Doesn't matter. The working class is struggling the same around the world.

Depends on how you define economy. If you measure in purchasing power, China has passed US since 2014. China has been the top producer of the world for a decade. But if you add all those financial speculation, US is still ahead of the game. Luckly, the world still uses US Dollars so the financial game is productive.

Demographics dividend is possible when young people are educated and skilled. That means health care and education which produces skilled workers. For example, Nigeria and Pakistan also has a huge population but neither they are educated nor skilled. As a result, demographics dividend has become demographics burden with huge youth unemployment.

Instead of discussing war and more war, it is better to discuss the country's economy and the welfare of the people

The way how GDP is calculated between US and China are quite different. By one measure, china generated and consumed 4x electricity than US.

Watched the whole video, couldn't say what i understood.

Most people in the US living paycheck to paycheck, GDP is an overrated statistic that shows how much an economy is growing. GDP tells you nothing about the citizens debt contrasted to their wealth.

A better short simplistic answer is: China is already the world's leading economy. Too bad it's not really a free market. We're just making these videos to make Americans and Indians feel better about themselves. Why even include India whose Nominal GDP is still $1.7 Trillion less than Japan's? India's economy, in the most optimistic scenario, is still 3 decades away from catching either the US or China.

China this year top export in motor vehicle especially EV. China dominated green energy industry, China dominated in ships building, China dominated in highspeed rail construction worldwide, China dominated in steel production, China dominated in world trade, China dominated in rare earth minerals, China also had their own commercial airplane for town domestic flight. In a way, China is really self-sufficient for China economy to continue to grow.

The audio quality on these teleconference interviews is horrendous.

Private sector will never sink it's capital on infrastructures like railways, highways, bridges, airports, and, if they invest, the user will have to pay very high. fees

China should open up their economy for migrant workers. Sounds like a easy solution but it's much harder for a homogeneous country like China compared to the US which has been built by immigrants.

Short simplistic answer: Yes, US will remain the world's leading economy for some time to come. China still has restrictive politics, capital control's and declining population working against it. With US, consumption, minimal political interferences, capitalism & immigration will always work in its favor etc

Why is it so important to be No 1? If China earns 1 dollar more than USA, it's not like the US is instantly poor...also bearing in mind China has 4x the population of the us....they would need at least 4x the economy to match the US per capita.

My favourite line “We will be prosperous if we are nice to each other”

Hey! That last city shown was Salt Lake City! My city!

The USA needs to deal with the biggest debt in the world 34 trillion dollars instead of just keep on printing money, stop big spending. If I keep on borrowing money just to pretend a lifestyle that I can afford eventually bankruptcy comes. Nothing last forever

NOTHING LAST FOREVER.

Time will tell

USA is blessed. Americans be grateful. remain humble and hard working.

The chinese population os 4x the size of the u.s and by numbers china is going to have a larger population of elderly people. I have been to both india and china, india is 70 years behind china. In my view china is emerging as a strong economic and political model for the global south 85% the global population.

Yes, collective action is better than national action.

USA has 300M and China has 1200M people. What are the numbers when comparable factors are divided by the top 300M of China??

Putting numbers and stats aside, visiting China and USA gives a clearer picture of how well these countries are doing... Walking around Beijing, Shanghai, Guangzhou, Chongqing, etc., you can clearly see that the Chinese are enjoying life. Walking around New York, Los Angeles, San Francisco, Chicago, etc., you can see that Americans are not as happy. These cities are dirty and grungy. There are homeless camps all over the place. Many storefronts are shuttered. Shopping malls lack vibrancy. Public transit is just plain sad. Given the choice of which country I'd rather live in, the choice is pretty clear. (I'm Canadian.)

The fact that you had to make this video says "the current leading economy" is in question 👍

Per capita? In USA most of capital is in the hand of 1% rich, instead of its bottom population.

Economy for who? GDP is not a representative measure when financial insecurity and homelessness are rising yearly even as unemployment is down.

