svgleeson

Excellent point about GDP vs GDP/capital. While China may become a bigger economy as a whole it will take a lot longer for an average Chinese person's propensity to spend coming close to the level of a US consumer.

Black Swan Wrote:
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> ^ Agreed
>
> As Chinese middle class grows they'll lose wage
> competitiveness and demand for US goods will
> increase, so I'd expect it to be possibly
> beneficial for US growth.
>
> People keep confusing total GDP with GDP per
> capita. There's definitely a balance between the
> two. Uniting all of Africa into one extremely
> large, poor nation is not going to make it more
> powerful than a European nation with a similarly
> sized GDP spread over a much smaller population.