As the Chinese stunted growth was
recently resumed, rumors about China overcoming the United States in
the near future had been recently spreading. Indications are
everywhere, especially after its recent aggressive movement in their
territorial dispute. Its unyielding claim against five neighboring
countries displays its capacity to overpower the other claimant
despite its advantage in number.
The continuous population increase is
one of the major driving force for its economic growth. At present,
they are now ranked as the second largest economy next to the United
States. They are widely popular due to their cheap labor force which
is very attractive to investors. But there are things they have to
reform if they want to take the pace into the next level. Corruption
is widespread, greatly damaging its citizens and industries. The lack
of a unified voice may also be added to their things-to-do list as
well.
In my opinion, if however the
predictions were true. It wouldn't happen in a few decades and maybe
even more in a couple years. It will take its time and so must us. I
think it is still too early to sell all our dollars and start
investing in yuan. Its better if we lay back ourselves for the
meantime and watch as history unfolds itself.
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