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Will China’s economy surpass ours due to covid 19?
Posted on 3/22/20 at 9:20 pm
Posted on 3/22/20 at 9:20 pm
There are reports of up to 50% drop in GDP.
Isn’t there a national security prerogative to consider in terms of the trade off in reducing deaths due to corona and harm to the economy?
https://www.bloomberg.com/amp/news/articles/2020-03-22/fed-s-bullard-says-u-s-jobless-rate-may-soar-to-30-in-2q
Isn’t there a national security prerogative to consider in terms of the trade off in reducing deaths due to corona and harm to the economy?
https://www.bloomberg.com/amp/news/articles/2020-03-22/fed-s-bullard-says-u-s-jobless-rate-may-soar-to-30-in-2q
Posted on 3/22/20 at 9:21 pm to mastersoftext
Great question for the money board
Posted on 3/22/20 at 9:21 pm to mastersoftext
Half of China's GDP is from exports, so I'd say no. This assumes they've been telling the truth.
Posted on 3/22/20 at 9:22 pm to mastersoftext
It will surpass ours regardless in time although it pains me to say it. To be clear I’m taking about like the 40s or 50s. Hopefully won’t happen for a while
This post was edited on 3/22/20 at 9:31 pm
Posted on 3/22/20 at 9:23 pm to red sox fan 13
I understand but should we give it up so easily in such a short period of time.
If China - an authoritarian 1984 style regime - surpasses us, how many deaths are worth it to prevent this.
If China - an authoritarian 1984 style regime - surpasses us, how many deaths are worth it to prevent this.
Posted on 3/22/20 at 9:24 pm to red sox fan 13
quote:
It will surpass ours regardless in time although it pains me to say it
Lol. Nah. Not even close.
Posted on 3/22/20 at 9:25 pm to mastersoftext
The best possible outcome of this is if our country gets over itself in regards to this “evolved serviced based economy” and gets itself off the Chinese teat and manufactures stuff for ourselves again.
This lifted the facade of globalization. It is a national security issue
This lifted the facade of globalization. It is a national security issue
This post was edited on 3/22/20 at 9:26 pm
Posted on 3/22/20 at 9:25 pm to mastersoftext
Don’t know the answer, but I sure hope China’s factories start working overtime and consume oil like never before.
Posted on 3/22/20 at 9:28 pm to kciDAtaE
China’s economy is in as bad a shape as ours is going to be.
Posted on 3/22/20 at 9:29 pm to tiggerthetooth
They play the long game- they will be stable under a dictator while we flip flop in democracy. They’ve been steadily moving up in GDP since the 80s. At some point we will stagnate and they will pass us. They own too many countries now. Of course I hope it never happens but it probably will at some point unless something catastrophic happens to China. We can only hope
Posted on 3/22/20 at 9:29 pm to mastersoftext
Not after we get by this.
shite is going to explode and millionaires will be made from the resurgence.
Trade well.
shite is going to explode and millionaires will be made from the resurgence.
Trade well.
Posted on 3/22/20 at 9:31 pm to mastersoftext
They will one day. 1.5 billion vs less than 400 million. Their gdp will exceed ours in the next 10 years. But the US will have a larger per capita
Posted on 3/22/20 at 9:33 pm to red sox fan 13
(no message)
This post was edited on 2/9/21 at 9:26 pm
Posted on 3/22/20 at 9:40 pm to red sox fan 13
quote:
They play the long game- they will be stable under a dictator while we flip flop in democracy.
You really believe China's underlying politics is stable?
You're ignoring the entire history and culture of the way China has worked.
Several prognosticators have already predicted China won't be unified within the next decade.
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