Necessities are 10 times cheaper in China, so even if on paper China is 1/5 of USA in terms of GDP per capita, the real quality of life is much higher

"Living standard in China is 1/3 of that in the US" 🙄B ch Please. You're still using cash/coins; no high speed rail, dirty/old metro system (& only in a few cities); expensive as hell delivery fees, expensive contractor, handyman, or any labor; and a ridiculous tipping culture; high property tax (none in China); inflated grocery prices, and many more inconveniences. Plus you've got a huge population of homeless people, whereas in China it's practically nonexistent. And in China, just the WeChat app on your phone alone allows you to pay & receive money, chat & make video calls, book hotels, flights, and high speed rail, schedule a doctor's appointment, buy groceries with free delivery, order take outs, make Instagram-like posts, pay insurance, and much more. In the US you'd have to wait a week or more to see a doctor, whereas they can see all types of doctors on the same day, then maybe get an x-ray, get treated, and get pills all in one day. NO RIDICULOUS MEDICAL BILLS. And YOU'RE telling me living standards in the US is 3 times higher? PLEASE. Try living here yourself for a day and you'll see how rich these Asians are and how convenient their day-to-day is.

Creative and sincerely

China is already the world's largest economy, look at IMF,s measure PPP

The short answer is yes.

From many perspective,it is difficult for China to overtake U.S economy.

The audio quality is quite poor.

Dude china has already surpassed US, the real power isnt reflected in gdp but gdp(purchasing power parity)

At least someone mentioned GDP by PPP. China overtook USA in 2014, literally a decade ago.

Though Education alone, plenty of counties will come ahead of the US from that fact alone. Or rather the US will fall behind because of its Education.

How? With trade deficit and debt mounting, where real money come from?

Yes.

China economic challenges: 🟢Real estate sector 🟢Slower-than-expected pandemic recovery 🟣Ageing population (low birth rate, rising dependency ratio) 🟣*crackdown on private sector detering investors & stifling innovation Note: China still has the most advanced & complete supply chain, but lately, this has been under some challenges due to 1) the recent pandemic, 2) de-globalization China is an investor, lender, & trading partner to many developing nations, & depending on the day, is the biggest lender to the US economy

Yes, even if China and India will one day be bigger, the US will remain a top 3 world economy for the next century.

Chinese CC-P just showed its true face a bit too early before becoming a leading economy

We cant predict the future, wait and see

Most of the wars are about water, that was my most interesting takeaway

Dialogue and exchange are beneficial, which promotes a more long-term peaceful exchange between the two great powers. Both great powers should work hard for world peace and the future of mankind. We are not separate individuals, we are all under a community of destiny, and we hope that the world will be better in 2024.❤

Mariana Mazzucato is brilliant. More of her pls.

That's 100% confirmed with so many major brands and their production already left China for other apac and south american countries. The supply chains always follows and the jobs will be taken away as well.

The question is why the question is a question?

The U.S. economy in 2023 outperformed expectations along three key dimensions: growing economic output, labor market resilience, and slowing inflation. The U.S. economy expanded a whopping 4.9% in quarter-on-quarter annualized terms in Q3. This was more than double’s Q2’s rate and well above the pre-pandemic average. It was also particularly impressive in the international context: Most G7 economies are expected to have broadly stagnated in Q3. Higher private consumption was the key driver, buoyed by falling inflation and a still-hot labor market-the economy created over 300,000 jobs in September, the second-largest increase so far this year. But the economy is no one-trick pony: The latest data also showed strong expansions in exports and government spending. Fixed investment-which had surged in the past two quarters as firms rushed to build factories following the passage of the CHIPS and Inflation Reduction Acts-lost steam but still expanded for the third straight quarter. We offer three key conclusions: # The United States has seen a particularly strong GDP recovery and is on track this year to reach the level that would have been predicted by the pre-pandemic trend. #Global labor markets continue to strengthen, and the United States has been especially resilient. #U.S. inflation has cooled sooner and more quickly than in other advanced economies. Source: FocusEconomics Date: 27th - Oct - 2023

Yes of course, US will remain the top economy for the foreseeable future imo.

目前中国还是拥有不少优势的，巨大的市场，以及各种优秀的人才，而且因为对教育的重视程度，中国人的受教育程度很高，是货真价实的，而不是美国人那种“混学历”，另外美国的很多问题恰恰在中国不村在，比如美国有枪支泛滥跟毒品泛滥问题，有各种种族矛盾冲突问题，而这些在中国没有，中国政府由于历史原因，对毒贩是采取零容忍的态度，快速审判并送这些该死的毒贩去见上帝，这些在灯塔美国可没法做到，而且在中国上学，至少你不用穿着防弹衣保护自己的安全，哈哈哈，目前美国与欧洲对中国的了解存在巨大的刻板印象，他们从媒体（美国企业主导的媒体，又或者犹太人控制的媒体）了解中国，存在很多错误的偏见，我在油管已经看见过很多错误的视频了

Did the woman at the end say the Israeli and Ukrainian wars are over water?

