China may not overtake America this century after all

Started May 9, 2013 | Discussions thread
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yanisha
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China may not overtake America this century after all
May 9, 2013

Doubts are growing about whether China can pass the US to become the world's biggest economy this century amid warnings that the country’s 30-year miracle is nearing exhaustion.


http://www.telegraph.co.uk/finance/comment/10044456/China-may-not-overtake-America-this-century-after-all.html


A new view is taking hold in elite circles that the banking crash in 2008 was a nasty shock for the US, but not a crippling blow to America's creative enterprise. US governing institutions rose to the challenge. It was however a crippling blow to Europe, and a more subtle blow to China in all kinds of ways.


Mr Haass says America has managed its dominance in such a way that it has not brought about a containment alliance against it by threatened powers, and that is no small achievement. Like Wagner's music, US diplomacy is better than it seems.


Dozens of states in Latin America, Asia, and the Middle East have hit an invisible ceiling over the last fifty years, languishing in the trap with per capita incomes far behind the rare "breakout" stars, Japan, Korea, and Taiwan. The trap is the norm.

If you are wondering why police are still seizing pregnant women in Chinese cities and delivering them to clinics for forced abortions when they cannot pay the fine for breaching the one-child policy, you are not alone.

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