What are the 10 ways China will gain complete economic ascendancy and preeminence in
the near future?
If China gains 'complete economic ascendancy and preeminence', it will be in the far future - not near. China is in a very precarious economic state. 50% of their economy is trade; 40% of their economy is the internal economy that is generated from the funds from trade. Without trade, the Chinese economy collapses. However, China is no longer the cheapest place to manufacture goods, and their need for resources is exceptionally high - resources that they must import. Things could easily become very bad for China economically, and they know it.
Watch what China is doing. Leveling the power gap by buying American debt. Reaching out to the developing world to build infrastructure (e.g. building high-quality roads in Africa). China is out to make friends in the developing world and ensure that the developed world can't afford to make China an enemy. Dominance is not the end game. The goal is to make the rest of the world as dependent on China as China is on the rest of the world.
by ngureco3 years ago
Whom should we blame that China is fast overtaking the U.S. as a leading economic power?
by GA Anderson3 years ago
OK, Junko, here we go.Why is China's economic growth, and likely supplanting of the U.S. economy as the world's largest a conspiracy?Yes, sometimes forum exchanges do amount to a game, sometimes a relevant one and...
by rickzimmerman6 years ago
How would you fix what's wrong with the U.S.?And give some details, please.
by Ian Batanda3 months ago
Just curious. Can China overtake the USA as economic super power?China is growing rapidly as a world economic giant. Will a day come when China will be the biggest economy in the world?
by GA Anderson3 years ago
Thanks again to rHamsom for providing the seed for another forum thread.Economists are predicting that in 2014 China will surpass the U.S. as the world's #1 largest economy. Now, they are not saying #1 economic power -...
by My Esoteric2 years ago
The bottom line of President Reagan's Right-wing endorsed economic policy is that "if you put more money in the hands of the wealthy, it will, 1) Expand the economy, 2) Let the boat rise with the economy, and 3)...
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