The ‘China Century’ Is Over
Issues & Insights,
by
The Editorial Board
Original Article
Posted By: RockyTCB,
8/25/2023 6:48:00 AM
For decades we’ve heard that China will some day, very soon, be the world’s hegemon, both through its stunning economic growth and its rising military might. Move over, America, here comes China. Just as the 1900s were the “American Century,” the 2000s would be the “China Century.” Not so fast.
Google “The China Century” and you get 1 billion hits. It’s that ingrained as an economic truism.
But in recent years, China has entered a kind of doom loop of debt accumulation, population shrinkage and a productivity slowdown that is eroding its once powerful economic growth and threatens
Reply 1 - Posted by:
Hazymac 8/25/2023 7:14:16 AM (No. 1541946)
Socialism, to which Xi us returning, will eventually kill China economically. As the editorial writer warns, America should not go down the same path (but is under the Resident and the Uniparty).
14 people like this.
Reply 2 - Posted by:
Jesuslover54 8/25/2023 7:42:45 AM (No. 1541958)
Yep. They had their shot and they blew it.
They forgot about "capitalism with Chinese characteristics" and went full commie.
11 people like this.
Reply 3 - Posted by:
Strike3 8/25/2023 7:44:45 AM (No. 1541960)
A war between the US and China would fulfill the Globalists' dreams. Two big superpowers would wipe themselves from the face of the Earth and reduce the population tremendously. Problem is, who is going to fund NATO, the UN, World Health, Green Madness and keep Europe afloat once the big piggy banks are gone?
9 people like this.
Reply 4 - Posted by:
czechlist 8/25/2023 8:08:14 AM (No. 1541990)
In the early nineties Japan was becoming the world's economic powerhouse and it was predicted they would surpass the US.
IMO it never materialized because their children became "westernized" and lost the initiative. The same may be happening in China.
10 people like this.
Reply 5 - Posted by:
Rather Read 8/25/2023 8:21:23 AM (No. 1541996)
I think India may have a shot at being the big kid on the block. The country has potential, but it has problems too. We'll see.
9 people like this.
Reply 6 - Posted by:
paral04 8/25/2023 8:33:54 AM (No. 1542006)
Where is this information coming from? If you go to Panama and see the ships loaded with Chinese goods lined up for miles to go through the canal shows me that China is making all kinds of money off stupid Americans that allowed our manufacturing to go over to China.
15 people like this.
Reply 7 - Posted by:
red1066 8/25/2023 9:16:22 AM (No. 1542042)
It appears that China's economic growth is tied to that of the U.S. When the U.S. economy hits the skids, so does China's. Both countries' economies are being run by communists/socialists. Look at the past economic data from past demolsut run regimes. Yes, Clinton's economy was somewhat robust, but that was a hangover from Reagan and a Congress run by Republicans. Clinton knew that going along was better than fighting. His idiot wife did not. Obozo made it his goal to tank the U.S. economy and its society as much as he could, and he's running the Biteme administration to continue his goal. Once the U.S. economy bounces back, so will China's.
6 people like this.
Reply 8 - Posted by:
stablemoney 8/25/2023 10:38:23 AM (No. 1542098)
China has returned to communist tyranny, and its growth has stopped, leaving the country with piles of debt that will never be paid.
5 people like this.
Reply 9 - Posted by:
DVC 8/25/2023 10:59:35 AM (No. 1542116)
China's currently largest economic disaster has been caused by their attempts to constrain economic freedom.
Without safe investment markets like our stock markets, or bond markets, most middle class folks who wanted to "save for the future" chose real estate, one of the few long term investments that was available.
So a large chunk of a billion people took their savings and for many years put them into buying an apartment 'for the future' with the idea of selling it at some time to get back their investment, plus some expected growth of that investment.
Seems reasonable, right?
This resulted in the building of 65 million empty, unfinished apartments, which makes up 50 whole ghost cities, complete with shopping malls, wide boulevards, streets, shrubbery - everything except people.
These so-called ghost cities were built in the countryside, and there were and are no jobs near them. The population of China, instead of continuing the huge growth of generations past, is shrinking. So, 65 million apartments which will never, ever be occupied. Owned by many, many millions of ordinary Chinese, and after years of paying, they are stopping, realizing that their "investment" is worth nothing, and no one will buy it.
The largest Chinese real estate company, Evergrande, has already collapsed into bankruptcy. Dozens of "completed" apartment buildings have already been blown up. They have no interiors, for Chinese cultural reasons, each home is finished inside only by the person who will live in it.
The second largest Chinese real estate company, Country Garden, is circling the drain, will collapse soon.
Additionally, the pandemic made many non-Chinese companies realize that 'on shoring' or 'near shoring', bringing back production capacity to the USA or at least North America, is far safer than depending on China. No more growth in Chinese industry paid for by outside money. China cannot consume internally more than a fraction of the goods that they produce, so products are piling up. Tens of thousands of unsold electric cars. Millions of excess bicycles. Those are the ones too big to hide.
Spend some time on YouTube, see it with your own eyes. A guy who lived in China for years does a lot of interesting, educational videos...look up a YouTuber called 'serpentza', an former South African.
China has peaked and is heading downward economically and demographically. This likely makes them particularly dangerous to their neighbors as Xi may lash out in anger and frustration.
10 people like this.
Reply 10 - Posted by:
DVC 8/25/2023 11:02:03 AM (No. 1542117)
Re #4....close on Japan, but instead of "the children becoming westernized".....there were no children. Japan just stopped having children. Look at their demographics.
Same in China, but by law. And then the natural reduction in children born once they are off the farm. A child on a farm is free labor. A child in the city is a mouth to feed. People in cities have fewer, always have.
8 people like this.
Reply 11 - Posted by:
planetgeo 8/25/2023 11:19:44 AM (No. 1542132)
The China Century will be over when all the Costco, Walmart, and Amazon shoppers start checking and refusing to buy anything that is "Made in China".
7 people like this.
I'm old enough to remember when it was going to be the Japanese century!
3 people like this.
Reply 13 - Posted by:
MattMusson1 8/25/2023 3:54:35 PM (No. 1542332)
This will be the NORTH AMERICAN CENTURY.
Mexico is low cost producer for low end manufacturing and assembly.
The USA is low cost producer for High End Manufacturing and Design
Canada is massively expanding their raw material mining and participating in select niche manufacturing.
3 people like this.
Reply 14 - Posted by:
danu 8/26/2023 5:20:17 PM (No. 1542995)
like most mrxistas, heaven's emperor skated on the previous prosperity of prior reforms dating back to the RWR administration.
between 'The Party' in china and here, under the obummeroids, there are now unaccounted - for trillions missing
in so-called ''bad loans''. oopsie. ...
0 people like this.
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