China is still significantly behind. They've been trading places with the US on GDP PPP but they have like 5x the population. Per capita China is nowhere near parity with the USA. Poverty line is significantly lower. They are still a third world country in terms of living conditions and they are still behind on medical sciences, etc.
The West literally killed Huawei's mobile business overnight while it was at the no. 1 spot for smartphone manufacturing. Capitalist encirclement and the collapse of China is still a very possible scenario. The reason China is still around today while the Soviet Union is gone is that China is maintaining mutually assured destruction on the American economy. It's holding the west hostage by keeping exclusive expertise and advanced production techniques concentrated in places like Shenzhen. They maintain that technological supremacy over the rest of the global south through constant technology exchange with a multitude of public and private entities across the globe. It will fall behind in most industries if it has to develop production techniques if its international trade completely blocked by the USA.
China is still significantly behind. They've been trading places with the US on GDP PPP but they have like 5x the population. Per capita China is nowhere near parity with the USA. Poverty line is significantly lower. They are still a third world country in terms of living conditions and they are still behind on medical sciences, etc.
The West literally killed Huawei's mobile business overnight while it was at the no. 1 spot for smartphone manufacturing. Capitalist encirclement and the collapse of China is still a very possible scenario. The reason China is still around today while the Soviet Union is gone is that China is maintaining mutually assured destruction on the American economy. It's holding the west hostage by keeping exclusive expertise and advanced production techniques concentrated in places like Shenzhen. They maintain that technological supremacy over the rest of the global south through constant technology exchange with a multitude of public and private entities across the globe. It will fall behind in most industries if it has to develop production techniques if its international trade completely blocked by the USA.