China Economy Forecasted to Surpass US Economy by 2028

[jaysabi]

The Chinese economy is expected to surpass that of the U.S. in 2028 - five years earlier than previously forecast - following fallout from the coronavirus pandemic, according to an analysis released Saturday.

Source:  https://www.msn.com/en-us/news/world/china-expected-to-surpass-us-economy-in-2028-analysis/

As stated, this is 5 years earlier than last projected, due to the effects of the pandemic. The US is not going to like being in the number two spot, and even less when India’s economy then surpasses the US after that. The biggest benefit to this massive Asian economies is the sheer number of people. The United States’ best hope of competing is to increase the number of Americans and, and quickly.

The US should be drastically overhauling the skilled worker visa program to greatly increase the number of tech workers brought into the country so that the next tech mega companies are created here, and not in Asia. This is should be viewed as an area of national security. Larger militaries inevitably follow larger economies, and the US can not afford to squander the advantages while they still have them.

[FEELEPIC]

The Chinese economy is expected to surpass that of the U.S. in 2028 - five years earlier than previously forecast - following fallout from the coronavirus pandemic, according to an analysis released Saturday.

Source:  https://www.msn.com/en-us/news/world/china-expected-to-surpass-us-economy-in-2028-analysis/

As stated, this is 5 years earlier than last projected, due to the effects of the pandemic. The US is not going to like being in the number two spot, and even less when India’s economy then surpasses the US after that. The biggest benefit to this massive Asian economies is the sheer number of people. The United States’ best hope of competing is to increase the number of Americans and, and quickly.

The US should be drastically overhauling the skilled worker visa program to greatly increase the number of tech workers brought into the country so that the next tech mega companies are created here, and not in Asia. This is should be viewed as an area of national security. Larger militaries inevitably follow larger economies, and the US can not afford to squander the advantages while they still have them.

It isn't a comparison because China controls their entire economy. They can print money out of thin air (you know QE) predatory loans + shadow banking etc.

They can make ANY stock go up or down , because they control their economy. It's all fake.

Though i do think China has a HUGE chance to take over europe / middle east , once they have finished their belt and road initiative.

Laws and regulations are ... non existent at least to an extent. It's like a libertarians dream. (at least somewhat)

[fiulpro]

Hello
This is really something that might happen in the upcoming years. The developing countries have a lot of potential, literally , these countries might surpass the US economy but this won't happen as fast as 2028. Countries like US, UK, they have achieved their potential and now the only good thing would be, if they can keep it stabilized. Due to coronavirus the economic situation of many countries have changed overnight.
The Japan, Germany , UK they are all outperforming, US is right now in a pinch due to the economic arrest and the pandemic situation right now.

Real gross domestic product (GDP) increased at an annual rate of 33.4 percent in the third quarter of 2020, as efforts continued to reopen businesses and resume activities that were postponed or restricted due to COVID-19. The change was 0.3 percentage point higher than the “second” estimate released in November

source
>> I found this on the internet and therefore I do think that the US is recovering better as compared to what we would have thought.
Now US might outperform China too, since they are already on a pedestal.
Dollar is thought to be a bubble , but I do think that the new government might change the situation for good.

[Argoo]

That's quite possible. I don't like the fact that the United States can print dollars almost uncontrollably and exchange them for goods all over the world. The Chinese economy is working much more efficiently today, and therefore it is developing much faster. I see that the digital yuan will only strengthen this trend.

[davis196]

Yeah,but the Chinese GDP per capita would still be way lower than the US GDP per capita.
If you ask me,GDP per capita is more important than the total GDP of a country.
China will become the World's number 1 economy for sure,but the majority of the people in China will continue to live in poverty.
It seems to me that the US economy is a giant financial bubble,created by massive amounts of debt and money printing.
The Chinese economy also has price bubbles,caused by debt and government spending,but they are way lower than the US bubble.
Anyway,I'm trying to say that all those bubbles are kinda manipulating and artificially boosting the GDP of both USA and China.

[ololajulo]

This competition may go on for America-China, but statistics has always shown China leading. The economy already has over 1 billion population to take care as against over 300 million population of America. For the past 4 years that US has relax the funding and involvement in international projects, China has done more. They got more reserve of Cryptocurrency, Gold and even US currency.

