BreatheUT
Party of Joy!
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- Dec 2, 2017
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Read an article yesterday that said China supplanting the US as the largest economy is now highly unlikely based on data learned in the last couple years. A rogue Chinese guy hacked the gov computers and got the census data most recently available...china only has 1.28BN people not the 1.4 to 1.5BN the government claims....their population actually started decreasing in the late 90s and the average chinese woman today only gives birth to 0.8 children average...they comtinued the archaic "1 child rule" for decades longer than it could have possibly had any benefit. Their economy is in the crapper like ours or worse...their shrinking population is also aging out quickly with their version of "boomers" set to begin taking a massive drain on public assistance funds beginning between 2025 and 2030...there will have to be cutbacks to military and other spending just to support the huge wave of elderly folks aging out of the workforce etc...
They said India is actually the most likely country to displace the US as the worlds largest GDP now. They have roughly the same population as China but theirs is still steadily and slowly growing. India is also apparently modernizing more and more of their country as they have steadily improved the quality of their schools and have become more prominent in the technological fields/computers. They are however still not guaranteed to ever surpass the US...despite having more than 3x our population. Fortunately we have a much better relationship with India than China, even selling them much of their aircraft etc. They hate China too lol....
I hope that all these researchers are correct. We have already seen where the real estate market has tanked in China and the runs on banks with riots etc....there are definitely holes in their Chinese armor. Hope they are about to get a big slice of humble pie and stop trying to bully their neighbors and acting belligerent in the seas.
When you can use slave labor and steal technology it comes with advantages.