China will be the biggest contributor to the growth of world’s economy in the next five years.China will account for 27.7% of global GDP growth. And that will be almost 3x the USA share.IMF data analyzed by Bloomberg.#COVID19 pic.twitter.com/EizDe1HjjF— World Affairs (@GMOChannel) October 18, 2020
I think the trick of it is that China has changed so dramatically and so quickly people simply aren’t keeping up. They beat the US to 5g, and they’re leading the way on quantum computing all while developing domestic chip-making; simply put, China is not anymore the semi-industrial back-water it has a reputation in the west as being, and never will be again. Despite this, average Americans remember crappy plastic goods and suicide nets, and imagine a nation-wide gulag. I think it is still possible for milenials and genZ to more easily adapt to the idea of a modern China.
I think the trick of it is that China has changed so dramatically and so quickly people simply aren’t keeping up. They beat the US to 5g, and they’re leading the way on quantum computing all while developing domestic chip-making; simply put, China is not anymore the semi-industrial back-water it has a reputation in the west as being, and never will be again. Despite this, average Americans remember crappy plastic goods and suicide nets, and imagine a nation-wide gulag. I think it is still possible for milenials and genZ to more easily adapt to the idea of a modern China.