art with code

2010-08-16

China at #2

Hey, PRC thundered past Japan in nominal GDP this year. At this pace, China'll be passing USA and EU in a decade and maybe reach the same GDP per capita by 2040. At which point its annual growth rate will stabilize at around 4% and all the funds expecting 10% will cause a major economic crash, absorbed in part by an ascendant India? I guess the question is how China will transform from a fast-growing implementation economy into a slow-growing research one (IN THE FUTURE!!!1!one).

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