the 1st place in the global economy but one thing that irks me is that they still have a closed market so I think that they are not going to sustain that growth if they continue doing that.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: bryant.coleman on April 21, 2021, 07:19:04 AM
If China's growth continues and their New Silk Road and money trap continues, I am pretty sure that they are going to take over the 1st place in the global economy but one thing that irks me is that they still have a closed market so I think that they are not going to sustain that growth if they continue doing that.

What sort of money trap your are talking about? Western countries have exploited developing nations for so long, by providing loans with extremely exploitative terms. China on the other hand, has more relaxed terms and low interest rates. I see a lot of Westerner's complaining about the "Chinese debt trap". But they have no moral highground to say this, when their own countries were the first to use this strategy. Now they are complaining because the poorer nations have got a better choice.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Lorence.xD on April 21, 2021, 11:58:54 AM
~

What sort of money trap your are talking about? Western countries have exploited developing nations for so long, by providing loans with extremely exploitative terms. China on the other hand, has more relaxed terms and low interest rates. I see a lot of Westerner's complaining about the "Chinese debt trap". But they have no moral highground to say this, when their own countries were the first to use this strategy. Now they are complaining because the poorer nations have got a better choice.
Oh yeah I forgot that, the money trap that I am talking about is the one where China offers a really generous debt to developing countries like Sri Lanka and Papua New Guinea, the catch is that they will only use companies from China to build the infrastructure and have half of the workforce there Chinese and most of the debts given can't be paid by the developing country so China takes a part or takes the land where the infrastructure was built so basically they conquered a small land by drowning them in debt.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Vishnu.Reang on April 21, 2021, 01:21:28 PM
Oh yeah I forgot that, the money trap that I am talking about is the one where China offers a really generous debt to developing countries like Sri Lanka and Papua New Guinea, the catch is that they will only use companies from China to build the infrastructure and have half of the workforce there Chinese and most of the debts given can't be paid by the developing country so China takes a part or takes the land where the infrastructure was built so basically they conquered a small land by drowning them in debt.

The fact is that the poor nations have no other option. They can't get loans from the Western nations, because these nations are themselves knee-deep in debt. China seems to be the only country with surplus money. So if a poor nation wants to build a railway line or airport, taking a loan form China seems to be the only option. All that said, I don't think that the Western nations are any better than the Chinese. A perfect example is the 1998–2002 Argentine great depression. Western agencies forced the Argentine government to agree to a lot of unfair terms when they defaulted. The same happened a decade ago, with Cyprus.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Snappycoco on April 21, 2021, 03:22:40 PM
It is not unexpected due to the fact that China's aggressions on expanding their territory would really give them a big impact in their GDP. I also learned about the Million of dollars worth of untouched oil reserves in West Philippines Sea where China could mine illegally.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: iv4n on April 25, 2021, 08:07:32 AM
Oh yeah I forgot that, the money trap that I am talking about is the one where China offers a really generous debt to developing countries like Sri Lanka and Papua New Guinea, the catch is that they will only use companies from China to build the infrastructure and have half of the workforce there Chinese and most of the debts given can't be paid by the developing country so China takes a part or takes the land where the infrastructure was built so basically they conquered a small land by drowning them in debt.

The fact is that the poor nations have no other option. They can't get loans from the Western nations, because these nations are themselves knee-deep in debt. China seems to be the only country with surplus money. So if a poor nation wants to build a railway line or airport, taking a loan form China seems to be the only option. All that said, I don't think that the Western nations are any better than the Chinese. A perfect example is the 1998–2002 Argentine great depression. Western agencies forced the Argentine government to agree to a lot of unfair terms when they defaulted. The same happened a decade ago, with Cyprus.

This is happening in my country too! Chinese companies are investing a lot, they are giving credits for big infrastructural projects... of course, their companies are working on them!
I am not sure what to say is there some other option or not... I believe the main role here plays money, like always! But that money ends up in politician pockets, and of course, Chinese companies are earning too, while we are just slaves that work for minimal wages in unconditional metal boxes! 
Money rules everywhere, and the Chinese are full of it! So they are going around the world, pushing whatever they can push! It's not like they are first who are doing that, and probably not the last one! But sadly there's so little for little man, like always!


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Obito on April 25, 2021, 09:56:46 AM
They have an aggressive expansion in the South China Sea so I think that they are definitely going to get ahead of US in terms of economy, they also have the cooperation with a lot of African countries and they have a really good deal on this one because the money that they lend to these countries don't go out of China's hands because they employ Chinese companies to do the work in these countries.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Golftech on April 25, 2021, 10:11:33 AM
They have an aggressive expansion in the South China Sea so I think that they are definitely going to get ahead of US in terms of economy, they also have the cooperation with a lot of African countries and they have a really good deal on this one because the money that they lend to these countries don't go out of China's hands because they employ Chinese companies to do the work in these countries.

The aggresiveness of reaching the tops spot, that's how china works they wanted

it so much and with the fruits coming from those investment and lend money that

they bring from each sides of the world it's near to its successions, China already

gained attentions from every financial sectors all over the world,


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Gaaara on April 25, 2021, 10:18:51 AM
China expands its business and their industries are economy focused which caused some ecology conflict, China's business are focused on rendering money and if their environment just gets worse for advancing their economy then I don't see them going through all those years before 2028 without having any difficulties; another thing is that China are more interested on A.I. and Robotics while U.S. are retain advancing Space knowledge, from business perspective A.I. and Robotics costs a lot less than Space projects.

U.S. suffered from Covid which creates the big difference between their economy, but once U.S. recovered they can regain their loss.


Title: Re: Trung Quốc để vượt Mỹ trở thành nền kinh tế toàn cầu lớn nhất vào năm 2028?
Post by: virasog on April 25, 2021, 10:42:29 AM
China has grown rapidly since 1980. They have been proactive in most economic activities, China has made great achievements in its economy and when we look at its growth chart we will not be surprised. because of their speed.
America is rich, but it has different internal problems. The last pandemic has shown that the US did not do well and adversely affected economic activities. That's also something other Europeans can't do. China has curbed the pandemic well and brought economic activity back on.
China deserve to be on top, they worked their ass off. hope they will grow more

As the US dollar will become weak, the US power will also become weaker and the only country which have the capability to become he world super power is China. The only disadvantage china has is that it is surrounded by countries who do not like the existence of china like India, Israel etc. China will have to tackle this with good strategy and do not involve themselves in any sort of war with its neighboring countries.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Obito on April 25, 2021, 11:22:42 AM
~snip
The aggresiveness of reaching the tops spot, that's how china works they wanted

it so much and with the fruits coming from those investment and lend money that

they bring from each sides of the world it's near to its successions, China already

gained attentions from every financial sectors all over the world,
Well, with a lot of crimes against humanity that China has done and still unanswered as of this day, I am sure that it is enough to gain the attention of the world. I don't like that they are aggressive with their expansion because they are bullying other countries into submitting to their will, although I am impressed, I am wishing that their plan meets an ill fate.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Koro-Sensei on April 25, 2021, 11:26:55 AM
No doubt they would. They are invading other countries natural resources, they sell original as well as fake products, all kind of shits are already there and they are selling it to the world. Who could fight that kind of strong manpower unless sanctions are applied due to their greediness, no country could match their economic growth.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Vishnu.Reang on April 25, 2021, 12:25:08 PM
No doubt they would. They are invading other countries natural resources, they sell original as well as fake products, all kind of shits are already there and they are selling it to the world. Who could fight that kind of strong manpower unless sanctions are applied due to their greediness, no country could match their economic growth.

