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Department of Innovation & Entrepreneurship / Re: China Is Overtaking the United States in Innovation Capacity
« on: January 03, 2024, 08:44:34 AM »
It is very hard to think the future of either the U.S. or Chinese economy. Sudden shifts in geopolitics or breakthroughs in technology may change the situation.China's struggles to revive growth and shore up its crisis-laden property market this year mean it's unlikely to ever permanently take the US's crown as the world's largest economy, one recent forecast says.(Source:Sep 5, 2023)
Reports say that China's gross domestic output would not surpass that of the US until the middle of the 2040s, and even then, it won't be by much before “falling behind” at that point.(Source:Sep 5, 2023, internet)
Reports say that China's gross domestic output would not surpass that of the US until the middle of the 2040s, and even then, it won't be by much before “falling behind” at that point.(Source:Sep 5, 2023, internet)