Jeffrey's logic is the same as what I've been saying: with the population scale, China's per capita income will inevitably increase, and thus it will surpass that of the United States. It's just that simple.
Currently, the United States is actually relying on the dollar; the dollar is the largest export product of the U.S. each year - the scale of exports is basically consistent with the U.S. trade deficit, which is about 1.2 trillion a year. In comparison, Saudi Arabia's total annual exports are only 300 billion, and China's net exports last year were just 1 trillion.
If the dollar is no longer the world currency, the U.S. will quickly fall from a phoenix to a chicken, with GDP devaluing by at least half.
How to compete with the dollar? Besides the trading network, the core issue is still assets, meaning that other countries must feel secure investing their funds in China. There are many factors here, but the fundamental issue is safety.
In other words, China needs to create a safe environment in the next 5-10 years, rather than being provoked daily by some small countries as it is now.
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