China is a country of 1.4 billion people and no other country can compete with them in terms of raw manpower. And also, China is not a country which is sinking in federal debt (unlike the case with the United States and most of the European countries). This means that they have the resources to make investments in other countries. Obviously for the third world nations in Africa and South Asia, the funds offered by China looks like a very attractive option.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Kakmakr on April 25, 2021, 08:14:21 PM
You know..... The US debt is slowly but surely ..sucking out the live blood out of the US economy. The focus is not on creating jobs and retaining those jobs... but just to stimulate the economy with the printing of toilet paper money. On the other hand... the Americans are at their strongest, with their backs to the wall... and you cannot take that away from them. (Look what happened after 911 and all the natural disasters that hit them)

I honestly think they will bounce back, but they will lose their global hold as the reserve currency for a lot of nations. Governments will lose faith in the US Dollar and the US will have to fight to get it back. (It is also possible that the new Chinese Govcoin might be the next Bitcoin)  :(


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: bryant.coleman on April 26, 2021, 04:42:35 AM
You know..... The US debt is slowly but surely ..sucking out the live blood out of the US economy. The focus is not on creating jobs and retaining those jobs... but just to stimulate the economy with the printing of toilet paper money. On the other hand... the Americans are at their strongest, with their backs to the wall... and you cannot take that away from them. (Look what happened after 911 and all the natural disasters that hit them)

I honestly think they will bounce back, but they will lose their global hold as the reserve currency for a lot of nations. Governments will lose faith in the US Dollar and the US will have to fight to get it back. (It is also possible that the new Chinese Govcoin might be the next Bitcoin)  :(

With the election of Socialists back to power, the US will just speed up its slide towards economic collapse. Already there are talks about increasing the long term capital gains tax to as much as 60%, and hiking the corporate tax. Another major war (similar to the ones they had in Iraq and Afghanistan) will cost the United States another 2-3 trillion USD and that will destroy the economy completely. Actually I am surprised that China hasn't overtaken the US yet in terms of GDP.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: jayminho on April 26, 2021, 01:31:18 PM
isn't china #1 already ? 


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Koro-Sensei on April 26, 2021, 02:23:03 PM
No doubt they would. They are invading other countries natural resources, they sell original as well as fake products, all kind of shits are already there and they are selling it to the world. Who could fight that kind of strong manpower unless sanctions are applied due to their greediness, no country could match their economic growth.

China is a country of 1.4 billion people and no other country can compete with them in terms of raw manpower. And also, China is not a country which is sinking in federal debt (unlike the case with the United States and most of the European countries). This means that they have the resources to make investments in other countries. Obviously for the third world nations in Africa and South Asia, the funds offered by China looks like a very attractive option.
And by that, these 3rd World Countries are slowly selling off their country. I saw this conspiracy theory where China is slowly invading the world by lending or even by having a transaction with them. However, United States is not doing great these days due to the fact that their citizens have too much democracy and that makes their country slowly falling apart.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: carlisle1 on April 26, 2021, 02:39:27 PM
And by that, these 3rd World Countries are slowly selling off their country. I saw this conspiracy theory where China is slowly invading the world by lending or even by having a transaction with them. However, United States is not doing great these days due to the fact that their citizens have too much democracy and that makes their country slowly falling apart.
Not conspiracy but strategy in terms of economical expansions. China's desire to reach the top is slowly showing great success.

Sooner or later we will notice that this competitions between this two giant will come face to face, the pride of US might be there  but it will hard
now for them to show their supremacy as China really made it well and expand their capabilities.

Seems that not just economic but also in terms of military they are challenging US in the case of South China Sea.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Mauser on April 26, 2021, 02:46:39 PM
isn't china #1 already ? 


No, why would they be? China is heavily depending on exports. Once they are getting close to surpass USA and Europe there will likely be a shift against cheap production from China. China can only grow if the world is helping them by buying their products. Once there is a harder stand against the expansionary foreign policy of china against their neighbours we will likely see lower growth rates.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: k@suy on April 26, 2021, 05:11:28 PM

Not conspiracy but strategy in terms of economical expansions. China's desire to reach the top is slowly showing great success.

Sooner or later we will notice that this competitions between this two giant will come face to face, the pride of US might be there  but it will hard
now for them to show their supremacy as China really made it well and expand their capabilities.

Seems that not just economic but also in terms of military they are challenging US in the case of South China Sea.


As what we all have observe, China has a great manpower due to having a large population all over the world that is why China was now doing great in economic success. And I guess it is not a secret that the agenda of China for this great success was also to be on top of the progressive country in whole world, struggling yes but strategic plan was amazing and that made China where it was now. I am not a Chinese people but I do saw a progress of that nation.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Sithara007 on April 27, 2021, 04:18:15 AM
No, why would they be? China is heavily depending on exports. Once they are getting close to surpass USA and Europe there will likely be a shift against cheap production from China. China can only grow if the world is helping them by buying their products. Once there is a harder stand against the expansionary foreign policy of china against their neighbours we will likely see lower growth rates.

China has paid special attention to the quality during the past decade. They are no longer solely dependent on producing the cheap products but there are brands such as Huawei and Xiaomi that are producing high quality and technologically advanced electronic products. They are now trying to ensure the quality for their products, while maintaining the affordability. Both are important. The vast majority of the world's population can't afford products from Japan or the US, because they are too expensive.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: target on April 27, 2021, 04:36:08 AM
I thought China has already overtaken the US this year, or was that just projection? I thought US gdp was around $24tr and China around $28tr or something similar (but with the 4tr+ difference).

I've seen many notable projections also about China and Russia no longer being countries by 2028 (eg splitting due to war or civil differences) which is something I think we'll see a large pressure on a split at some point (especially in china).

I thought so too because popular financial individuals are often talking on TV about the spectacular growth of China's economy that they are ahead already. But one that they obviously agreed is that all products we have been buying now are from China and the technology they have is more advance. They even have their own version of Tesla cars.

Handling corona19 just made them ahead of time and have been developing the CBDC which they could contest the USD as currency reserve as they prophesized.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: slapper on April 27, 2021, 05:00:21 AM
isn't china #1 already ? 


No, why would they be? China is heavily depending on exports. Once they are getting close to surpass USA and Europe there will likely be a shift against cheap production from China. China can only grow if the world is helping them by buying their products. Once there is a harder stand against the expansionary foreign policy of china against their neighbours we will likely see lower growth rates.
That is why this country has started to target third-world countries and the middle east (excluding India). Many arrangements have been made so as to increase the exports and also for future purposes. They see that the US international regulations and sanctions weakened them and force the allies to stop trading with China

They are looking for new markets in Africa and UAE, too. Russia remains its supporters for many years.