[Kocret02]

I agree with this opinion. In terms of business, China is already very advanced and can surpass the US's performance. even China through GDP can approach the US only in the next few years. So I think it will definitely happen for China to be in the top 1 of the world

[sunsilk]

It is happening and will actually be going to happen. Most of the business manufacturers are in China because of cheap labor and materials. And with this pandemic, they're the only one country that didn't much suffer from their entire economy. Thus, their stocks got a rise during the rise of the pandemic and lockdowns. And it was said because of their resiliency as they've fought it.

China stocks surge after state media urges investors to load up
China's stock market rally gets extra push from foreign investors

There were also times that their state media told their people to buy stocks and so it surged.

It was a quick turn when just before the corona virus spread worldwide, the US was leading them. Now, it has turned the favor to theirs.

[el kaka22]

What people do not realize is that this is not the same thing at all. This is the national level, not individual level and that is the biggest problem. Let's say one nation has 100 dollars and 1000 people, that means 0.1 cent for each person, and let's say another nation has 50 dollars but 10 people, that means 5 dollars per person as well. As you can see one nation looks to have more money but when you look at per person it looks like the one with less money has richer people.

Now China is also a dictatorship that murders people and attacks others so it is very much known that everyone hates them except maybe themselves, probably most of them hate the party as well, with USA we hate them too (ask about it in middle east) but we do not have the same type of hate, it is different and we still like the American way and watch their movies and so forth. Long story short, 2028 will change nothing at all, China will never have global power because of how much we hate them.

[masterzino]

The Chinese economy is expected to surpass that of the U.S. in 2028 - five years earlier than previously forecast - following fallout from the coronavirus pandemic, according to an analysis released Saturday.

Source:  https://www.msn.com/en-us/news/world/china-expected-to-surpass-us-economy-in-2028-analysis/

As stated, this is 5 years earlier than last projected, due to the effects of the pandemic. The US is not going to like being in the number two spot, and even less when India’s economy then surpasses the US after that. The biggest benefit to this massive Asian economies is the sheer number of people. The United States’ best hope of competing is to increase the number of Americans and, and quickly.

The US should be drastically overhauling the skilled worker visa program to greatly increase the number of tech workers brought into the country so that the next tech mega companies are created here, and not in Asia. This is should be viewed as an area of national security. Larger militaries inevitably follow larger economies, and the US can not afford to squander the advantages while they still have them.

It isn't a comparison because China controls their entire economy. They can print money out of thin air (you know QE) predatory loans + shadow banking etc.

They can make ANY stock go up or down , because they control their economy. It's all fake.

Though i do think China has a HUGE chance to take over europe / middle east , once they have finished their belt and road initiative.

Laws and regulations are ... non existent at least to an extent. It's like a libertarians dream. (at least somewhat)

Yeah, because the Federal Reserve cannot do the same (and not doing it right now)

China is huge and they will surpass the US as a whole, but per capita will be relatively low for another 20-30 years.

[bassbity]

Most likely there will always be, China will not remain silent if it has to compete with America. The two countries nudged each other to become number 1. America must remain vigilant of any possible shift in position where the industrial economy is increasingly threatening. heated upheaval. we are presented with a massive economic warfare in the coming year, it's really ironic.

[aesma]

Increasing the population of any country a lot is not really a great idea, let alone a country that already pollutes way too much like the US.

It would make much more sense for the US to cultivate alliances, and force China to become less of a rogue states, through these alliances. That's basically Biden's plan, we'll see how that goes. Trump's way obviously didn't work.

[dothebeats]

Or the US can just do some debt traps to other small, developing nations as well.

Anyways, China has managed to amass such economic power in such a small time due to their huge product output and throughput. Whatever China makes, the world buys, be it some off-brand items or cheap knock-offs. There will always be a place for China’s ‘goods.’  For the US however, their focus has been on being the ‘police’ of the world, sending their men to fight in battles for naught—not freedom of the country and people under siege. Had US focused more on their supply chain weakness and economic weakness for the last decade, even in the midst of the ravaging pandemic it will manage to survive, but unfortunately that’s not the case at all.

[Sithara007]

That's quite possible. I don't like the fact that the United States can print dollars almost uncontrollably and exchange them for goods all over the world. The Chinese economy is working much more efficiently today, and therefore it is developing much faster. I see that the digital yuan will only strengthen this trend.

