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by coldtea
2085 days ago
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>China may challenge the US in terms of being a big unified market, for sure. Given the geopolitical situation however most likely China's innovation will stay focused on China, and the rest of the world will continue to be led by the US for the reasons above. The "rest of the world" is increasingly Europe, if that. The rest of Asia, Africa, Australia, and perhaps Latin America, wont have as many issues being led by China. |
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US + Europe, along with other US aligned nations (Japan, Australia, NZ etc) account for >50% of the world GDP[1].
> The rest of Asia ... wont have as many issues being led by China.
Any more details to back this assertion? Just a brief glance at the current geopolitical events reveal the following Asian countries having issues with China: Japan, India, South Korea, Taiwan, Vietnam. Some other are heavily aligned with the US (Israel, Saudi Arabia, Kuwait, UAE, ...). A lot of these have significant populations and/or economies in Asia.
[1] https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nomi...