Even though I do not like China, I have to admit that they are really really good at controlling society with more than 2 billion citizens. There have been many achievements so far and the level of developments are outstanding


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Kittygalore on April 27, 2021, 05:18:16 AM
~

Which country are you fingering for human right violation? I don't expect you referring to America because they have a court system that check against that. We know America is referred to as the largest democratic national and that is because of her democratic structures.
On the other way too, the Chinese are really going into manufacturing in max and trying to conquer the market but K still don't see them taking over from American whose feet us already on the ground. They are leaving the memory of covid-19 behind as they giving aid to families which is good to restart the economy.
Well, both of them have a lot of human rights violation, let me list some of that I know from both sides. US is responsible for Nisour Square Massacre, Selling Cocaine to fund Contra Rebels in Nicaragua, Backing Dictators in a lot of countries because of Red Fear, Guantanamo Files, Chicago Blacksite and MK-Ultra. For China, Great Leap Forward that resulted to Famine, Tiananmen Square Massacre, Falun Gong Forced Organ Harvest, Uighur Concentration Camp and Great Firewall of China.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Vishnu.Reang on April 27, 2021, 05:27:50 AM
I thought so too because popular financial individuals are often talking on TV about the spectacular growth of China's economy that they are ahead already. But one that they obviously agreed is that all products we have been buying now are from China and the technology they have is more advance. They even have their own version of Tesla cars.

Handling corona19 just made them ahead of time and have been developing the CBDC which they could contest the USD as currency reserve as they prophesized.

China has the perfect combination of zero red tape, affordable labor and low taxes. No other country has this combination. Take the case of US for example. The taxes are moderate, and red tape is absent. But the labor is very expensive. Now take the case of some country like India. Here the taxes are low, and the labor is more affordable when compared to China. But red tape is a major issue and the companies don't want to invest in that country because of this reason. This situation is unlikely to change in the next one or two decades.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: killerfrost on April 27, 2021, 05:50:51 AM
And now I see a lot of powerful people who have been commenting that the rise of the East, I fully support the arguments in the above article. Do not know if people learn about the upper silk road that China is building and there are many factors that show that they will rise strongly in the future, forecasting China's economic position will American replacement is an understandable thing.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: bryant.coleman on April 27, 2021, 06:17:28 AM
And now I see a lot of powerful people who have been commenting that the rise of the East, I fully support the arguments in the above article. Do not know if people learn about the upper silk road that China is building and there are many factors that show that they will rise strongly in the future, forecasting China's economic position will American replacement is an understandable thing.

The difference is that China is spending its money on building various infrastructural projects all over the world, while the Western nations are wasting their money on useless wars and conflicts. For example, China has allotted a total of $900 billion for the new Silk Road initiative. On the other hand, the US spent $2 trillion on the war in Iraq alone. The government preferences are very different in both China and the US. Now the Westerners are just jealous that China has managed its money in a better way.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Koro-Sensei on April 27, 2021, 11:55:21 AM
And by that, these 3rd World Countries are slowly selling off their country. I saw this conspiracy theory where China is slowly invading the world by lending or even by having a transaction with them. However, United States is not doing great these days due to the fact that their citizens have too much democracy and that makes their country slowly falling apart.
Not conspiracy but strategy in terms of economical expansions. China's desire to reach the top is slowly showing great success.

Sooner or later we will notice that this competitions between this two giant will come face to face, the pride of US might be there  but it will hard
now for them to show their supremacy as China really made it well and expand their capabilities.

Seems that not just economic but also in terms of military they are challenging US in the case of South China Sea.

And when that day comes, I believe that most humans will not survive. Bombs will probably be our breakfasts and nuclears reactions are our snacks. I feel bad for us 3rd country who have nothing else to do but to fight this giant China barehandedly or with swords. lol.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: bitgolden on April 27, 2021, 08:34:48 PM
The difference is that China is spending its money on building various infrastructural projects all over the world, while the Western nations are wasting their money on useless wars and conflicts. For example, China has allotted a total of $900 billion for the new Silk Road initiative. On the other hand, the US spent $2 trillion on the war in Iraq alone. The government preferences are very different in both China and the US. Now the Westerners are just jealous that China has managed its money in a better way.
The difference is China is building stuff that will grow the nation because in the end the ones that will profit from it in the end will be CCP, remember every company in that nation is 50% owned by them, it is a dictatorship, which means if they spend 900 billion dollars for a new silk road and they make trillions of dollars from it, most of that money will go towards CCP anyway, so they are making themselves rich.

This situation is not ideal, even though it helps certain people as well, not like ONLY one will be CCP, but it is mostly them, yet there will be some companies that will profit from it as well. Comparing it to USA that is not good neither, they spent 2 trillion on war in Iraq because politicians get votes and bribes, so they do what works for them, and that is why I think they are not spending on good of the people but good of rich people who bribes them. Both of them are not doing it for the good of the people, different scenarios, same outcome.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: bryant.coleman on April 28, 2021, 01:59:01 PM
The difference is that China is spending its money on building various infrastructural projects all over the world, while the Western nations are wasting their money on useless wars and conflicts. For example, China has allotted a total of $900 billion for the new Silk Road initiative. On the other hand, the US spent $2 trillion on the war in Iraq alone. The government preferences are very different in both China and the US. Now the Westerners are just jealous that China has managed its money in a better way.
The difference is China is building stuff that will grow the nation because in the end the ones that will profit from it in the end will be CCP, remember every company in that nation is 50% owned by them, it is a dictatorship, which means if they spend 900 billion dollars for a new silk road and they make trillions of dollars from it, most of that money will go towards CCP anyway, so they are making themselves rich.

Developing nations need loans and help from the richer nations and that is what China is doing now. And no one does anything for free, and it is applicable for the Western nations as well. When countries such as US and UK give out loans to poorer nations, they keep even more exploitative terms and conditions. Well.. these days they are not doing that, because they no longer have any surplus cash. Poorer countries in Africa and Asia view Chinese projects as mutually beneficial. The Chinese are helping them with large-scale infrastructure projects, which would otherwise be impossible to complete by these countries.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Betwrong on April 28, 2021, 02:33:01 PM
No, why would they be? China is heavily depending on exports. Once they are getting close to surpass USA and Europe there will likely be a shift against cheap production from China. China can only grow if the world is helping them by buying their products. Once there is a harder stand against the expansionary foreign policy of china against their neighbours we will likely see lower growth rates.

China has paid special attention to the quality during the past decade. They are no longer solely dependent on producing the cheap products but there are brands such as Huawei and Xiaomi that are producing high quality and technologically advanced electronic products. They are now trying to ensure the quality for their products, while maintaining the affordability. Both are important. The vast majority of the world's population can't afford products from Japan or the US, because they are too expensive.

I don't know about Japan, but I believe the vast majority of U.S. residents are relying on Chinese products on a daily basis. And I agree, the notion that everything from China is of bad quality is outdated. BUT, I wouldn't go so far as saying that China could "overtake" the US or any other economy. With very rare exceptions, we are living in a big family now, and all big economies are interdependent. Economies are no longer competing, rather they are helping each other to grow.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: geegaw on April 28, 2021, 02:49:43 PM
No, why would they be? China is heavily depending on exports. Once they are getting close to surpass USA and Europe there will likely be a shift against cheap production from China. China can only grow if the world is helping them by buying their products. Once there is a harder stand against the expansionary foreign policy of china against their neighbours we will likely see lower growth rates.

