EnragedMaldivians wrote:Seleucas wrote:
China has 80% of the US's GDP, in terms of purchasing power parity. Didn't say it was a superpower, but it's pretty close.
It is not even close. A superpower doesn't just have a strong economy (incidentally China's GDP per capita is still very low), it is able to project power in multiple theatres and eclipses its rivals in terms of military capacity and influence. Only the U.S fits that description currently.
I mean, China had a higher GDP than Europe back in the 1820s but...in terms of power, they had far, far less of it. Indeed they were on the precipice of being subject to all sorts of imperial machinations by the Europans powers at that point. You are not using good metrics.
Not only that, but China's economic growth has largely been built upon growth in exports, and China is quickly beginning to understand the idea of diminishing marginal returns. For China's economic growth to continue at anywhere near it's current rate, it would have to shift from the high saving that characterizes the population to consumption.



