China is going to lose several hundred million people in the next few decades and be stuck with a large over investment in infrastructure. There is a great example of that happening in the US: Detroit.
No, China can’t over invest in infrastructure. Infrastructure isn’t an investment to them. It is a communist party. Look at high-speed rail. They lose a bit of money on it every year. However they don’t plan to cut services. The government is willing to spend money to take care of it’s people. Imagine if our government used some of our infinite defense budget to take care of us. It’s be like that.
As to population decline. They had a one child policy before. If it happens, they know how to handle that kinda thing.
They absolutely do not have to. Cuba has very little trade with the US but has similar GDP per capita to China.
China is the next hegemon. They are succeeding where others failed. Yet we, here on on God’s own internet, know better than them?
China is going to lose several hundred million people in the next few decades and be stuck with a large over investment in infrastructure. There is a great example of that happening in the US: Detroit.
No, China can’t over invest in infrastructure. Infrastructure isn’t an investment to them. It is a communist party. Look at high-speed rail. They lose a bit of money on it every year. However they don’t plan to cut services. The government is willing to spend money to take care of it’s people. Imagine if our government used some of our infinite defense budget to take care of us. It’s be like that.
As to population decline. They had a one child policy before. If it happens, they know how to handle that kinda thing.