China has paid special attention to the quality during the past decade. They are no longer solely dependent on producing the cheap products but there are brands such as Huawei and Xiaomi that are producing high quality and technologically advanced electronic products. They are now trying to ensure the quality for their products, while maintaining the affordability. Both are important. The vast majority of the world's population can't afford products from Japan or the US, because they are too expensive.

I don't know about Japan, but I believe the vast majority of U.S. residents are relying on Chinese products on a daily basis. And I agree, the notion that everything from China is of bad quality is outdated. BUT, I wouldn't go so far as saying that China could "overtake" the US or any other economy. With very rare exceptions, we are living in a big family now, and all big economies are interdependent. Economies are no longer competing, rather they are helping each other to grow.
I do not agree with your point of view, although the countries have mutual economic support through the export and import process but this process did not create too much development, the development came from competition, look at the crypto market, you can also see this process, most countries have specific products and cannot be copied by that country. Moreover, the US is a fairly strong country in the military, the weapons are a very expensive brand and the US is very developed in this field, China is always difficult to surpass the US with current technology.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: capcaypro on April 28, 2021, 03:42:05 PM
Just last year China's economic growth managed to accelerate to 2.3% in line with inhibiting the current virus, besides that I have read one article which said that China's economy last year was supported by the expansion in the fourth quarter of 2020 which grew 6,5 percent over the previous year.
This of course will be an attack on the world economy, especially for America itself, which incidentally is still a super power and reference in the global economy. because by continuing to accelerate the positive economy of China, it can indirectly make China's contribution to the world bank.
This of course can be a threat to America so that if America is still stagnant as it is now in 2028, China will displace them


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: tygeade on April 28, 2021, 04:55:43 PM
Okay, how sure are they about all that? Maybe the pandemic has been really bad and has caused a lot of things to happen and also pushed the US economy to a point where it’s low at this point, because they didn’t take a quick action to stop contain it before it became a wild fire.

As for China, we all know how it all happened, the whole world were pissed with them for not giving out information and the way they were able to contain it easily made the world to feel like they were the mastermind behind it all lol. Anyway, the future is one thing that no man can tell, we can only assume that something is going to happen based on what we are seeing at the moment, but things can still change at any moment.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: tbterryboy on April 28, 2021, 08:48:15 PM
Developing nations need loans and help from the richer nations and that is what China is doing now. And no one does anything for free, and it is applicable for the Western nations as well. When countries such as US and UK give out loans to poorer nations, they keep even more exploitative terms and conditions. Well.. these days they are not doing that, because they no longer have any surplus cash. Poorer countries in Africa and Asia view Chinese projects as mutually beneficial. The Chinese are helping them with large-scale infrastructure projects, which would otherwise be impossible to complete by these countries.
I can't talk on behalf of all the developing nations, I mean while they are building one thing, another thing is developed in the rich nations so they are always too late anyway but I can't talk for how good it is for them to at least reach to a certain level. However what I was trying to say is that neither USA nor China nor any other nation in the world does it for any good reason, they are not building stuff to make the world a better place, they are doing it so that they could get even richer and that's it, that is all there is about it.

If the only reason for USA, China or any other nation to help the others is to get themselves richer, that is sort of the colonist approach, maybe they are not taking slaves anymore but they are bringing stuff that is not a big problem for them and taking every last bit the other poorer nation have in return, all these super wealthy nations could afford to help the world to become great, but they are just caring about their money. Doesn't matter which one.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Betwrong on May 03, 2021, 11:43:29 AM
~I do not agree with your point of view, although the countries have mutual economic support through the export and import process but this process did not create too much development, the development came from competition, look at the crypto market, you can also see this process, most countries have specific products and cannot be copied by that country.

A healthy competition isn't going anywhere, and you are right, it helps economic development. I was rather talking about the unhealthy one, when one country(or a block of countries) desires to be ahead no matter what. If they can't grow economically, they are rooting for their adversaries to decline. This type of "competition" ended not so long ago, but fortunately for ever.

Moreover, the US is a fairly strong country in the military, the weapons are a very expensive brand and the US is very developed in this field, China is always difficult to surpass the US with current technology.

Absolutely agree with you on this one. Overall, any governmental propaganda telling their citizens they have better armed forces than the U.S. are just lying.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: bryant.coleman on May 03, 2021, 05:24:17 PM
Okay, how sure are they about all that? Maybe the pandemic has been really bad and has caused a lot of things to happen and also pushed the US economy to a point where it’s low at this point, because they didn’t take a quick action to stop contain it before it became a wild fire.

As for China, we all know how it all happened, the whole world were pissed with them for not giving out information and the way they were able to contain it easily made the world to feel like they were the mastermind behind it all lol. Anyway, the future is one thing that no man can tell, we can only assume that something is going to happen based on what we are seeing at the moment, but things can still change at any moment.

Don't you think that there is something strange with this? China is where the virus first originated. And yet, they have reported less than 5,000 deaths. On the other hand, the United States has reported close to 600,000 deaths. Can anyone explain the reason for this difference? Is anyone going to argue that the healthcare system in China is much better when compared to that in the United States? Or is someone going to claim that the population density in the US is more than that in China?


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: DrBeer on May 05, 2021, 11:40:32 AM
Okay, how sure are they about all that? Maybe the pandemic has been really bad and has caused a lot of things to happen and also pushed the US economy to a point where it’s low at this point, because they didn’t take a quick action to stop contain it before it became a wild fire.

As for China, we all know how it all happened, the whole world were pissed with them for not giving out information and the way they were able to contain it easily made the world to feel like they were the mastermind behind it all lol. Anyway, the future is one thing that no man can tell, we can only assume that something is going to happen based on what we are seeing at the moment, but things can still change at any moment.

Don't you think that there is something strange with this? China is where the virus first originated. And yet, they have reported less than 5,000 deaths. On the other hand, the United States has reported close to 600,000 deaths. Can anyone explain the reason for this difference? Is anyone going to argue that the healthcare system in China is much better when compared to that in the United States? Or is someone going to claim that the population density in the US is more than that in China?

Everything is simple here. It's no secret that official China loves to manipulate data to achieve its goals. For a long time they hid the real indicators of morbidity, did not let international observers in, distorted the data in every possible way, including deliberate forgery! Therefore, looking at the official statistics from China is a pointless exercise - you will base your calculations on incorrect baselines. I am a supporter of simple logic - if some statistical data differ sharply from the "standard" - then there is either an error in the data (including deliberate manipulations), or there are some real reasons for such deviations. For example, the sales volume of air conditioners in the Far North is always lower than in Southeast Asia, that is all logical :)



Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Vishnu.Reang on May 05, 2021, 12:13:59 PM
Everything is simple here. It's no secret that official China loves to manipulate data to achieve its goals. For a long time they hid the real indicators of morbidity, did not let international observers in, distorted the data in every possible way, including deliberate forgery! Therefore, looking at the official statistics from China is a pointless exercise - you will base your calculations on incorrect baselines. I am a supporter of simple logic - if some statistical data differ sharply from the "standard" - then there is either an error in the data (including deliberate manipulations), or there are some real reasons for such deviations. For example, the sales volume of air conditioners in the Far North is always lower than in Southeast Asia, that is all logical :)

China might have manipulated its data. I am not going to argue about it. But how they managed to completely eradicate the COVID 19 pandemic within their borders? The last reported death from COVID 19 in China was many months ago. How come they are able to eradicate a virus, which is creating trouble for all the other countries in the world? And they are not lying about it. The Chinese cities are not under lockdown or any restriction, and the life seems to be normal. How this is possible?


