Forbes said that the Chinese economy will overtake the United States in 2020

Abstract Recently, the United States "Forbes" magazine published an article saying that if the current total GDP, China's economic growth will catch up with the United States in 2020. However, although China will become increasingly powerful, due to factors such as technical limitations, China and the entire Asia-Pacific region...
Recently, the US "Forbes" magazine published an article saying that if the current total GDP, China's economic growth will catch up with the United States in 2020. However, despite China's growing strength, due to factors such as technical limitations, the balance of power in China and the entire Asia-Pacific region will eventually shift to the Western world, which is an inevitable trend.

The article said that between 1978 and 2011, China's average annual growth rate was as high as 10%. Although the financial crisis has swept across Europe and the United States in the past few years, the Chinese economy has begun to show strong growth. According to the World Bank, China's current economic aggregate is 8.22 trillion, the second largest economy in the world, second only to the United States with an economic aggregate of 15.68 trillion. China is also the world's largest exporter and second largest importer. This financial crisis has narrowed the gap between China and the developed countries.

The article believes that in the next 30 years, China will have no desire to conflict with the United States. The Chinese know that they will become stronger, but at the same time they are aware of the backwardness of their technology. They need to continue to study in the United States so that students can learn how to continue to innovate.

Forbes said that the reason why Americans are better at innovating than Chinese people is because the social attributes of China and the United States are different. Innovation and creativity are part of American culture and a natural attribute of immigrant society. However, China's culture is "in compliance with the rules". The history recorded by China in the four or five thousand years is still readable today. It is precisely because these annals have bound the Chinese people's thoughts. Therefore, despite the many differences, the balance of power in the Asia-Pacific region will eventually shift to the Western world, which is an inevitable trend.

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