[quote=FlyerInHi][img_assist|nid=26741|title=Global Economy in 2030|desc=|link=node|align=left|width=100|height=85]
This what Martin Jacques is forecasting for 2030. We will see if he’s right.
I hope to live in Asia part of the year in retirement so I can experience the changes first hand. Should be very interesting.[/quote]
Brian, when one engage in conversation on China, we need to determine whether we are discussing near-term or future expectations.
Future expectation is for China to become the biggest economy of the world, eclipsing the US. This is basic math based on population size and potential economic growth.
The question is is this future expectation going to come about via a straight line at 6-7% growth rate per year, or will there be significant dips in between caused by policy mistakes and simple systemic incompatibility as the economy evolves.
The CCP needs a straight 6-7% growth trend to justify its existence. It has borrowed heavily at all levels of government as well as some very creative math to maintain that over the last decade. Do you really believe there will be no dips ahead?
