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jurli | 1 year ago

It's literally happening lol. When you were a kid China was making shoes and their GDP is 10% of the US. Now they're making drones / evs / high end electornics and it's 80%. This is why people's perception is so unreliable because it's impossible to notice things when they happen over a lifetime

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lolinder|1 year ago

And now they're at the point where the population pyramid is collapsing. It's hard to make any predictions about the future when they got here riding a baby boom and now their ratio of elderly to working age is about to go through the roof.

https://www.populationpyramid.net/china/2023/

A_D_E_P_T|1 year ago

Japan, Germany, Italy, and numerous other countries are all much worse off. Assuming things don't change, China in 2050 will be in approximately the same position as Japan today.

Germany and Italy, to take but two examples of large Western economies, haven't had native above-replacement TFR since ~1970.

Even in the US, TFR is well below replacement right now, and in fact is basically comparable to China's TFR from 2010-2017.

> https://www.cdc.gov/nchs/data/vsrr/vsrr035.pdf

US population growth is sort of immigration-dependent, which, let's put it this way, isn't an unalloyed good thing.

talldayo|1 year ago

When I was a kid, China was a lot better integrated with the international community. Right now their relationships are far and few between, rarely featuring first-world nations.

If Russia couldn't beat NATO in a pitched fight against the rest of the world, neither can China.

freehorse|1 year ago

> When I was a kid, China was a lot better integrated with the international community. Right now their relationships are far and few between, rarely featuring first-world nations.

Maybe in western media depictions it would seem so, but eg china invests more and more in europe over the years. Moreover, BRICS are roughly half of world's population. Perceptions of what "the world" or "international relationships" mean are sometimes distorted in the west.

joshbaptiste|1 year ago

As a sovereign nation rises in power you'll notice how it slowly starts losing favor from USA

caycep|1 year ago

The question in a rational mind is, why would it even bother? US/China partnership is the most economically successful in world history, even more so than US/UK or AUKUS. But the downside of CCP government structure is that paranoia at the top ranks has a good probability of overruling rationality.

Albeit US cannot speak as US-centric paranoia/"exceptionalism" may do the same thing...and the electorate voted to self destruct the government despite US economy being the strongest in decades.

FpUser|1 year ago

>"If Russia couldn't beat NATO in a pitched fight against the rest of the world, neither can China."

The "rest of the world" is not limited by NATO. And China is not fighting "the rest of the world". It trades with it, invests and does all kinds of other things. But sure keeping one's head in a sand is a nice position.

kayewiggin|1 year ago

> making drones / evs / high end electornics

China does have a current advantage on lithium battery and rare earth materials - dumb technologies that US and allies can replicate fairly quickly, less than a year. EUV and 3nm and below on the other hand, will take decades, since it involves a number of different and deep technologies controlled by dozens of companies. China has thrown $150B on it since 2014, and has only come up with low yield/unprofitable 7nm via existing DUV machines.

> 80% GDP

China's demographics will more than HALF to 500M by 2100, if not earlier, while US grows to close to 400M by then. Someone actually theorizes that China's population is already only 800M right now https://www.youtube.com/watch?v=fR5F_8dSjOw

Also, a lot of that GDP is debatable in 2024, when real estate prices have dropped by more than 50% in tier 2 and below cities, and deflation has raged on.

roenxi|1 year ago

> when real estate prices have dropped by more than 50% in tier 2 and below cities, and deflation has raged on.

Can other economies copy that part? I know a bunch of people who'd like to be able to afford more houses & more groceries at the same time. I'd like that, I can't realistically afford a house in the city I live in without a 50% price drop.

I'm sure China has a lot of problems, but key goods getting cheaper is not one of them. What I'm guessing you meant to say is that retirees were led to put too much of their savings into the housing market and are discovering there is a glut. Which is tragic for them. But prices dropping is a good thing; the unachievable ideal is a utopia where everything is free, ie, 100% deflation.

eunos|1 year ago

> dumb technologies that US and allies can replicate fairly quickly

Laugh in Northvolt

> $150B on it since 2014, and has only come up with low yield/unprofitable 7nm via existing DUV machines

Considering that there are less than 5 countries on Earth that can fab 7nm semiconductors, that aint bad.

FooBarWidget|1 year ago

So why aren't US and allies demonstrably replicating EVs (and other kinds of green technology) quickly? Tesla is still pretty much the only serious player. Why are CEOs of major western carmakers painting a very different picture than what you describe here? Where are the serious EU/US battery makers that are globally competitive? It looks to me like the EU has chosen the worst of all options: put up tarriff barriers while also not having serious domestic EV makers, and also not stimulating domestic EV development.

Saline9515|1 year ago

Northvolt is a good example of why it is not so simple to replicate China's success in lithium battery production.

protomolecule|1 year ago

>a lot of that GDP is debatable in 2024

While the share of services in the US GDP is more than 3/4. What will you do with all these expensive NY lawyers when push comes to shove? Sue China's drones?