If the Great Firewall is anything to go by, I would expect Chinese people to be spending less on American services due to more services being blocked.

The Chinese government has grown slightly more protectionist as of late, imo their current economic situation is very fragile, despite the western fear of the rise of China. The U.S. economy is very diverse and robust, and has undergone several shocks...China, has not in the modern boom really experienced any sort of deep economic swoons. I fear what houses of cards have been built, which normally don't reveal themselves until the chairs run out. Their government is so hamfisted and wasteful, it's hard not to imagine an economic earthquake on the horizon. The US and Europe are really the main drivers of the world economy right now, China and many emerging economies have been slowing down.

I am fascinated by what may happen in China financially as well. The chairs have run out on the US many times, and Iceland, and Ireland, and Venezuela, and Argentina, and Greece...you get it.

Let’s see what happens in the future. I don’t believe that a lot of things the chinese government is doing right now are sustainable. I believe that somehow the markets will eventually open up and closely resemble the US / Europe. Who knows how long it will take or if it will even happen in my lifetime though. The huge advantage of the US over China is a stable and fair rule of law. Things like the first amendment and private property rights matter a lot for business. The article talks about the year 2032. Do you think the firewall will still be live then? I hope not.

What firewall? My Baidu search results don't mention a firewall.

Can you use Google? Can you use Gmail/Hotmail? Wikipedia? Facebook?

I couldn't from Shanghai

there are many many regular US products that are banned from being exported to China. for example, you can order a Intel Phi processor from your local computer shop and build a hobby computer using that, yet it is criminal offence to sell that to Chinese buyers living in China.

watch the video below, Chinese citizens could end up in US prison for doing that.

https://www.youtube.com/watch?v=I0U6ZMeVrB4

It’s funny because the Phi isn’t even that great compared to a GeForce, which can be imported into china. Heck, they don’t even ban Teslas.

Yeah, I wonder when they are expected to surpass the US in per capita GDP; or the median income adjusted for PPP. A lot of China is still in abject poverty.

Share of China's population living in extreme poverty:

1980: 88.3%

2013: 1.8%

(World Bank)

No one is predicting that for all time. Though China is definitely already upper middle income when it comes to gdp/capita, they aren’t a poor country even if they aren’t a rich one.

PPP isn’t very meaningful, it doesn’t account for many things being more expensive in china for equivalent developed world lifestyles. It just means people have cheaper life styles outside of services.

Is GDP per person really the metric though? Doesn’t wealth/income distribution have something to do with it?

>It means more Chinese entering the middle class, buying American goods

China urban household's per income isn't that much better....at $4500 dollar/year or around $375 dollar/month. https://www.realclearworld.com/articles/2016/09/16/china_is_

> China has 1 billion MORE people than the US and yet the GDP of the US is still 165% of China's That's because the rural population - 800M - only makes about $4/day, or $1400 a year....crippling poor. https://www.realclearworld.com/articles/2016/09/16/china_is_ .... Whenever my clients say they want to expand to China because they have 1.3 billion people! I laugh.

this is also witnessed by many businessmen from Taiwan. they concluded that Chinese living in China can't afford to eat $1 instant noodle, the example they described is that once someone opens up a cup of instant noodle in public, people gather around him/her and start to look at the instant noodle in jealous.

:)