If all of the thousands of sanctions, blacklistings, and tariffs go as planned, then yes, it will remain in 1st place, at least until it comes time to repay the $34T.

8:40 Did she say Israel Palestine war is about water lol

Tell me you are bias without telling me you are bias

The Israel and Hamas war is about…water?

Reserve currency = yes .

No.

When your report good jobs data, consumer spending, soft landing please highlight the cost to govt debts level.

Short answer is no.

I would like to point out these western analysts that GDP per capita is more accurate on Purchasing power parity per capita because it is within the country.

The Shifting Landscape of Global Economic Power: A Tale of Two Titans and a Rising Star The global economic dominance is undergoing a fascinating transformation, marked by the interplay of established powerhouses like the United States and China, and the meteoric rise of an economic contender - India. The US: Holding onto the Reins, but Facing Internal Headwinds While the United States remains a wealthy nation, its position as the sole major player in the global economic arena is teetering. China's earlier projections of eclipsing the US in the late 2020s were disrupted by post-pandemic economic woes. The nation grapples with internal challenges like: Diminished confidence in future growth: Public skepticism casts a shadow on economic prospects. Housing market tremors: The real estate sector faces significant hurdles, threatening stability. Lingering COVID scars: The slow recovery from pandemic measures continues to hamper progress. Demographic dilemmas: An aging population and declining birth rate pose long-term concerns. These factors highlight the potential vulnerabilities underlying the US's economic standing. However, it's crucial to acknowledge the nation's enduring strengths: Unmatched private sector dynamism: American innovation and investment in cutting-edge technologies like AI, robotics, and automation remain unparalleled. Abundant natural resources: Low electricity and land costs contribute to a robust manufacturing base. Yet, internal discord in the form of a divided political system and partisan gridlock poses a significant threat to future economic progress. To retain its top spot, the US must address these internal roadblocks and strategically utilize its inherent advantages. China: A Colossus with Cracks, Yet Undeterred Despite recent economic stumbles, China boasts formidable economic fundamentals, including: The world's most sophisticated supply chain: China's logistical might provides a substantial economic advantage. Global financial clout: Being the largest foreign direct investor, trading partner, and lender to numerous countries grants China immense economic influence. However, China also faces its own set of hurdles: COVID's lingering impact: The pandemic's continued effects and the nation's de-globalization policies create economic uncertainties. Disparity in living standards: While China's consumer market holds immense potential, the significant gap between Chinese and American living standards remains a critical issue. Demographic limitations: China's declining birth rate and aging population present long-term challenges to sustained economic growth. Crackdown on the private sector: Recent policies towards private businesses raise concerns about stifling innovation and hindering economic dynamism. Despite these challenges, China's potential to overtake the US as the world's largest economy by 2037 remains a distinct possibility. Its sheer size, combined with strategic resource allocation and continued technological advancements, could propel it to the top spot. India: The Rising Star in the East While the US and China battle for economic supremacy, India's ascension deserves attention. The nation has emerged as the fastest-growing economy among G20 members, propelled by: Demographic dividend: India boasts a young population compared to other major Asian economies, creating a thriving workforce and consumer base. Economic outperformance: India surpassed the UK in 2021 and continues to exhibit impressive economic growth. However, India faces its own unique challenges: Sustaining high growth: Matching China's consistent economic performance over the long term will be a crucial hurdle for India to overcome. Heavy reliance on public sector: Unlike China's initial model, India's current trajectory of high dependence on government spending necessitates greater private sector involvement for sustained growth. While surpassing the US as the world's largest economy might not be on the immediate horizon for India, projections suggest this could become a reality by the 2080s. Beyond the Bilateral Battle: A Call for Global Cooperation The shifting landscape of global economic power underscores the interconnectedness of the world. Amidst global challenges like the pandemic and the Ukraine war, international cooperation emerges as an essential element for collective prosperity. Focusing on common global goods like the hydrological cycle and fostering collaborative solutions to shared challenges will be crucial in navigating the evolving economic landscape and ensuring a sustainable future for all nations.

