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#China's GDP (in nominal terms) will never surpass the #US GDP.

For a long time, I have been sceptical of the forecasts that have predicted otherwise. I have been open to the possibility of a short-term situation in the mid-2030s, where it was temporarily higher.

#macro Image
Now, I do not even believe that anymore.

Some months ago, the Japan Center for Economic Research (JCER) predicted that it will not happen at all. Why? Simply because nothing grows forever.

#china #us #macro Image
#China has at least three major issues that will slow down its growth to a very low level. Two of these are domestic, but only one is "possible" to address properly. The last one is more international.

#macro #growth Image
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