If our goal is for every person on the planet to live well, we should encourage less developed countries to increase their citizen’s purchasing power. That means China must eventually surpass America in GDP. For the longest time, the West has looked at China’s economic development as a threat to the Western way of life. China has 4.3 times more population than the United States of America, so they have the potential to surpass us in sheer amount of consumption, therefore it is only a question of time before China produces more than the USA. The main concern over this…...
China Must Economically Surpass America
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