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: ultrloa on May 05, 2021, 12:40:35 PM
Everything is simple here. It's no secret that official China loves to manipulate data to achieve its goals. For a long time they hid the real indicators of morbidity, did not let international observers in, distorted the data in every possible way, including deliberate forgery! Therefore, looking at the official statistics from China is a pointless exercise - you will base your calculations on incorrect baselines. I am a supporter of simple logic - if some statistical data differ sharply from the "standard" - then there is either an error in the data (including deliberate manipulations), or there are some real reasons for such deviations. For example, the sales volume of air conditioners in the Far North is always lower than in Southeast Asia, that is all logical :)

China might have manipulated its data. I am not going to argue about it. But how they managed to completely eradicate the COVID 19 pandemic within their borders? The last reported death from COVID 19 in China was many months ago. How come they are able to eradicate a virus, which is creating trouble for all the other countries in the world? And they are not lying about it. The Chinese cities are not under lockdown or any restriction, and the life seems to be normal. How this is possible?

The one I see a secret on why they are successful to manage to return back to normal is the citizen is well discipline to follow the governments order, I see so many videos of vaccination drive on china so maybe they manage to inject majority of their population thats why they back on their normal life if not normal close to that.

Look at this video https://youtu.be/hSCUw5UouXc

People are so confident about not wearing mask on streats.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Mauser on May 05, 2021, 12:44:31 PM
Okay, how sure are they about all that? Maybe the pandemic has been really bad and has caused a lot of things to happen and also pushed the US economy to a point where it’s low at this point, because they didn’t take a quick action to stop contain it before it became a wild fire.

As for China, we all know how it all happened, the whole world were pissed with them for not giving out information and the way they were able to contain it easily made the world to feel like they were the mastermind behind it all lol. Anyway, the future is one thing that no man can tell, we can only assume that something is going to happen based on what we are seeing at the moment, but things can still change at any moment.

Don't you think that there is something strange with this? China is where the virus first originated. And yet, they have reported less than 5,000 deaths. On the other hand, the United States has reported close to 600,000 deaths. Can anyone explain the reason for this difference? Is anyone going to argue that the healthcare system in China is much better when compared to that in the United States? Or is someone going to claim that the population density in the US is more than that in China?


This is very strange indeed. So far I didn't read much about how the virus really originated. We all know that China likes to manipulate it's numbers, but still how can that be? China has so many people and they also live together very close in large cities, but still it doesn't seem severe over there. Also I heard that China has multiple corona vaccines already on the market, even before western pharma companies had them. It doesn't sound right.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: iv4n on May 05, 2021, 01:11:17 PM
~I do not agree with your point of view, although the countries have mutual economic support through the export and import process but this process did not create too much development, the development came from competition, look at the crypto market, you can also see this process, most countries have specific products and cannot be copied by that country.

A healthy competition isn't going anywhere, and you are right, it helps economic development. I was rather talking about the unhealthy one, when one country(or a block of countries) desires to be ahead no matter what. If they can't grow economically, they are rooting for their adversaries to decline. This type of "competition" ended not so long ago, but fortunately for ever.

Moreover, the US is a fairly strong country in the military, the weapons are a very expensive brand and the US is very developed in this field, China is always difficult to surpass the US with current technology.

Absolutely agree with you on this one. Overall, any governmental propaganda telling their citizens they have better armed forces than the U.S. are just lying.

The military is military, but economically I think the Chinese are winning! It's because of their crazy products! So I visit Chinese stores and I buy crazy toys for my kid, for 1-2 euros, and you can choose! And few times I was amazed by some of their simple products, just plastic, and it's shit, and it's just a euro or two... so we can buy them all the time!

I am not sure about the healthy competition here, because there are too many Chinese, with many resources... but what they are doing in the last 20 years is paying off for them, they are everywhere, and a lot of money is in circulation, we probably can't imagine what is coming in and out from China!

This is just my point of view... I didn't/don't have access to many (if any?) products from the US, and maybe they are more expensive than Chinese, and I don't look/hear about them a lot, so I can't be objective here as some others can!


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Raytheon on May 05, 2021, 01:12:21 PM
This is very strange indeed. So far I didn't read much about how the virus really originated. We all know that China likes to manipulate it's numbers, but still how can that be? China has so many people and they also live together very close in large cities, but still it doesn't seem severe over there. Also I heard that China has multiple corona vaccines already on the market, even before western pharma companies had them. It doesn't sound right.
Everything you "heard" about China doesn't seem right. China denies all the bad things originated or related to them all claims ownership over all the good things surrounding them. Covid-19 clearly originated from Wuhan but Chinese state media claims Covid-19 might have originated in Southeast Asia (https://mothership.sg/2020/06/global-times-covid-19-southeast-asia/) or India (https://economictimes.indiatimes.com/news/politics-and-nation/china-scientists-claim-virus-born-in-india-west-experts-refute/articleshow/79472030.cms).

Regarding data manipulation, I don't have any solid proof but I know for sure steel price's insanely increased (https://agmetalminer.com/2021/04/15/raw-steels-mmi-pace-of-steel-prices-gains-begins-to-slow/) lately was contributed a lot by China. To maintain its beautiful GDP growth, China must increase government spending by pouring money into infrastructure construction. This boosts demand on steel hence pumps its price.

Chinese Corona vaccines are a joke. Look at those countries that used them, from Cambodia, Nepal to Brazil, which countries isn't on the brink of collapse by Covid-19?


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: DrBeer on May 07, 2021, 06:25:10 PM
Everything is simple here. It's no secret that official China loves to manipulate data to achieve its goals. For a long time they hid the real indicators of morbidity, did not let international observers in, distorted the data in every possible way, including deliberate forgery! Therefore, looking at the official statistics from China is a pointless exercise - you will base your calculations on incorrect baselines. I am a supporter of simple logic - if some statistical data differ sharply from the "standard" - then there is either an error in the data (including deliberate manipulations), or there are some real reasons for such deviations. For example, the sales volume of air conditioners in the Far North is always lower than in Southeast Asia, that is all logical :)

China might have manipulated its data. I am not going to argue about it. But how they managed to completely eradicate the COVID 19 pandemic within their borders? The last reported death from COVID 19 in China was many months ago. How come they are able to eradicate a virus, which is creating trouble for all the other countries in the world? And they are not lying about it. The Chinese cities are not under lockdown or any restriction, and the life seems to be normal. How this is possible?

