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by baybal2
1656 days ago
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> as they are quickly catching up in salaries and standard of living, it will level off (sure, their domestic market is huge as well and gives them another few years or a decade). Extremely naive. There are plenty of dirt rich countries, countries way more well off than USA which are still completely totalitarian. |
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Basically, none of that convinces me that Chinese economy will continue to see exponential growth as their salaries get closer to Western salaries, and that it will not run into stagnation at that point. This was just a retort to a claim that China will continue to have prospering economy in foreseeable future which allows them to be more formidable and threatening to our freedom.
I am totally not an expert though, but country wealth (esp not those countries driven by natural resource exports) is not a good indicator of future economic performance: sure, it allows a country to pivot and prepare for the change better.