US Dollar is the reserve currency of the world and that works to the advantage of the United States. They can take loans from the international donors, at extremely low interest rates. Other countries (including China) doesn't have that advantage. On top of that, the Chinese Yuan has a reputation as one of the most manipulated currencies in the world and very few people would be willing to deal with CNY in international trade.

[magneto]

Been coming for a while now as a matter of time.

The world will have to realign to China as the dominant economic force for years to come. Although the US is still superior in terms of defence capabilities, China is catching up fast in that department as well. Whilst I hope that this is not the case, I do fear that geopolitical tensions will continue to rise as they currently are.

Even the likes of Ray Dalio have made predictions that the CNY will replace the USD as the reserve currency - and if that's the case, a lot of investors who see US denominated assets as safe havens will be in for a rude shock.

[bitterguy28]

Well almost every countries in the world wanted either to be like US or to Beat US being the number 1 country in the world.

China is Desperately needed this Claim because they also Claiming many things that originated from their country and also being one of the oldest civilization in the world.

and we cannot deny about how they are Moving towards future ,as the fastest developing country now,Increasing economy and trying to dominate the Asian region .

With Most Government having Loan from them, no wonder this will happen faster than anyone expected.

[konflikkastil]

I will say it is very possible for China to take over from the US as the world leading economy even before the time forecasted. When we look at the current situations of things presently, the issue of covid-19. How the US is tackling the covid-19 cases. It has had a negative effects on the US economy. And the Asia giant the Chinese. Seems they were more prepared for the coronavirus case.That left lots of questions on many people's mind. I think the Chinese economy has benefited largely. You can imagine even amidst the lockdown across the world. That made most of the tech companies closed down for months, chinese government and their companies are fully operational. Producing and send the products to other countries. Making them the major distributors. With this and if it continues like that. In no time, they will surely overtake the US economy.

[Darker45]

Or the US can just do some debt traps to other small, developing nations as well.

They've been doing this. Remember Confessions of an Economic Hit Man? The problem with their debt traps is that they come with a lot of conditions and high standards. It is therefore a trap which is too complicated to set up. Whereas the red government of China is showering poor countries with all kinds of graces which are almost without such standards.

Railways, roads, bridges, airports, power plants, water facilities, ports, arms, and so on and so forth are provided by China to developing countries without asking too much, especially in terms of transparency, human rights, press freedom, and so on. This is primarily the reason why China has a lot of minion countries today, resulting to its wider trades, larger market, global influence on international politics, and so on. This is powering China's economy.

[Rodeo02]

With the current situation of China and US I believe China can really surpass US as the strong economy but that one can’t happen easily because for sure US will do everything to remain on top. Let’s see if Biden will become a puppet of China too or just like Trump who are indeed against China, its hard to tell and my only wish is not to have a world war 3 because we can’t afford that.

It will only happen if they want to be in top by force US need to accept  that china has already surpassed them, in terms of growth of economy army and even in new technology .  To had back his power they need to make plan that can make their economy to grow not by claiming it in force declaring war ,more innocent people will be affected when they do that..

[teosanru]

The Chinese economy is expected to surpass that of the U.S. in 2028 - five years earlier than previously forecast - following fallout from the coronavirus pandemic, according to an analysis released Saturday.

Source:  https://www.msn.com/en-us/news/world/china-expected-to-surpass-us-economy-in-2028-analysis/

As stated, this is 5 years earlier than last projected, due to the effects of the pandemic. The US is not going to like being in the number two spot, and even less when India’s economy then surpasses the US after that. The biggest benefit to this massive Asian economies is the sheer number of people. The United States’ best hope of competing is to increase the number of Americans and, and quickly.

The US should be drastically overhauling the skilled worker visa program to greatly increase the number of tech workers brought into the country so that the next tech mega companies are created here, and not in Asia. This is should be viewed as an area of national security. Larger militaries inevitably follow larger economies, and the US can not afford to squander the advantages while they still have them.

I think one thing this unexpected event like Covid-19 has taught is that south things can go from what is planned. But I believe one thing is going to happen post-pandemic is that the metrics of the Economy are going to change drastically.  A mere economic strength really means nothing these days. It's the per capita GDP and HDI which needs to be the real metric of measuring economic development. The Gap between rich and poor in Asian countries is drastic. India being such a superpower still has at least 10th of its population under poverty which is the official metric and I believe this number might go up after the pandemic. I think globally too economists should focus on decreasing the sparsity between rich and poor and not mere industrialization in hands of big guns.