Will China become the new economic superpower for the next decade?

For the next two years, I believe China will make some great strides in attempting to overtake the American economy. They have the jump on us. But after 2023, I believe this will still be America's decade.

Let's look at a strategic overview of the China market today.

Today is china, has the busiest ports on the planet, has the most High-Speed rail, the middle class is now able to spend lots of money on luxury items, and China has a robust tourist industry.

Thirty-three million people in America have lost their jobs. Meanwhile, China is still working and still producing. I believe it'll take some time for America to catch up because we are still essentially closed. With America shut down, I believe China has a tremendous advantage. While Chinese companies have begun to normalize and recover, American companies have not realized yet the full blunt of shutting down our economy.

The trade war had little impact and left China in a fairly strong position.
China is building their transportation and power plant infrastructure while I believe America is lagging behind. China is building railroads - I was there and I saw it.
China is working hard to develop an electric car competitor for Tesla. While they still lag seven years behind Tesla's development, I believe they'll soon catch up.
It's too soon to predict what “a more friendlier” atmosphere between China and the US will be. I predict we will go back to a place where we are unfairly and unequally treated. I believe a Biden administration will not be good for American business. We will see.

In this article, the author argues that China is expanding its geopolitical influence, it's military, and it's economic and technical edge. China possesses a large population of potential consumers and buyers. China does look like oil in other resources that they are willing to buy for from other countries.

The author states that other countries don’t trust China.t because of its authoritarian government. This lack of trust has prevented foreign investment. This trust was what catapulted America growth after World War II.

Today, China completed a trade package with 14 other countries of which America was not a participant. Under the “America First” policy, we have pulled out of several global agreements. It remains to be seen whether globalization is an advantage or disadvantage.

So here's what I think. it doesn't matter who's in charge of the United States or who's in charge in China - we will be competitors. China has gotten their virus issues under control and have opened their economy back up. They are at a competitive advantage over us at the moment. I will be investing in China. Besides, I have a Chinese wife and we are watching the changes daily.