Centre for Economics and Business Research says it expects this to happen half a decade sooner than it forecast a year ago

China’s share of global GDP has increased from 3.6% in 2000 to 17.8% in 2019 and will continue to grow, the CEBR said. It would pass the per capita threshold of $12,536 (£9,215) to become a high-income country by 2023.

absolutely insane

        • CEO_of_TrainGang [he/him]
          3·
          4 years ago

          Offering African countries loans on significantly fairer terms than they could get ever get from the IMF is bullying now

            • weshallovercum [any]
              2·
              4 years ago

              I only look at actions, not at words. China doesnt invade other countries, they dont involve in the internal affairs of other countries, they dont engage in unequal exchange and exploitative trade relations. They are a million times better than the US in this regard. They also have a government that genuinely cares about the people, they implement social programs despite there not being any necessity or pressure applied on the government. Imagine that, in the West it is only the unions and political struggle that generate concessions to the working class. In China the government gives social benefits by themselves. There is a massive fucking difference.

              Honestly, the jury is still out on whether China is actually going to move towards socialism, but based on their actual actions so far, their rise is a net positive to the entire world.

                • weshallovercum [any]
                  2·
                  4 years ago

                  Please give the list. This is a place for constructive discussion, don't take it as a debate. I'm saying this in good faith because a large portion of the left has internalized State Dept. propaganda and it's always useful to offer a different perspective.

            • CEO_of_TrainGang [he/him]
              2·
              4 years ago

              Thinking that China is a net good for the world isn’t the same as thinking China is a perfect socialist utopia, and your attempt to conflate those two is insanely disingenuous

              When Western governments/companies do business in Africa, they do so knowing that they have the IMF and the World Bank behind them to pressure those countries into accepting their terms. China literally just doesn’t have that leverage, they couldn’t be “imperialist” even if they wanted to