The Chinese economy is expected to surpass that of the U.S. in 2028 - five years earlier than previously forecast - following fallout from the coronavirus pandemic, according to an analysis released Saturday.
Source:
https://www.msn.com/en-us/news/world/china-expected-to-surpass-us-economy-in-2028-analysis/As stated, this is 5 years earlier than last projected, due to the effects of the pandemic. The US is not going to like being in the number two spot, and even less when India’s economy then surpasses the US after that. The biggest benefit to this massive Asian economies is the sheer number of people. The United States’ best hope of competing is to increase the number of Americans and, and quickly.
The US should be drastically overhauling the skilled worker visa program to greatly increase the number of tech workers brought into the country so that the next tech mega companies are created here, and not in Asia. This is should be viewed as an area of national security. Larger militaries inevitably follow larger economies, and the US can not afford to squander the advantages while they still have them.
It isn't a comparison because China controls their entire economy. They can print money out of thin air (you know QE) predatory loans + shadow banking etc.
They can make ANY stock go up or down , because they control their economy. It's all fake.
Though i do think China has a HUGE chance to take over europe / middle east , once they have finished their belt and road initiative.
Laws and regulations are ... non existent at least to an extent. It's like a libertarians dream. (at least somewhat)