Can the USA outbuild China's expansion ?, page-76

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    @moorookamick

    (1) 1.4 billion population base , most of which have been taken out of poverty during the past generation ( positive momentum)

    America did that. They ensured, at their own cost, freedom of navigation of the world's trade routs after the war and [under the false assumption that China would become a world citizen like Japan] turned a blind eye to IP theft and protectionism. Those days are over. Trump made a lot of noise about this and the dems screamed but Biden has largely left sleeping dogs lie.

    (2) a command economy that can quickly react to global financial crises (eg 2008/09)

    Are you saying the the rest of the world sat on their hands and didn't inflate... inflate?

    (3) world's biggest manufacturer & trader & highly diversified

    Big, yes, but you can only sell so many TVs and washers and with a narrowing price gap alternatives are available. The US's avowed enemies have no choice but to trade with them.

    (4) a well defined / long term economic plan (BRI & Made in China 2025) (this resembles a mega corporations strategic plan)

    BRI resembles Evergrande, more debt than they can hope to recover.

    (5) $3.2 Trillion foreign reserves to protect itself against recession, etc.

    Dunno. They have massive debt.


 
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