Discover more from India and Geopolitics
China is #1 in these categories
Experts are willfully wrong about when/if China will overtake the US as the largest economy in nominal GDP
Is it really hard to believe that China will soon be the #1 economy (in USD)?
Here are 25+ metrics in which China is already #1 in the world:
🔹Foreign exchange reserves
🔹Size of middle class
🔹Solar & wind energy capacity
India and Geopolitics is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
🔹Scientific papers - quantity and quality
🔹Fortune 500 firms
🔹E-commerce market size
🔹Production of steel, cement, aluminum & electricity
🔹Medium hi-tech manufacturing
🔹Worldwide market share of smartphones, drones, household appliances
🔹High-speed rail and Expressways
🔹Busiest container seaports
🔹Subway/metro system (length)
🔹Top 10% of richest individuals in the world
🔹STEM and PhD graduates
🔹Best universities for engineering and computer science
🔹PPP R&D spending
🔹Supercomputers (in Top 500 list)
🔹Rare earth minerals - mining as well as refining
🔹Largest navy (in number of ships)
🔹Retail market (#1 or close #2)
🔹Spending by outbound international tourists
🔹5G users and base stations
🔹IPO and billionaires — #1 or #2, depending on the year and the reports.
🔹Number of diplomatic posts around the world
🔹Largest funder of infrastructure projects (#BRI) around the world
America’s “experts” are totally wrong about China. And even the IMF is wrong in its forecast about China because the IMF doesn’t consider the strengthening of yuan. However, due to dedollarization and the debt crisis in the US, the dollar will weaken over the next decade. My prediction is that the RMB will appreciate 15-20% against USD, and this will propel China to the top before 2030.
— S.L. Kanthan