Feng

When Will China Overtake the U.S. Economically?

good analysis but the author seems to neglect two things

1. the appreciation of the Chinese currency. the appreciate of local currency happened in all other asian countries when they underwent their rapid development. China will be no exception. plus, acknowledge it or know, the US is going to get out of its debt through depreciation of $. this generation in the US enjoyed the status and benefit earned by the previous generation but unfortunately will squander it and not pass that on to the next generation. it's quite a shame to me.

2. although the working population in China will decline, but the educated working populaiton will continue to increase. The Chinese emphasize education much more than does the American. The improved education of China's workforce will likely more than offset the decline of the population.

Overall, from a historical perspective, China was a leading force economically, politically and technologically. It only lagged behind the rest of the world starting from early 19th centuray. The Chinese are hard working, intelligent, and have a very strong focus on education. These qualities helped China to be a major power in the past, and are still there to help China regain its status.

China surpassing the US economically is a natural thing given it's population size. And it's a good thing for the world. I see only political turmoil can stop China from becoming the biggest economy, if that happens, it's certainly not a good thing for Chinese, but it will not be a good thing for the rest of the world either.