The world power has already shifted to the east! Don’t be blind to China’s rise in a changing world #EastRisesAgain #AlternativeWorldOrder

China Is Already The Largest Economy, Tech and scientific Power, and China has the soundest growth fundamentals!

…. China rivals the US in advanced technologies and will probably take the lead in five years. Since 1984, per capita incomes have risen more than 30 times, life expectancy has increased by a decade and poverty rates have fallen nearly to zero. In 1990, China’s first stock market was launched, designed by seven young patriots who I knew. Since then, it has become the second largest in the world

… China’s economy is roughly the same size as the US’s and expanding at a faster pace — so time is on China’s side. It has a growing population of well-educated people, with around a third of the world’s science and technology university majors, three times the US share. It also produces and collects vastly more data to process with artificial intelligence. For many in the west, this has a dark side in terms of state surveillance. But for many Chinese it reinforces positive social norms while also promising vast efficiencies. One way to look at China’s relative power is that, with four times the US population, when its per capita income reaches half the US’s in about 25 years, its economy will be twice as large

Author: Ray Dalio, https://www.ft.com/content/8749b742-d3c9-41b4-910e-80e8693c36e6

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