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Will China’s economy surpass ours due to covid 19?

Posted on 3/22/20 at 9:20 pm
Posted by mastersoftext
Member since Nov 2019
126 posts
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
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
78698 posts
Posted on 3/22/20 at 9:21 pm to
Great question for the money board
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
64702 posts
Posted on 3/22/20 at 9:21 pm to
Half of China's GDP is from exports, so I'd say no. This assumes they've been telling the truth.


Posted by red sox fan 13
Valley Park
Member since Aug 2018
19239 posts
Posted on 3/22/20 at 9:22 pm to
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 by mastersoftext
Member since Nov 2019
126 posts
Posted on 3/22/20 at 9:23 pm to
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.
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
64702 posts
Posted on 3/22/20 at 9:24 pm to
quote:

It will surpass ours regardless in time although it pains me to say it




Lol. Nah. Not even close.
Posted by Adam Banks
District 5
Member since Sep 2009
38551 posts
Posted on 3/22/20 at 9:25 pm to
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 post was edited on 3/22/20 at 9:26 pm
Posted by kciDAtaE
Member since Apr 2017
17803 posts
Posted on 3/22/20 at 9:25 pm to
Don’t know the answer, but I sure hope China’s factories start working overtime and consume oil like never before.
Posted by LSUBadger
Member since Jan 2014
2238 posts
Posted on 3/22/20 at 9:28 pm to
China’s economy is in as bad a shape as ours is going to be.
Posted by red sox fan 13
Valley Park
Member since Aug 2018
19239 posts
Posted on 3/22/20 at 9:29 pm to
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 by SEClint
New Orleans, LA/Portland, OR
Member since Nov 2006
49487 posts
Posted on 3/22/20 at 9:29 pm to
Not after we get by this.

shite is going to explode and millionaires will be made from the resurgence.

Trade well.
Posted by GeauxZone90
Baton Rouge
Member since Jul 2010
3713 posts
Posted on 3/22/20 at 9:31 pm to
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 by ExtraGravy
Member since Nov 2018
979 posts
Posted on 3/22/20 at 9:33 pm to
(no message)
This post was edited on 2/9/21 at 9:26 pm
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
64702 posts
Posted on 3/22/20 at 9:40 pm to
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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