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Chinese economy to overtake US by 2028

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#1 by josealvesjr » Sat Dec 26, 2020 09:50

There we go.
China will overtake the US to become the world's largest economy by 2028, five years earlier than previously forecast.
The UK based Centre for Economics and Business Research (CEBR) said China's skilful management of Covid-19 would boost its relative growth compared to the US and Europe in coming years. The Covid-19 pandemic and corresponding economic fallout have certainly tipped this rivalry in China's favour. Although China was the first country hit by Covid-19, it controlled the disease through swift and extremely strict action, meaning it did not need to repeat economically paralysing lockdowns as European countries have done.
As a result, unlike other major economies, it has avoided an economic recession in 2020 and is in fact estimated to see growth of 2% this year.
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#2 by tasman1 » Sat Dec 26, 2020 13:28

Just normal natural process , one Empire die another one is born

You forgot to tell us that no Empire die pacefully and every time humanity take one step backward

Choice that China become new Empire is not bad for rest of us , they are smart , good educated , hard working , honest nation , longest lasting Empire in human history

Congrats China , it is OK with me , just do not give us survey on Chinese language , Croats are not good in learning that language
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#3 by sdjuric » Sat Dec 26, 2020 14:15

tasman1 wrote: Croats are not good in learning that language

Can confirm. But mostly because it is not necessary in itself as Croatia will overtake China in that same time period. There used to be a saying here "There's a billion of us and the Chinese.", though that number should probably be updated to a more recent one.

On a more serious note, this was a long time coming and is a great opportunity for some passive investing down the line. Lots of big funds are targeting China and chipping into an ETF invested in Chinese companies should be a good idea.

Italics on should because there is always a political risk.
Last edited by sdjuric » Sun Dec 27, 2020 05:50 » edited 1 time in total
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#4 by Darkstar2 » Mon Dec 28, 2020 19:01

Yeah this may not be bad news, especially under a socialist party that is the Democrats under Biden Or Kamala, both will DESTROY America with their delusional green economy, which will essentially drive out businesses away from the US, and cost millions of jobs - guess where those companies will end up. YEP, China. China doing well is good for technology, and technology has kept the markets afloat this year, I would not be surprised to see tech stocks continue helping stocks in hard times.

Biden's tax hike plan means companies will have 10% less money to spend - His other plans will literally destroy industries and drive them out. He wants all petrol cars banned and replaced by electric cars - now do you know how much it costs to maintain an electric car, batteries and all, it's VERY expensive - so essentially he is giving millions of people one up the rear end - not everybody has the money to afford electric cars and the expenses that go with it, unless he plans to give every American a free car, sure why not, faithful to his brother from another mother, Bernie Sanders :mrgreen:

Most Americans will speak Chinese in a few years, because many will be driven out of America, and into the booming economy - the only catch - you have to bow down to corruption and a regime that serves its own interest, because God forbid if your views go against the regime, it's prison, just like that journalist in China that got 5 years of prison for attempting to reveal information about the pandemic - she is one of many that were "silenced".
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#5 by Chahat » Mon Dec 28, 2020 21:39

What china have done well planned killing of millions of people to make themselve up Is never forgetable.yes they are very smart and intelligent in technology and those bio weapons and they have cure and they know cure also from since that's reason now they are ok.their govt play very nicely with the world.saddest year 2020
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#6 by tasman1 » Mon Dec 28, 2020 21:55

Darkstar ,,nothing wrong to bow to new master , we poor bow for last 5 million years , who care

Chahat ,, still no proof virus is from China [ my opinion is still Mr Bill or US military lab ] plus under 2 million dead is not much considering 15 million die every year from hunger and 100 million die every year from lack of healtcare and still nobody give a shit

Poor are poor , rich are rich , it was like that forever and will stay until end of time , poor in In India will suffer same as all poor in the world no mater where they live
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