CHINA WILL LEAD THE FOURTH INDUSTRIAL REVOLUTION

= 4th industrial revolution - in many ways china is already in the leading position and will continue to do so in the foreseeable - the US is merely hanging on to its pre-eminent position by the skin of its teeth through some legacy tech prowess or by oppressing or stifling other challengers = "China must lead the new industrial revolution

The necessity for China to lead the new industrial revolution

The fourth industrial revolution has now begun, and 2049 will mark an era in which new industries prevail. New industries in the Chinese regions with 350 million people should keep pace with those in the United States. The US has already changed its relations with China from a partner during the reform-and-opening-up era to that of a competitor. 

Since the US became the world’s largest and strongest economy in the late 19th century, it has repeatedly suppressed the world’s second-largest economies that reached 60% of its GDP in order to prevent them from threatening its economic status. A recent example is Japan in the 1980s. At that time, Japan had an economic scale of more than 60% of the US and it surpassed the US in terms of GDP per capita. It was a world leader in the emerging semiconductor sector. As the world’s number one power, the US used its hegemonic advantages to suppress Japan’s semiconductor industry. Japan’s GDP per capita has now declined to 63% of the US while its GDP is only 24% of the US.

Based on market exchange rates, China’s economic scale has now reached 70% of the US. China’s 5G technology has become the world leader in the new industrial revolution. In the past few years, the US has repeated its old tricks and suppressed Chinese companies with groundless accusations, using all of its national resources. If the US succeeds in suppressing China by means of a blockade in the new industrial revolution, China will not be able to achieve its second centennial goal.

How can China break through the US blockade? It can only do this by working hard to lead the new industrial revolution. Then it will not be blocked, but will reach the technological level of the United States in its developed provinces, and achieve a national per capita  GDP equal to half of that of the US by 2049. Therefore, it is a necessity for China to lead the new industrial revolution in order to achieve its second centennial goal by 2049." ...

Source Article :

https://asiatimes.com/2021/10/china-must-lead-the-new-industrial-revolution/