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Chinese GDP will be more than double that of the US in under a decade, if recent growth rates persist.
(www.worldeconomics.com)
this post was submitted on 04 Apr 2024
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Imna be real, the growth rates do not persist.
I mean, obviously this won't go on forever, but China is a country of 1.4 billion, so it can reasonably aim for at least triple the US economy.
That is true! There is a place where they'll end up, but predicting based on long term extrapolation isn't usually good.
As a rule I agree, but I think in this particular case we do have a pretty good track record in China, and they do publish their 5 year plans so we know what their targets are. In this case it's more nuanced than just saying they're going to keep growing because they have been growing.
That's a really good point. They do seem to have a habit of doing what they set out to. I see what you mean now, I was thinking too capitalist.