Why was China so far behind the westerners in the 1980s? It's about making that late breakthrough but I mean, it's a different issue. I don't think India will even reach half of China's average income, but if Chinese birth rates continue to fall like this and are not stopped at some point, sooner or later they will definitely pass as total nominal GDP.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
That's elementary questions, it's because the Westerners had 500 years of colonialism before that point. It's already a miracle that China managed to catch and surpass them nearly in all metrics so fast (in a fraction of that time).
Imagine if China was the one who turned to colonization at that time during the Ming Dynasty with its superior fleet both in terms of its sheer size and technology, already documented routes, etc, the West would not be a fraction of what it is today.
I always looked at the Western rise (to today's proportions) more so as being on the "lucky" side of things, and the Chinese rise more so on the "skill" side, due to how many times it rose after falling in the past and it is the civilization with the highest continuity in the history of the world.
It's also good logic because, before colonialism, the only Western block able to rival them like today, in their 5000 years long history, was the Roman Empire at its height, that's not even 10%.
Second, nominal GDP is a 100% worthless garbage metric and that will every serious economist tell you quickly if you ask him that.
Last edited:
It needs to happen. The life expectancy is rising too much for that to be a valid strategy. Russia already rose their retirement age. There were a lot of protests but the government managed to push it through.
China has one big advantage.
Rich industrialized countries like Japan, Korea and Italy are undergoing rapid demographic decline even faster than China. China has the opportunity to study these countries and see what happens to their economies in the next few decades.
It can then calibrate what measures it needs to take. It still has time.
The demographic problem will only become evident after 2050. China still has a couple of decades.
Rich industrialized countries like Japan, Korea and Italy are undergoing rapid demographic decline even faster than China. China has the opportunity to study these countries and see what happens to their economies in the next few decades.
It can then calibrate what measures it needs to take. It still has time.
The demographic problem will only become evident after 2050. China still has a couple of decades.
India will soon be a land of regular 40+ C temperatures. The Indian monsoon is also increasingly disrupted and shortened. They won't make it.
That's the gist of my problem with the Western propaganda regarding the "demographic collapse" in China. I'm not denying that it is a problem, but it's probably 10 times less of a problem than they present it as (same as real estate and stagnation "collapses" haha).
But the elites and intelligence agencies who control media have to lie about everything for their fragile societies not to implode (especially regarding how "bad" their rivals are having it), even if their points are pure stupidity because their populations are also quite brainwashed to buy it.
But, because they have to lie, we don't have to lie here. We should present it as to what it is. I mean just look at this thread, the last few posts, and how many counterpoints (or countermeasures) we pointed out against that "demographic collapse theory". I could count at least 5. So, their rhetoric should be thrown in the garbage.
Last edited:
Which job that need to employ people as much as the job that AI gonna disrupt?
Of course there will be more specialize job but It won't employs people as much as the job that get disrupted.
What china have is good infrastructure, cheap energy and pools of STEM grads which make china a technological manufacturing hub.
Demographics will gradually better as people having better quality of life.
Not necessarily, Japan and Korea are good examples. Their demographic declines are steeper. Since, China has so much ethnic similarity with them, it is likely China will follow the same demographic course as them unless decisive action is taken.
Korea is not even a rich industrialized country. Korea is just a bragging country without any fundamental technology.