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RE: Will China Overtake The United States?
The main reason China growing fast last 30 years is that China is the world factory. But the role is going to an end now. In order to overtake U.S., China has to beat U.S. in new technology in next decades.
I think china would beat U.S on a condition, and thats if the technology level of USA stops or declines which is not possible, its never been in the history of U.S.A that their technoly advancement delines, theres always provision ahead for the advancement in their technology ...
It also seems that China is ahead of the game in terms of app development. I mean WeChat is like a super app and not too mention their very Black Mirror-esque implementation of the Citizens Rating system...
America was the worlds factory for WW2. That's how we gained the economic drivers seat. At that time, made in America was a stamp of durability. The world is much bigger than technology. With the rise of cryptocurrencies, the playing field is much more level than it was. Those who serve always seem to rise to the top. They are willing to work long hard hours.
China has better government (yea it’s communist but it’s the most capitalist country in the world), they actually want to fix the flaws and really do things for people. There is also only one party in China meaning there is no conflict between parties. Having one party means that they don’t have to waste a bunch of time (time is gold) and tens of billions of dollars every 4 years just because people needs to elect a new leader. President in China is not elected by whoever that runs the prettiest campaign but by the National People’s Congress, judged by you as a person (good or evil), past contributions and achievement, moral, sense of justice, determination, thoughts, education etc… This cancels out the chance of a having a incompetent idiot who will run the country for the next 5 years.