About "eradicate the pandemic", I have to recall the phrase "data manipulation" again. If you search on Google for information on the words "China data manipulation", but without specifying the keyword COVID, you will see how many materials on this topic, and how many of them concern the coronavirus, including. Let me remind you once again - there are statistics, there are trends, and there are anomalies. So the data for China is a solid anomaly! But in classical analytics, we identify the causes of the anomaly that explain its origin. So you will not find logical explanations for the Chinese analytical anomalies. And I was not the first to pay attention to this. There are a lot of quite solid articles in reputable publications, with specific verifiable figures, which show that there is a systemic manipulation of data - from economic growth to the fight against coronavirus. Just for example: back in April 2020, there was such an interesting article https://www.aei.org/wp-content/uploads/2020/04/Estimating-the-True-Number-of-Chinas-COVID-19-Cases .pdf
Well, after spending 10-15 minutes, you will find a huge amount of materials on the analysis of data manipulation by the Chinese government. If you do not find - contact - I will help :)


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: AndySt on May 07, 2021, 11:46:07 PM
This is very strange indeed. So far I didn't read much about how the virus really originated. We all know that China likes to manipulate it's numbers, but still how can that be? China has so many people and they also live together very close in large cities, but still it doesn't seem severe over there. Also I heard that China has multiple corona vaccines already on the market, even before western pharma companies had them. It doesn't sound right.
Everything you "heard" about China doesn't seem right. China denies all the bad things originated or related to them all claims ownership over all the good things surrounding them. Covid-19 clearly originated from Wuhan but Chinese state media claims Covid-19 might have originated in Southeast Asia (https://mothership.sg/2020/06/global-times-covid-19-southeast-asia/) or India (https://economictimes.indiatimes.com/news/politics-and-nation/china-scientists-claim-virus-born-in-india-west-experts-refute/articleshow/79472030.cms).
Regarding data manipulation, I don't have any solid proof but I know for sure steel price's insanely increased (https://agmetalminer.com/2021/04/15/raw-steels-mmi-pace-of-steel-prices-gains-begins-to-slow/) lately was contributed a lot by China. To maintain its beautiful GDP growth, China must increase government spending by pouring money into infrastructure construction. This boosts demand on steel hence pumps its price.
Chinese Corona vaccines are a joke. Look at those countries that used them, from Cambodia, Nepal to Brazil, which countries isn't on the brink of collapse by Covid-19?
I'm not sure that the World Health Organization can't tell a joke from the truth, because on May 7, the first Chinese vaccine, Sinopharm, was approved for emergency use. The chairman of the WHO strategic Advisory group of experts on immunization, said that his staff had conducted a thorough evaluation of the vaccine and had received sufficient evidence that the vaccine was effective and safe in reducing severe diseases by 79 percent. The Sinopharm vaccine is approved for adult vaccination in 45 countries. We must not forget that the authorities of European countries and the United States specifically act in the interests of their pharmaceutical companies, which is understandable, but this is not a reason to declare all Chinese vaccines a joke.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Anonylz on May 08, 2021, 02:08:53 AM
This is very strange indeed. So far I didn't read much about how the virus really originated. We all know that China likes to manipulate it's numbers, but still how can that be? China has so many people and they also live together very close in large cities, but still it doesn't seem severe over there. Also I heard that China has multiple corona vaccines already on the market, even before western pharma companies had them. It doesn't sound right.
Everything you "heard" about China doesn't seem right. China denies all the bad things originated or related to them all claims ownership over all the good things surrounding them. Covid-19 clearly originated from Wuhan but Chinese state media claims Covid-19 might have originated in Southeast Asia (https://mothership.sg/2020/06/global-times-covid-19-southeast-asia/) or India (https://economictimes.indiatimes.com/news/politics-and-nation/china-scientists-claim-virus-born-in-india-west-experts-refute/articleshow/79472030.cms).

Regarding data manipulation, I don't have any solid proof but I know for sure steel price's insanely increased (https://agmetalminer.com/2021/04/15/raw-steels-mmi-pace-of-steel-prices-gains-begins-to-slow/) lately was contributed a lot by China. To maintain its beautiful GDP growth, China must increase government spending by pouring money into infrastructure construction. This boosts demand on steel hence pumps its price.

Chinese Corona vaccines are a joke. Look at those countries that used them, from Cambodia, Nepal to Brazil, which countries isn't on the brink of collapse by Covid-19?

Where is the sense in accepting vaccine from the same country that was the root cause of this problem in the first place! None, but since the situation was detrimental at the time it had to be done, and even at that the results are poor, a clever move by this power hungry country,

It won't surprise me when it will be proven that those covid-19 data were heavily manipulated,  suddenly the Chinese government where able to create a vaccine within a short period of time to suppress and completely eradicate covid out of their country and left the rest of the world battling with the disease till now,

Same miracle working vaccines where taken by other countries and don't seem to be having same effect and outcome, why is that! Or could it be that something totally different was sent over to this countries? It won't be surprising also. It is just pathetic.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Sithara007 on May 08, 2021, 03:49:10 AM
Where is the sense in accepting vaccine from the same country that was the root cause of this problem in the first place! None, but since the situation was detrimental at the time it had to be done, and even at that the results are poor, a clever move by this power hungry country,

It won't surprise me when it will be proven that those covid-19 data were heavily manipulated,  suddenly the Chinese government where able to create a vaccine within a short period of time to suppress and completely eradicate covid out of their country and left the rest of the world battling with the disease till now,

Same miracle working vaccines where taken by other countries and don't seem to be having same effect and outcome, why is that! Or could it be that something totally different was sent over to this countries? It won't be surprising also. It is just pathetic.

From what I heard, China has so far shipped hundreds of millions of doses of this so called "vaccine" (Sinopharm). But it seems to be having zero impact in countries where it was administered. Chile vaccinated almost half of the eligible population using this vaccine. But despite 50% of the populaiton being vaccinated, now they are witnessing record number of new infections and deaths from COVID 19. The same is the case in other countries where this vaccine was used - Hungary, Serbia, Turkey, Cambodia, Morocco.etc. And despite this, many of the poorer countries around the world continue to purchase their vaccines from Sinopharm, since they don't have any other choice (the latest to enter in to an agreement is Egypt).


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: nakamura12 on May 08, 2021, 03:55:45 AM

From what I heard, China has so far shipped hundreds of millions of doses of this so called "vaccine" (Sinopharm). But it seems to be having zero impact in countries where it was administered. Chile vaccinated almost half of the eligible population using this vaccine. But despite 50% of the populaiton being vaccinated, now they are witnessing record number of new infections and deaths from COVID 19. The same is the case in other countries where this vaccine was used - Hungary, Serbia, Turkey, Cambodia, Morocco.etc. And despite this, many of the poorer countries around the world continue to purchase their vaccines from Sinopharm, since they don't have any other choice (the latest to enter in to an agreement is Egypt).
I don't think that the vaccine can cure covid once a person is vaccinated but only helps fight the covid for stoping the illness getting worse. Some people in my country died when he was vaccinated but I won't say where the vaccine came from as the family of the person did say that it came from municipal officials which is required before you can work.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Gyfts on May 08, 2021, 04:09:59 AM
Haven't seen many people mention AI. China (and Russia, but set them aside for now) have been working on improving their AI innovation, and China steals R&D from the US, so they can innovate faster and cheaper. Joe Biden doesn't know what's going on, so he isn't going to advocate for technological advancement in the private sector to beat China. Trump was tougher on China, but it was more on the economic front (trade wars, tweeting a bunch of nonsense every time he was upset, ect.) China will topple the US as the world's greatest super power, if they continue on this track.



Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Sithara007 on May 08, 2021, 04:19:19 AM
I don't think that the vaccine can cure covid once a person is vaccinated but only helps fight the covid for stoping the illness getting worse. Some people in my country died when he was vaccinated but I won't say where the vaccine came from as the family of the person did say that it came from municipal officials which is required before you can work.

Vaccines are for prevention, and doesn't work that well as a cure. Vaccines such as Pfizer, Moderna and Sputnik V have an efficacy of over 90%, which means that it prevents the people from getting infected 9 out of 10 times. And when rarely the vaccinated people get infected from COVID 19, usually they recover easily, since they already have the antibodies in their bloodstream. Even here in India, a number of deaths have occurred among people who received both the doses of the AstraZeneca vaccine.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: zanezane on May 08, 2021, 05:43:28 AM
Haven't seen many people mention AI. China (and Russia, but set them aside for now) have been working on improving their AI innovation, and China steals R&D from the US, so they can innovate faster and cheaper. Joe Biden doesn't know what's going on, so he isn't going to advocate for technological advancement in the private sector to beat China. Trump was tougher on China, but it was more on the economic front (trade wars, tweeting a bunch of nonsense every time he was upset, ect.) China will topple the US as the world's greatest super power, if they continue on this track.
The presidency on almost any country is just a charade to keep the illusion going that we are free as a citizen of the country, Biden is going to be the same as Trump, they will not be able to do shit because they aren't of this generation so they don't know what to do in this ine. I am sure that China will takeover US in terms of ranking in economy and they can make it faster if they open some aspects of their economy to the world.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Raytheon on May 08, 2021, 06:04:25 AM
This is very strange indeed. So far I didn't read much about how the virus really originated. We all know that China likes to manipulate it's numbers, but still how can that be? China has so many people and they also live together very close in large cities, but still it doesn't seem severe over there. Also I heard that China has multiple corona vaccines already on the market, even before western pharma companies had them. It doesn't sound right.
Everything you "heard" about China doesn't seem right. China denies all the bad things originated or related to them all claims ownership over all the good things surrounding them. Covid-19 clearly originated from Wuhan but Chinese state media claims Covid-19 might have originated in Southeast Asia (https://mothership.sg/2020/06/global-times-covid-19-southeast-asia/) or India (https://economictimes.indiatimes.com/news/politics-and-nation/china-scientists-claim-virus-born-in-india-west-experts-refute/articleshow/79472030.cms).
Regarding data manipulation, I don't have any solid proof but I know for sure steel price's insanely increased (https://agmetalminer.com/2021/04/15/raw-steels-mmi-pace-of-steel-prices-gains-begins-to-slow/) lately was contributed a lot by China. To maintain its beautiful GDP growth, China must increase government spending by pouring money into infrastructure construction. This boosts demand on steel hence pumps its price.
Chinese Corona vaccines are a joke. Look at those countries that used them, from Cambodia, Nepal to Brazil, which countries isn't on the brink of collapse by Covid-19?
I'm not sure that the World Health Organization can't tell a joke from the truth, because on May 7, the first Chinese vaccine, Sinopharm, was approved for emergency use. The chairman of the WHO strategic Advisory group of experts on immunization, said that his staff had conducted a thorough evaluation of the vaccine and had received sufficient evidence that the vaccine was effective and safe in reducing severe diseases by 79 percent. The Sinopharm vaccine is approved for adult vaccination in 45 countries. We must not forget that the authorities of European countries and the United States specifically act in the interests of their pharmaceutical companies, which is understandable, but this is not a reason to declare all Chinese vaccines a joke.
Spend some time reading these articles:
  • Chile says China’s Sinovac coronavirus vaccine 67 per cent effective against symptomatic infection  (https://www.scmp.com/news/world/americas/article/3129924/chile-says-chinas-sinovac-coronavirus-vaccine-67-cent-effective)
  • Chile has one of the world’s best vaccination rates. Covid is surging there anyway (https://www.cnbc.com/2021/04/19/covid-chiles-coronavirus-cases-hit-record-levels-despite-vaccine-rollout.html)

The first article by a Chinese media publisher and the second by a Western one. The main idea in the first news wasn't proven through reality while content in the second news has been verified all over the Internet. Just like Sinopharm, Sinovac was also approved long before by WHO. Do you think Sinopharm can make the difference? Forget about WHO, they can't even give any wise decision on Covid-19 Pandemic at the moment.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Lorence.xD on May 08, 2021, 06:05:57 AM
~

The fact is that the poor nations have no other option. They can't get loans from the Western nations, because these nations are themselves knee-deep in debt. China seems to be the only country with surplus money. So if a poor nation wants to build a railway line or airport, taking a loan form China seems to be the only option. All that said, I don't think that the Western nations are any better than the Chinese. A perfect example is the 1998–2002 Argentine great depression. Western agencies forced the Argentine government to agree to a lot of unfair terms when they defaulted. The same happened a decade ago, with Cyprus.
The problem is that the debts doesn't need to be a cash payment, most loans from other countries are based on favors and the reason that countries have debts is because they have corrupt leaders and the money in the country isn't managed well.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: electronicash on May 08, 2021, 07:44:00 AM
~

The fact is that the poor nations have no other option. They can't get loans from the Western nations, because these nations are themselves knee-deep in debt. China seems to be the only country with surplus money. So if a poor nation wants to build a railway line or airport, taking a loan form China seems to be the only option. All that said, I don't think that the Western nations are any better than the Chinese. A perfect example is the 1998–2002 Argentine great depression. Western agencies forced the Argentine government to agree to a lot of unfair terms when they defaulted. The same happened a decade ago, with Cyprus.
The problem is that the debts doesn't need to be a cash payment, most loans from other countries are based on favors and the reason that countries have debts is because they have corrupt leaders and the money in the country isn't managed well.

if the two countries both agreed to the terms. It's all for them to execute plans. US had also done the same terms in my countries which is lopsided terms actually and we wasted a lot of money for arbitration that can't be enforced by the international court. it's just a way for them to make money from us.

the shortage of chips and other products will dictate who will have the larger economy. once a country like china announces that they can provide products, they will soon impose their own terms.





Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Lorence.xD on May 08, 2021, 08:16:41 AM
~

if the two countries both agreed to the terms. It's all for them to execute plans. US had also done the same terms in my countries which is lopsided terms actually and we wasted a lot of money for arbitration that can't be enforced by the international court. it's just a way for them to make money from us.

the shortage of chips and other products will dictate who will have the larger economy. once a country like china announces that they can provide products, they will soon impose their own terms.
The shitty thing with US loaning in countries is that they also have to intervene with the politics of that country, compare that to China where they only are in that country for the loan and to gather influence and let the country decide for themselves, that's why they are the go to for more and more countries to borrow money.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Betwrong on May 10, 2021, 12:56:39 PM
~I do not agree with your point of view, although the countries have mutual economic support through the export and import process but this process did not create too much development, the development came from competition, look at the crypto market, you can also see this process, most countries have specific products and cannot be copied by that country.

A healthy competition isn't going anywhere, and you are right, it helps economic development. I was rather talking about the unhealthy one, when one country(or a block of countries) desires to be ahead no matter what. If they can't grow economically, they are rooting for their adversaries to decline. This type of "competition" ended not so long ago, but fortunately for ever.

