US Navy Chief : U.S. Cannot Outspend China, Must Use Allies To Counter

[Gary]

Poll Says China Has Passed America Economically

Poll Says China Has Passed America Economically Saturday, October 9, 2021 As competition between the United States and China intensifies, more Americans now say the Asian country is more powerful economically, a reversal from two years ago when a plurality said the United States had an...

defencehub.live

The July Chicago Council poll found 40 percent saying China is currently stronger in its economic power, compared with 27 percent who said the United States was stronger and 31 percent who said the nations are about equal. By contrast, the group’s 2019 survey found Americans saying the United States was stronger by a 38 percent to 31 percent margin, with 29 percent saying the two were about equal.



This poll are from random people, most with no economic background lmao.

OTOH this is what China currently faces:

Since the late 2000s, however, the drivers of China’s rise have either stalled or turned around entirely. For example, China is running out of resources: Water has become scarce, and the country is importing more energy and food than any other nation, having ravaged its own natural resources. Economic growth is therefore becoming costlier: According to data from DBS Bank, it takes three times as many inputs to produce a unit of growth today as it did in the early 2000s.

China is also approaching a demographic precipice: From 2020 to 2050, it will lose an astounding 200 million working-age adults—a population the size of Nigeria—and gain 200 million senior citizens. The fiscal and economic consequences will be devastating: Current projections suggest China’s medical and social security spending will have to triple as a share of GDP, from 10 percent to 30 percent, by 2050 just to prevent millions of seniors from dying of impoverishment and neglect.

State zombie firms are being propped up while private firms are starved of capital. Objective economic analysis is being replaced by government propaganda. Innovation is becoming more difficult in a climate of stultifying ideological conformity. Meanwhile, Xi’s brutal anti-corruption campaign has deterred entrepreneurship, and a wave of politically driven regulations has erased more than $1 trillion from the market capitalization of China’s leading tech firms.

The Chinese economy has been losing steam for more than a decade: The country’s official growth rate declined from 14 percent in 2007 to 6 percent in 2019, and rigorous studies suggest the true growth rate is now closer to 2 percent. Worse, most of that growth stems from government stimulus spending. According to data from the Conference Board, total factor productivity declined 1.3 percent every year on average between 2008 and 2019, meaning China is spending more to produce less each year. This has led, in turn, to massive debt:

China Is a Declining Power—and That’s the Problem

The United States needs to prepare for a major war, not because its rival is rising but because of the opposite.

foreignpolicy.com

 

[xizhimen]

The July Chicago Council poll found 40 percent saying China is currently stronger in its economic power, compared with 27 percent who said the United States was stronger and 31 percent who said the nations are about equal. By contrast, the group’s 2019 survey found Americans saying the United States was stronger by a 38 percent to 31 percent margin, with 29 percent saying the two were about equal.



This poll are from random people, most with no economic background lmao.

OTOH this is what China currently faces:

Since the late 2000s, however, the drivers of China’s rise have either stalled or turned around entirely. For example, China is running out of resources: Water has become scarce, and the country is importing more energy and food than any other nation, having ravaged its own natural resources. Economic growth is therefore becoming costlier: According to data from DBS Bank, it takes three times as many inputs to produce a unit of growth today as it did in the early 2000s.

China is also approaching a demographic precipice: From 2020 to 2050, it will lose an astounding 200 million working-age adults—a population the size of Nigeria—and gain 200 million senior citizens. The fiscal and economic consequences will be devastating: Current projections suggest China’s medical and social security spending will have to triple as a share of GDP, from 10 percent to 30 percent, by 2050 just to prevent millions of seniors from dying of impoverishment and neglect.

State zombie firms are being propped up while private firms are starved of capital. Objective economic analysis is being replaced by government propaganda. Innovation is becoming more difficult in a climate of stultifying ideological conformity. Meanwhile, Xi’s brutal anti-corruption campaign has deterred entrepreneurship, and a wave of politically driven regulations has erased more than $1 trillion from the market capitalization of China’s leading tech firms.

The Chinese economy has been losing steam for more than a decade: The country’s official growth rate declined from 14 percent in 2007 to 6 percent in 2019, and rigorous studies suggest the true growth rate is now closer to 2 percent. Worse, most of that growth stems from government stimulus spending. According to data from the Conference Board, total factor productivity declined 1.3 percent every year on average between 2008 and 2019, meaning China is spending more to produce less each year. This has led, in turn, to massive debt:

China Is a Declining Power—and That’s the Problem

The United States needs to prepare for a major war, not because its rival is rising but because of the opposite.

foreignpolicy.com

I can find thousands of articles claiming China will overtake US , even from world bank and IMF, Polls are designed for random people to show the general sentiment, let wait and see, it's too early to show who could be right. another 10 year can bring out a very clear picture.

 

[Gary]

I didn't ignore it or support it, I pointed out there are many contradicting analysis, but the majority see China would overtake US in a decade or so, but of course not everyone agree, check out the poll.

US citizens too think that Japan would overtake the US in the 80s, didn't happen.

 

[xizhimen]

US citizens too think that Japan would overtake the US in the 80s, didn't happen.

I dont' know about it, link? but Japan doesn't have a robust domestic market and is bascially under US control, Japan has to do US biddings even against its own interest, those are very different from the situation in China.

 

[xizhimen]

Allies are never reliable, countries switch camps to suit their own national interest, US should've long realised by now that they just can't contain China, the window had long closed, they have to accept a multi polar world, their sole global dominance is gone and won't come back again.