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Reminds me of how in the 80’s everyone was convinced Japan would take over the world.
They are still going for that cultural victory with games and anime.
I’m playing Pokemon this exact moment so it must be working
China at least made some sense. China has a far larger population than the USA so it didn't need to at the bleeding edge of economic development to have an economy larger than the USA.
China could also reform its economy in the future to resolve its current issues to make its way into a post-industrial economy.