In couple of decades china will dwarf combined strength of G7.... china is not going to forgive , how it takes revenge is not fully clear yet ...most probably it will screw them economically.On the Chinese social media, Chinese netizens say that the Eight Western Powers are approximately today's G7
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The US will most likely retain it's position of having the largest Nominal GDP for the foreseeable future.
It's not possible to constantly give 10% growth rate for more than two decades , it's still around 5% .....china is taking much needed breather , in her next growth cycle she will surpass G7 in per capita income....next growth cycle will be in cutting edge technology.
I think the collective West has pre-empted this already that's why they've thrown in so many spanners in the works related to 5G, Chips, AI, etc. Every single disruption has some impact on China's overall growth and it is working to some extent.
All I can say is: you cannot use Western economic theories to view the Chinese economy.I think the collective West has pre-empted this already that's why they've thrown in so many spanners in the works related to 5G, Chips, AI, etc. Every single disruption has some impact on China's overall growth and it is working to some extent.
If these annoying (but polite) disruptions didn't happen, China would still be growing over at least 8% annually.
What do you think @Michael ?
Oh wow. That's something new I've learnt today.
The 8-Nation Alliance consisted of the United States, British Empire, Germany, France, Austro-Hungary, Italy, Russia, and Japan.
Why did Russia join the Western countries and conspire against China?
So they took advantage of the situation and turned against China? Is that what you're saying?They were in Manchuria and they were also involved in building the China Eastern Railway...mostly to reach Vladivostok (their main Pacific Naval base).
Vladivostok - Wikipedia
en.wikipedia.org
Chinese Eastern Railway - Wikipedia
