China's declining economy

The main China stock ETF (FXI) which is the Dow of China is trading where it was at the beginning of 2006. The Chinese Tech stock index is lower than it was in 2012 when it first started trading.

It is interesting how many people here think central planning works and China is somehow overtaking the US. These lessons never get learned. Textbooks predicted forever that the Soviet Union would overtake the US. https://marginalrevolution.com/marginalrevolution/2010/01/soviet-growth-american-textbooks.html

Last year.
http://www.ronpaulforums.com/showthread.php?560196-Living-in-America-vs-China

US based entrepreneurs still produce most of the innovation that propels humanity forward.
 
I think the theory was that jobs left the USA because labor was cheaper abroad.

With the advancement of robotics and AI, it would seem that once machines make the goods and labor is out of the equation, products can once again be manufactured in USA.
 
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