Reply to post: Re: What happens when...

America, Taiwan make semiconductors their top trade priority at first-ever 'Economic Prosperity Dialogue'

llaryllama

Re: What happens when...

My point is I think they are about to hit a wall, if they haven't hit it already.

Advancing from extreme poverty to China's current situation is more of a brute force undertaking. Run the country as an industrial machine, feed income back into the machine and continue until prosperous. The PRC has been successful in this undertaking, but now what?

Progressing from a sub US$10k per capita GDP into a technological powerhouse takes more than a brute force approach of burning cash and throwing a billion people at the problem. China's core political system dictates how students are taught, in turn there is a massive weakness in creativity and logical thinking.

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