Changes

::"According to a McKinsey report, AI could potentially contribute around $600 billion annually to the Chinese economy, which could equate to roughly 3.7% of China's current GDP". - McKinsey & Company, 2022[https://www.mckinsey.com/capabilities/quantumblack/our-insights/the-next-frontier-for-ai-in-china-could-add-600-billion-to-its-economy]

::"According to a McKinsey report, AI could potentially contribute around $600 billion annually to the Chinese economy, which could equate to roughly 3.7% of China's current GDP". - McKinsey & Company, 2022[https://www.mckinsey.com/capabilities/quantumblack/our-insights/the-next-frontier-for-ai-in-china-could-add-600-billion-to-its-economy]

::What about the rest of the economy? In 2023, the USA was over 200% more productive in terms of labor productivity than Russia when measured using purchasing power parity.[https://en.wikipedia.org/wiki/List_of_countries_by_labour_productivity]

::What about the rest of the economy? In 2023, the USA was over 200% more productive in terms of labor productivity than China when measured using purchasing power parity.[https://en.wikipedia.org/wiki/List_of_countries_by_labour_productivity]

::And labor productivity leads to economic stability and wealth generation. Right now China has a property crisis, deflation and high youth unemployment. [https://www.conservapedia.com/Essay:_It%27s_time_to_be_very_bearish_about_China%27s_long-term_economy China's economy is a mess] so it's not surprising that the USA has over 300% higher GDP (PPP) per capita in 2024.[https://www.conservapedia.com/Essay:_Why_the_USA%27s_per_capita_income_is_MUCH_higher_than_China%27s#Key_statistics_and_information_related_to_USA.27s_per_capita_income_being_over_300.25_higher_than_China]

::And [[labor productivity]] leads to economic stability and wealth generation. Right now China has a property crisis, deflation and high youth unemployment. [https://www.conservapedia.com/Essay:_It%27s_time_to_be_very_bearish_about_China%27s_long-term_economy China's economy is a mess] so it's not surprising that the USA has over 300% higher GDP (PPP) than China per capita in 2024.[https://www.conservapedia.com/Essay:_Why_the_USA%27s_per_capita_income_is_MUCH_higher_than_China%27s#Key_statistics_and_information_related_to_USA.27s_per_capita_income_being_over_300.25_higher_than_China]

::After all is said and done, statist picking and choosing of winners and losers is not as dynamic, prosperity creating or stable as capitalism - especially over the long run.[https://www.conservapedia.com/Essay:_Communist_China%E2%80%99s_quixotic_quest_to_innovate:_A_statist_economy_can%E2%80%99t_make_creativity_greatly_blossom#Free_markets.2Fcapitalism_vs._a_more_socialistic_economic_system_like_China.27s._The_USA_is_more_innovative_and_prosperous_than_China] [[User:Conservative|Conservative]] ([[User talk:Conservative|talk]]) 18:03, January 27, 2025 (EST)

::After all is said and done, statist picking and choosing of winners and losers is not as dynamic, prosperity creating or stable as capitalism overall - especially over the long run.[https://www.conservapedia.com/Essay:_Communist_China%E2%80%99s_quixotic_quest_to_innovate:_A_statist_economy_can%E2%80%99t_make_creativity_greatly_blossom#Free_markets.2Fcapitalism_vs._a_more_socialistic_economic_system_like_China.27s._The_USA_is_more_innovative_and_prosperous_than_China]  

 

::For a while, the Soviet Union and Japan were high flyers, but their economic castles were built on sand. China's deflation shows that it is at the beginning stage of [[Japanication]] which is a type of economic stagnation.[[User:Conservative|Conservative]] ([[User talk:Conservative|talk]]) 18:11, January 27, 2025 (EST)