Moderators please excuse me for going off topic. Nowhere else to discuss this.
China if keeps growing at 5% will hit 50 trillion dollar economy by 2040. World simply cannot accomodate that. Right now EU and US absorbs a lot of these output by giving us high tech product and service. Now we are not getting them so we must have domestic options. Then we will steal their lunch and be the most prominent tech power and service power. Then what. We will run out of things to sell, for the world cannot offer much back. This in my opinion is an existential threat to China, the currency problem is just a minor reflection.
Option 1: stop working so hard. Very tempting but will ruin the country. Water rot when stagnate. China must keep growing unless it want people grow lazy, eventually forget how to innovate. This is the proven failed path of US.
Option 2: imperialism, get the world to develop and serve the ever expanding economy. Evil and costly to be aggressive. One misstep and country overextend and fail.
Option 3: Global governing. Do the same as 2 except you don't own other country directly. Imagine doing BRI but there is no threat of American blockade. People might not even appreciate that because being lazy is nice. Developing is pain. They might even use your investment against you.
I struggle to imagine how China can survive being too succesful.
Growing larger isn't the only way China can surpass the west in gdp per capita. Most of the west just has inflated per capita due to a small number of ultra rich that own most of their assets. In terms of middle and lower class life quality, China is already on par with US/eastern EU.
So the unspoken answer to Chinese problems regarding growth cap is that when you have 10 chairs in the room and need to seat 8 Chinese and there's 6 Americans already sitting there, the easiest solution isn't to build 4 more chairs, it's to tell 4 Americans to get up.
The inflated gdp of the west must become smaller, China growing endlessly is not feasible.
There is no option for China to "not work so hard" because the population aren't the ones working especially hard, it's the whole apparatus which is an EU sized country but far more effective than the EU.
For now, just like EU has its underdeveloped hinterland, so too does China, and for the foreseeable future, China will work on bringing them up, unlike EU which has just accepted that places like Romania, Baltics or Ukraine are shit.