Moreover, the US is a fairly strong country in the military, the weapons are a very expensive brand and the US is very developed in this field, China is always difficult to surpass the US with current technology.

Absolutely agree with you on this one. Overall, any governmental propaganda telling their citizens they have better armed forces than the U.S. are just lying.

The military is military, but economically I think the Chinese are winning! It's because of their crazy products! So I visit Chinese stores and I buy crazy toys for my kid, for 1-2 euros, and you can choose! And few times I was amazed by some of their simple products, just plastic, and it's shit, and it's just a euro or two... so we can buy them all the time!

I am not sure about the healthy competition here, because there are too many Chinese, with many resources... but what they are doing in the last 20 years is paying off for them, they are everywhere, and a lot of money is in circulation, we probably can't imagine what is coming in and out from China!

This is just my point of view... I didn't/don't have access to many (if any?) products from the US, and maybe they are more expensive than Chinese, and I don't look/hear about them a lot, so I can't be objective here as some others can!

Apart from Tabasco hot sauce and Jack Daniel's whiskey, which I'm sure are presented in your country too, I don't see many products "made in U.S.A." in my country either, while "made in China" are practically everywhere. That's because Chinese products are offering an amazing price/quality ratio. But, speaking of competition, since  the Chinese economy is extremely export dependent, prosperity of other nations is essential for its growth. Imo, it's not much of a competition when you are interested in the prosperity of your rivals.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: bryant.coleman on May 10, 2021, 01:07:52 PM
Spend some time reading these articles:
  • Chile says China’s Sinovac coronavirus vaccine 67 per cent effective against symptomatic infection  (https://www.scmp.com/news/world/americas/article/3129924/chile-says-chinas-sinovac-coronavirus-vaccine-67-cent-effective)
  • Chile has one of the world’s best vaccination rates. Covid is surging there anyway (https://www.cnbc.com/2021/04/19/covid-chiles-coronavirus-cases-hit-record-levels-despite-vaccine-rollout.html)

The first article by a Chinese media publisher and the second by a Western one. The main idea in the first news wasn't proven through reality while content in the second news has been verified all over the Internet. Just like Sinopharm, Sinovac was also approved long before by WHO. Do you think Sinopharm can make the difference? Forget about WHO, they can't even give any wise decision on Covid-19 Pandemic at the moment.

There are large number of countries which imported Chinese vaccines to vaccinate their population - Chile, Turkey, Morocco, Serbia, Hungary, Brazil, Cambodia.etc. And one thing is common with all these countries. All of them are witnessing a surge in daily CoVID infections and deaths. Countries like Chile have administered the first dose to almost 50% of their population, and still it doesn't seems to be having an impact on containing the pandemic.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: doomistake on May 11, 2021, 02:43:14 PM
I think it won't happen anytime soon. Although I'm not closing the possibilities.

China has been far ahead in terms of combatting the pandemic crisis. I applaud their pacing in addressing the needs of their citizens despite having a breakout early last year in one of their cities. China's economy has slowly recovered compared to the neighboring countries that are still stuck from lockdowns and quarantine protocols. Which I think have a nice impact to their economy because the residents can freely move and the businesses are fully operational.

However, let's also put into consideration that the vaccines are on roll already. Soon enough, majority of the countries will achieve herd immuty through the help of vaccinations. This will help most countries recover, particularly the US. Let's not forget that US is still the leading country in the world despite the pandemic crisis. So, I think, China will still have a hard time competing to get the top spot and replace US as having the largest global economy by 2028.

But then again, who knows? Only time can tell.



Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Sithara007 on May 12, 2021, 03:40:36 AM
I think it won't happen anytime soon. Although I'm not closing the possibilities.

China has been far ahead in terms of combatting the pandemic crisis. I applaud their pacing in addressing the needs of their citizens despite having a breakout early last year in one of their cities. China's economy has slowly recovered compared to the neighboring countries that are still stuck from lockdowns and quarantine protocols. Which I think have a nice impact to their economy because the residents can freely move and the businesses are fully operational.

However, let's also put into consideration that the vaccines are on roll already. Soon enough, majority of the countries will achieve herd immuty through the help of vaccinations. This will help most countries recover, particularly the US. Let's not forget that US is still the leading country in the world despite the pandemic crisis. So, I think, China will still have a hard time competing to get the top spot and replace US as having the largest global economy by 2028.

But then again, who knows? Only time can tell.

There is no pandemic in China. They managed to contain the pandemic many months back and the isolated cases that are being reported from there are migrated individuals coming from other countries. China, despite a population of 1.41 billion remains the only country in the world which has eradicated the pandemic, and all the other countries are struggling to contain it. And I am not sure whether vaccination can completely eradicate COVID 19. Because countries such as Seychelles and UK have achieved more than 50% vaccination rate. But even now, dozens of deaths are being reported from these countries everyday.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: Betwrong on May 17, 2021, 10:38:11 AM
I think it won't happen anytime soon. Although I'm not closing the possibilities.

China has been far ahead in terms of combatting the pandemic crisis. I applaud their pacing in addressing the needs of their citizens despite having a breakout early last year in one of their cities. China's economy has slowly recovered compared to the neighboring countries that are still stuck from lockdowns and quarantine protocols. Which I think have a nice impact to their economy because the residents can freely move and the businesses are fully operational.

However, let's also put into consideration that the vaccines are on roll already. Soon enough, majority of the countries will achieve herd immuty through the help of vaccinations. This will help most countries recover, particularly the US. Let's not forget that US is still the leading country in the world despite the pandemic crisis. So, I think, China will still have a hard time competing to get the top spot and replace US as having the largest global economy by 2028.

But then again, who knows? Only time can tell.

There is no pandemic in China. They managed to contain the pandemic many months back and the isolated cases that are being reported from there are migrated individuals coming from other countries. China, despite a population of 1.41 billion remains the only country in the world which has eradicated the pandemic, and all the other countries are struggling to contain it. And I am not sure whether vaccination can completely eradicate COVID 19. Because countries such as Seychelles and UK have achieved more than 50% vaccination rate. But even now, dozens of deaths are being reported from these countries everyday.

I just checked, and it's not dozens of deaths, actually.

Here's the numbers for 2 days ago:

https://i.imgur.com/d6TQAZh.png

and these are for yesterday:

https://i.imgur.com/XwukCv7.png

(No new cases and deaths for Seychelles at all)

So, it looks like the vaccine is working, and not only China is recovering. Also, regarding China, the whole world should be happy about the pandemic is being contained there. China's share of global GDP is over 18% currently, and, in fact, everybody's interested in the growing of the Chinese economy, every country, including the US.


Title: Re: China to overtake the Us as the largest global economy by 2028?
Post by: AicecreaME on May 17, 2021, 02:14:23 PM
It's not impossible to happen since China's action has been promising during this pandemic. They have showcased proactive solution which made most of the countries left in awe. I actually commend them in handling the covid-19 virus. In a short span of time, the scientists in their country were able to made several vaccines that have high efficacy rate.

However, surely the economy of US will bounce back once majority of its citizens will be vaccinated. Sooner or later, their industry will be fully operational like China's and other neighboring countries. The two will definitely be great competitors of each other during that time as the largest global economy by the year 2028.