22-08-2023, 11:05 AM
(21-08-2023, 07:04 AM)sgbuffett Wrote: China per capita GDP is one third of US and but its population much bigger.
Under good management China can easily surpass US GDP.
Tye forces in favor of this despite ageing population is
1. Urbanisation process that gives China baseline growth every year.
2. Upskilliingvin manufacturing to push up wages.
3. Service sector and consumption based growth.
Many of today's problem is due to self inflicted bad policies
They could have avoided and surpass US in coming years easily.
GDP is fake lah. Govt can just spend to generate gdp