While I understand the sentiment, I think there are a huge number of hurdles in front of them. Certainly they have become a manufacturing powerhouse, but they also have a lot more dependencies then does the US. Also everyone is going to be hit by the demographic inversion here shortly, so that’s going to be a dynamic environment to be “the world power”. Such as climate change and the reduction of the rule of law.
China will be the world power pretty soon. They always had a 50 year plan, while the US only cares about this quarter and nothing else.
While I understand the sentiment, I think there are a huge number of hurdles in front of them. Certainly they have become a manufacturing powerhouse, but they also have a lot more dependencies then does the US. Also everyone is going to be hit by the demographic inversion here shortly, so that’s going to be a dynamic environment to be “the world power”. Such as climate change and the reduction of the rule of law.