I think China should and can grow faster than 5% in the medium term (before 2035, say). That said, the US per capita GDP is greatly inflated by the dollar's reserve currency status and the US hegemony in general. They will be threatened by China's continual rise and the growing Chinese power in all dimensions. That's why the US ruling elites are scared and are hell-bent on preventing China's rise.
Chinese Economics Thread
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I think China should and can grow faster than 5% in the medium term (before 2035, say). That said, the US per capita GDP is greatly inflated by the dollar's reserve currency status and the US hegemony in general. They will be threatened by China's continual rise and the growing Chinese power in all dimensions. That's why the US ruling elites are scared and are hell-bent on preventing China's rise.
Growth should always be preferred .
But the thing with these per capita comparisons is that it doesn't take into account individual debt and cost of living. 68 grand is cool and all but then how come more than 52% Americans live from paycheck to paycheck.? This simply means they are hardly left with anything after paying their bills.
GDP per capita also hides nature of wealth distribution. Bermuda has a Per Capita GDP of $111,000. Quite a lot right? Yet 20% of its population lives below the poverty line.
Hence GDP per capita shouldn't be something China needs to obsess with as it'll never show the true picture. Rather the quality of life needs to be focused upon and thats observed through indicators like the environment, physical and mental health, education, recreation and leisure time, social belonging, safety, security etc . Yes US is ahead of China in most socio-economic metrics but the gulf is reducing each year.
More like the other way around - crypto is going lower because China pulled the plug.
GDP per capita is important since basic living costs have a ceiling even in rich countries. The higher the GDP per capita, the more excess per person you can siphon away into things like a gigantic war fleet or space colonization program before the people start food riots in the street.
With the recent 1 billion tonnes of oil found in Tarim Basin I wonder whether China could create another new oil city in the area following the model of Korla
The main Xinjiang unrest came from the Kashgar Hotan Aksu triangle because they are located in the western region of Xinjiang and the entire region has an overwhelming Uighur majority.
A new city with Han/Hui/Kazakh majority located in the middle of these areas would be the thing China needs to maintain a firm control over the western region.
The main Xinjiang unrest came from the Kashgar Hotan Aksu triangle because they are located in the western region of Xinjiang and the entire region has an overwhelming Uighur majority.
A new city with Han/Hui/Kazakh majority located in the middle of these areas would be the thing China needs to maintain a firm control over the western region.
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