With fears of US hegemony collapsing soon, many are wondering which will become the world's biggest superpower. Currently, China is the second-largest economy in the world. It has been advancing rapidly, especially in the areas of AI, and EVs (Electric Vehicles). Companies like Deepseek and BYD are becoming a "force to reckon with".
This makes me wonder if soon China will surpass the US as the world's largest economy? If not, why? What do you think will happen if China reigns supreme in the future? Will it become the leading force of the New World Order?
Your input would be greatly appreciated. Thank you.
This makes me wonder if soon China will surpass the US as the world's largest economy? If not, why? What do you think will happen if China reigns supreme in the future? Will it become the leading force of the New World Order?
Your input would be greatly appreciated. Thank you.
It's amazing that it hasn't happened a long time ago if you think about it. There are approx. 1 billion people in China compared to the roughly 350 million in America, yet for decades they were so far behind in development. China has industrialised their economy a huge amount in the last 30 years and this has allowed them to catch up, by doing all the jobs that were exported from elsewhere for cheaper. They have one thorn that has both helped them grow but will also stifle their full potential in future - they have a centralised form of government. That means people are less innovative and willing to take risks, because there can be wide ranging repercussions for failure - beyond what you see in other countries and more akin to North Korean oppression. There is also lots more self censorship which limits expression that is key for growth.