RE: China's nationalism mutating into aggression
July 3, 2013 at 1:00 pm
(This post was last modified: July 3, 2013 at 1:55 pm by Anomalocaris.)
(July 3, 2013 at 10:48 am)Jaysyn Wrote: So which is it? Is China's economy really going to hit #1 or are they facing a bank collapse per this Forbes article from last month?
The two are not muturally exclusive. Chinese economy is overwhelmingly likely to become No 1 before 2020 whether they face a severe banking crisis or not. In the standard case, they would overtake the US in 2016, in the worst case, they woulld overtake the US in 2018.
The only things that could stop the Chinese before China would overtake the US would be:
1. War with the US
2. Collapse of the communist government leaving a power vacume.
Both seem exceedingly unlikely to happen in the near future.
