Comparing US State GDPs with countries.

[ArcticGabe]

SamuelRSmith said:

Badassbab said:

Also we have seen it before when supposedly another country would overtake the US economy. Japan for one. Germany perhaps.  Heck even the USSR at one time. Look how they all they turned at.

Haha, yes, the world of the 80s and early 90s was one of the "rise of Japan". Of course, the whole thing was flawed because of severe demographic issues, as well as the fact that Japan is far smaller in terms of land/resources and population to the USA - something where China clearly has the upper-hand.

However, China's growth is based on some severely flawed economic principles, and the Government are actually creating a weak demographic structure (1 child policy = rising population age).

What you've said is right, though, it's very, very hard to predict what will happen... even if it looks blatantly obvious (ie. rise of China).

Except China is very different this time, it's growth has been driven mainly by internal demand now according to the 2010's figure. They can easily sell those junks they made in their own country instead of walmart... China has 1.3 billion population, so potentially the Chinese market could be 4 times bigger than USA's. and 13 times of Japan's.

I remember back in the 90's many predicted China would collapse during the first decade in 21st century, even the most optimistic prediction was like the GDP of China's would match Japan's in 2020, and USA's in 2050... Now look what has happened. Back in 8 years, China only ranked 7th in Normal GDP, (USA, JP, Germany, UK, France, Italy, China) now the Chinese GDP is 2.5 times of UKs almost twice of Germany's (remeber China only matched Germany's GDP 3 years ago?). All of these happened within one decade.

Yes, the future is hard to predict, but the rise of China is so obvious and unstoppable, instead of fighting it, I suggest we embracing it...