Comments by "Arun Sar" (@arunsar7893) on "Census shows China producing too few babies, it's paying for one-child diktat. And 4 Covid variants" video.
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@sreekr Well, Firstly the comparison was with US and China in military capabilities. Whether or not Chinese citizens will have better lives and whether India will be able to provide decent health care to it's citizens wasn't the topic of discussion.
About US worries, advances in software (like AI) can easily be achieved. Hardware is where research takes time. And when US says it's not ready to compete, it means in China's back yard. The South China Sea, not even the second island chain, let alone the third Island Chain.
But having said that, your understanding of Economics seems patchy. You seem to believe China is going to achieve all these great things while India can't. Sure, Chinese citizens will have decent lifestyles but so will Indian Citizens. China's economy needs domestic consumption to increase to be able to sustain it's Economic growth because it's export led growth has reached its limits and is only going to reduce from here on out. Not only is it's demographic collapsing but also the current generation don't spend much cause there is no social security. So, China being able to depend on it's own economy for consumption is really doubtful. India, on the other hand, has been a consumption led economy from the very start. India's growth is more sustainable. India will keep growing much after 2050, as well, while China's growth will most likely slowdown.
What is China going to do when CCP's legitimacy doesn't come from economic growth as before?.. What will China do to service the huge debt it has amassed to boost it's economy leading to creation of Ghost Cities and infra which no one uses ?? .. What if EU & US diversify out of China, what will China do with it's over capacity? These are some questions which show the problems with the Chinese Economy and it's future prospects of growth.
People rarely realise India is exactly where China was 15 years back and will be exactly where China is today 15 years from now. It will take, however, take a huge political will to implement Economic reforms regularly. If the right reforms are attempted, then it's quiet likely that India will surpass China as world's largest Economy sometime in the next 30 years.
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