China is now unlikely to ever overtake US economy, forecast shows

[libertybele]

China is now unlikely to ever overtake US economy, forecast shows

 China, long prophesied to be America's replacement in waiting, might just have to wait forever.

An economic forecast published Tuesday indicated that the second-largest economy will not escape its current slump, but will rather see its growth continue to slow to 3.5% in 2030 and to around 1% by 2050, at which time the U.S. is projected to have 1.5% growth. Previous forecasts put Chinese growth in those years at 4.3% and 1.6%, respectively.

Bloomberg Economics now forecasts that China's gross domestic product will not exceed America's until the 2040s, "and even then, it will happen by 'only a small margin' before 'falling back behind.'"

"China is down-shifting onto a slower growth path sooner than we expected," according to the economists. "The post-Covid rebound has run out of steam, reflecting a deepening property slump and fading confidence in Beijing’s management of the economy. Weak confidence risks becoming entrenched — resulting in an enduring drag on growth potential." ...........

https://www.conservativereview.com/china-is-now-unlikely-to-ever-overtake-us-economy-forecast-shows-2664951609.html

[Kamaji]

Sooner or later, socialism runs out of steam.

[LMAO]

I remember when Japan was supposed to overtake our economy

[Kamaji]

I remember when Japan was supposed to overtake our economy

Same here.

[Weird Tolkienish Figure]

I remember when Japan was supposed to overtake our economy

China is quite a bit bigger than Japan though, and even bigger than the US in terms of population. There are reasons to believe they have overcounted their population for a while, and not even on purpose.