They have more than two times the population of the EU and US combined, and the manufacturing capacity for basically the rest of the world.
They have enough population so that whenever there’s a new tech/infrastructure to spin up, they’ll do it internally and then come out internationally with a finished & field-tested version of that product.
They also have more PHDs, research and patents than anywhere else in the world, integrated in their industrial ecosystem. That’s like a silicon valley but for basically every field of manufature, research etc.
And to address your first paragraph: Yes, if instead of value extraction for shareholders, which is literally capitalism, we reinvested all of that cash back into the economy as subsidies, we would also be thriving. That’s not a diss on China, that’s a failure on the US/EU.
The population figures you’ve cited coming out of China are dubious at best. Births have been repeatedly found to be overstated and school age populations are plummeting faster than anticipated because of local corruption when reporting their birth figures. Bottom line China is rapidly aging with few young workers to take the place of their existing workforce. That isn’t to say there isn’t a lot of them, but it isn’t nearly enough to sustain anything closely to replacement.
You missed the point entirely about my capital markets comment. Put simply the CCP direct any profits the average citizen has with their capital to subsidize industries. The citizen sees no benefit from their work only an elite few who have connections with the CCP do.
It’s akin to the US government directing capital towards building data centers which consume millions of gallons of fresh water, get subsidized electricity and a elite few who will benefit from their creation while local citizens bear the brunt of utility increases. However in the US you can fight it and vote in a new governing party to stop it. In China there is only the CCP so they just have to endure it. The West isn’t perfect but if you feel the CCP has a superior system I’d question your judgement.
That’s kind of missing the forest for the trees
They have more than two times the population of the EU and US combined, and the manufacturing capacity for basically the rest of the world.
They have enough population so that whenever there’s a new tech/infrastructure to spin up, they’ll do it internally and then come out internationally with a finished & field-tested version of that product.
They also have more PHDs, research and patents than anywhere else in the world, integrated in their industrial ecosystem. That’s like a silicon valley but for basically every field of manufature, research etc.
And to address your first paragraph: Yes, if instead of value extraction for shareholders, which is literally capitalism, we reinvested all of that cash back into the economy as subsidies, we would also be thriving. That’s not a diss on China, that’s a failure on the US/EU.
The population figures you’ve cited coming out of China are dubious at best. Births have been repeatedly found to be overstated and school age populations are plummeting faster than anticipated because of local corruption when reporting their birth figures. Bottom line China is rapidly aging with few young workers to take the place of their existing workforce. That isn’t to say there isn’t a lot of them, but it isn’t nearly enough to sustain anything closely to replacement.
You missed the point entirely about my capital markets comment. Put simply the CCP direct any profits the average citizen has with their capital to subsidize industries. The citizen sees no benefit from their work only an elite few who have connections with the CCP do.
It’s akin to the US government directing capital towards building data centers which consume millions of gallons of fresh water, get subsidized electricity and a elite few who will benefit from their creation while local citizens bear the brunt of utility increases. However in the US you can fight it and vote in a new governing party to stop it. In China there is only the CCP so they just have to endure it. The West isn’t perfect but if you feel the CCP has a superior system I’d question your judgement.