Remember all that talk about China's GDP surpassing that of the US? I don't know where that stands but over in "free" Asia, link here:
This was predicted to occur at some time in the future but this is a lot sooner than expected:
Taiwan GDP: will surpass the GDP of both Japan and South Korea, next year, 2023
- forecast:
- ahead of Japan in 2028;
- ahead of South Korea in2027
With regard to that first question: where the US and China stand with regard to GDP. BiMAGA -- cutting China off at the knees -- semiconductors; energy; Covid -- maybe China's GDP won't surpass that of the US. Let's look. The forecast last year: China's GDP would pass that of the US next year, 2023.
Well, well, well, same source, different story:
Most interesting lead: over the long term, labor shortages stemming from the country's dwindling population will act as a drag on its economic growth.
By the way, I can't remember if I posted this, but a few days ago, Peter Zeihan suggested that the real reason for Presidnet Xi relaxing Covid restricctions was for exactly that reason: the Chinese population is falling faster than expected.
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