Trump is hell bent on accelerating China’s way to the top.
Except in many aspects they are no longer on the way, they are already there, so what Trump is doing, is also helping China increase their lead.
Many think China is still just a low level production hub for the world. But the reality is that China is already outsourcing production to neighboring countries, and China is now among the world leaders in 8 out of 10 key industries for the future, unmatched by any other country or EU.
They just have so many people. They could replace entire major foreign industries and still have people left over.
Couple that with a government willing to do whatever infrastructure and monitary policy and you end up with a ton of growth.
The US may have just had a corporate takeover and will end probably end up looking more like China or Russia going forward.
There are a lot of natural resources here and if you’re not particularly concerned with the local environment or economy, you could probably get a lot done.
I also can’t imagine a future without China having the largest consumer class going forward and that probably represents a valuable market.
Yes more than USA and EU combined, but it used to not help much, because they were so far behind. The progress for the past half century is really remarkable by any standard.
Couple that with a government willing to do whatever infrastructure and monetary policy
China has absolutely been killing it on developing infrastructure and education for half a century.
But despite that, authoritarian states, like dictatorships and the 1 party system of China belong to, usually never has that or really can leverage it even if they have decent policies. Because it usually turns out to be a matter of working for the oligarchs, and working for the oligarchs is generally little different than working for the Mafia, and that stifles development. But somehow they’ve made it work in China.
if you’re not particularly concerned with the local environment or economy, you could probably get a lot done.
In some regards they are doing more for the environment than USA. I’m not sure what you mean by not caring about the economy, because they absolutely do. But they have a different perspective on it that seems more like Europe than American. I think what EU is to USA is what China is to Europe in that regard. In China they look more at the big picture, while USA is very focused on the money here and now.
going forward and that probably represents a valuable market.
They already do, in many respects China is already the biggest market, in for instance Mobile phones, Electric vehicles, housing etc. China is already by far the biggest market. And for instance apart from Apple and Samsung being number 1 and 2, China has the next 8 biggest phone makers in the world, and Huawei actually was #1 at a point, until USA prevented them from using Android and the best chips.
What I’m really curious about is the coming mega projects China will probably be able to do, that will potentially far exceed what any other country is capable of. This can be both in engineering and science.
USA did the atom bomb, integrated circuits, moon landing, Internet, and was a leader of democracy for making democracy the most popular form of governance.
No doubt USA has had a historically huge impact on modern civilization, and I suspect we will see similar things from China in the future. Hopefully not so much like the Atom bomb, but more all the other stuff.
Trump is hell bent on accelerating China’s way to the top.
Except in many aspects they are no longer on the way, they are already there, so what Trump is doing, is also helping China increase their lead.
Many think China is still just a low level production hub for the world. But the reality is that China is already outsourcing production to neighboring countries, and China is now among the world leaders in 8 out of 10 key industries for the future, unmatched by any other country or EU.
They just have so many people. They could replace entire major foreign industries and still have people left over.
Couple that with a government willing to do whatever infrastructure and monitary policy and you end up with a ton of growth.
The US may have just had a corporate takeover and will end probably end up looking more like China or Russia going forward.
There are a lot of natural resources here and if you’re not particularly concerned with the local environment or economy, you could probably get a lot done.
I also can’t imagine a future without China having the largest consumer class going forward and that probably represents a valuable market.
Yes more than USA and EU combined, but it used to not help much, because they were so far behind. The progress for the past half century is really remarkable by any standard.
China has absolutely been killing it on developing infrastructure and education for half a century.
But despite that, authoritarian states, like dictatorships and the 1 party system of China belong to, usually never has that or really can leverage it even if they have decent policies. Because it usually turns out to be a matter of working for the oligarchs, and working for the oligarchs is generally little different than working for the Mafia, and that stifles development. But somehow they’ve made it work in China.
In some regards they are doing more for the environment than USA. I’m not sure what you mean by not caring about the economy, because they absolutely do. But they have a different perspective on it that seems more like Europe than American. I think what EU is to USA is what China is to Europe in that regard. In China they look more at the big picture, while USA is very focused on the money here and now.
They already do, in many respects China is already the biggest market, in for instance Mobile phones, Electric vehicles, housing etc. China is already by far the biggest market. And for instance apart from Apple and Samsung being number 1 and 2, China has the next 8 biggest phone makers in the world, and Huawei actually was #1 at a point, until USA prevented them from using Android and the best chips.
What I’m really curious about is the coming mega projects China will probably be able to do, that will potentially far exceed what any other country is capable of. This can be both in engineering and science.
USA did the atom bomb, integrated circuits, moon landing, Internet, and was a leader of democracy for making democracy the most popular form of governance.
No doubt USA has had a historically huge impact on modern civilization, and I suspect we will see similar things from China in the future. Hopefully not so much like the Atom bomb, but more all the other stuff.