America is underestimating the economic challenge that China represents

The economy of the People’s Republic of China has been growing much faster than that of the United States for decades. So too has China’s average real wage. China is now the world’s second superpower, catching up to the United States economically if not (yet) militarily. Its political influence grew alongside its GDP. Where once the chief scapegoat for America was the USSR/Russia, China has replaced the latter in that position.

AMERICA IS UNDERESTIMATING THE ECONOMIC CHALLENGE THAT CHINA REPRESENTS | Muunyayo

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