With the accelerating economic problems it is looking less likely that China will ever overtake the USA.

http://www.bbc.com/news/business-66435870

"Most developed countries saw a boom in consumer spending after pandemic restrictions ended. People who had saved money were suddenly able and willing to spend, while businesses struggled to keep up with the demand.

The huge increase in demand for goods that were limited in supply - coupled with rising energy costs after Russia's invasion of Ukraine - inflated prices.

But this is not what happened in China, where prices did not soar as the economy emerged from the world's tightest coronavirus rules. Consumer prices last fell in February 2021.

In fact, they have been at the cusp of deflation for months, flatlining earlier this year due to weak demand. The prices charged by China's manufacturers - known as factory gate prices - have also been falling.

"It is worrisome as far as it shows that demand in China is poor while the rest of the world is awakening, especially the West," Alicia Garcia-Herrero, an adjunct professor at the Hong Kong University of Science and Technology, said.

"Deflation will not help China. Debt will become more heavy. All of this is not good news," she added."

China might be about to find out that capitalism just doesn't work with totalitarianism. Westerners might be about to discover the stupidity of plugging into Communism for money. And, what sort of person says "worrisome"!

The Australian's Foreign Editor, Greg Sheridan, stated the bleeding obvious when he said that China’s problems come from the "irrational top-down decisions" being used, instead of Western capitalist market mechanisms and price signals.

Your BBC article SM appears not to be the full story.
http://youtu.be/2GEDId_B02A?si=xbM9tw1IMY6rwyN0

Hi AC,

A good YouTube about the real situation with the Chinese economy, thank you. There are those who for ideological reasons have been claiming that the destruction of the Chinese economy is imminent, unfounded nonsense they have been making up for years. The American economy is what is looking dodgy, and of real concern, with inflation taking off and GDP slowing. the US economy lacks real productivity and relies on government and private borrowings to boost profits, whilst inflation skyrockets, shades of 1929. With American debt now at a record $32.8 trillion, and no end in sight, and with an incompetent capitalist administration led by that old fool Biden, what can one expect. In the last year the countries debt has increased by over $2 trillion, in a feeble attempt to keep the economy afloat. War will be their only answer, and not just in Ukraine.

Hi Paul,

Sean Foo puts out new short videos every day or so.
- And not just on China, but also US.

Here's one from yesterday discussing the US.

Oh SH.T, The Fuse Has Been Lit!
http://youtu.be/kX3FdovOA8s?si=ZPxDwa_76daIbKT4

I also don't mind Michael Hudson
Watch a few minutes of this...

A New Bipolar World. US finance capitalism vs. China's mixed public/ private economy
http://youtu.be/E_zY44YClCY

You see this Rules-Based-Order
It's not about defending international laws and recognised national boundaries...
- The US controls the money system, it's about defending US global hegemony.
Democracy is just a tool for US economic imperialism.
They decide the rules, and they sanction; or overthrow anyone who doesn't go along with it;
- Or just because they can - and they install their own puppet ruler government with policies favourable to the US
under the guise of 'democracy', against 'authoritarians', 'violators of human rights'
This is why they are worried about 'The Rise' of China'

Look at this:
Marco Rubio laments De-dollarisation
"There will be so many countries trading in currencies outside the dollar that we wont be able to sanction them anymore."
http://twitter.com/DenisRogatyuk/status/1642675471447109632

How can I explain it all better...
- The US wages war against other countries even during 'peacetimes'
It defends a system that has allowed it to print endless money.
Other countries need US dollar reserves to conduct trade in oil and other goods, and this trade is conducted via the SWIFT system.
That means there's always demand for the US dollar, and the US can use it as a weapon with sanction.

Then to add to this, you have the US fifth columns 'All For Democracy' going in there to cause civil unrest, backing opposition groups, conducting regime changes etc.