If economy means printing Currencies of course. Of it's commodity; USA would be at bottom

YES

All nations are going to need nonstop improving Politically, infrastructure,social programs equility balancing, protections of peoples freedoms and beliefs etc... but i think the USA is definitely on strong footing and with freedom as our foundation the strenght in that alone will carry us into the future, one great thing about freedom among many others is a free mind innovates in hard times, innavates in good times and everwhere inbetween. That are in line with our individual talents. To meet the tech requirements of the future organically. Yes china has enormous potential. The people of china are talented and have so much to offer the world, but the system of governance is a huge drag on their potential. And too narrow to reach its full potential in competing in the future. You look at some of the worlds most important things of use today were accidentally created/discovered example penicillin etc... So having a narrow belief system where only the top gov officials are the only ones who have say on what is important and worth pursuing is naive to think that they will know everything and always be right. If a man has extreme telant in gaming creation , putting him on military rocket creation is just a waste of who that man really is. You dont know the possibilities of that mans gaming creations to other Accumulated Tech that could piggybacked off his free mind creations. Innovation is rarely a straightforward line. it's messy. It's spread out, and it needs room to breathe and room for failure. All the things that the ccp of china does not believe in. They are at a disadvantage on so many levels but definitely not from lack of talent, just lack of room to breathe life into that talent so it can create without persecution. Anyway, only my own thoughts. im just a man im not trying to change the world or anyone elses opinions or nothing like that. I hope we all are properous in the future without taking and hurting eachother in peace. God bless you all. 🙏

WE GOT TO STAY THE #1 IN EVERYTHING AND WORK TOGETHER WELL WITH THE WORLD AND UNTIED! USA 🇺🇸

Yes

In other words; maybe, maybe not. But probably but it all depends. It's most likely but the future is murky. How's that for a summary?

India will be the biggest eventually. It will become great again!

Weird that NBC is actually cheering up by China-USA further integration, fascinating isn’t it?

Half the stuff the professor from NYU is saying is unintelligible

I still can't get over sewer oil being used in restaurants in China. I've never seen anything like it.

China is using industrial robots at about 12 times that of the US. The various US tech sanctions are certain to add rocket-fuel to China's tech development. In China, about 45% of the population live in the rural areas, meaning there is still a lot of economic potential to be unlocked in urbanization. Also, Chinese save about 30% of their income. If the govt can unlock that, China will surge ahead. I don't think that most of these economists are taking the full range of factors into consideration. One thing to remember is that economists have been predicting China's collapse for decades. It has not happened yet, which may suggest that most economists don't know what they are talking about in respect to China. By PPP, China is already the size of Japan bigger than the US. That will only continue to grow.

The US needs to lose the worlds largest economy trophy. Theres no need to be #1 in everything.

We have a 150trillion dollar lead. And have the largest corporation in the world that employees most of these countries citizens.

70s: Soviet Union will overtake U.S 80s: Japan will overtake U.S. 90s: EU will overtake U.S. 2020s: China will overtake U.S. No matter how much people want America to go, it's simply not easy to replace them

Three things will fundamentally change that will make US no longer the premier economy: 1. The economic models will break down along with Globalization and dedollarization. 2. You will have accute labor shortage and hyper inflation. 3. Investment will dry up due to above two factors.

Rich grow richer

So.. no answer to the title

As a Chinese young people cannot find job. All ckmpanies are cutting headcounts to save cost. Competition is everywhere，a lot of industries are suffered from endless low cost requirement. And recently the air quality is really a disaster， as result of sacrificing environmental reservation to keep GDP growth.

America will stand a chance if we can get a new president in office.

Infrastructure needs to be itemized. Private sectors need to be taxed more. Looking, 14 (four-teen) percent based on Americas itemized semi-quarterly report. America can survive with the build of the roads from Africas' road tax. After that contract, reitemize the import/export industry to self support Americas' own economy to stabilize those numbers. I don't see the Americans supporting Africa with the billion dollar Infrastructure after the roads. It comes down to the men in Government to import/export for the people. Small business. Go Sam Houston.

I don’t know what they been looking at but the economic situation in China is horrible and is not going to improve

Vamos India 🇮🇳🇮🇳🇮🇳

Sure, The U.S. will remain The World's Leading Economy. No doubt about it.

Recently Russian federation president Putin announced 1)China, 2)USA,3) India,4)Russia,5)Japan.......this is respectapul personality of world announced...

Will The U.S. Remain The World's Leading Economy? The key word is "Leading" which is not the same as biggest, number 1 in manufacturing etc. Leading mean it moves in a certain way with a well explain plan and the world follows. Then I am afraid it does not lead. The non-Western world is de-dollarising, which shows refusing US lead. Major models of its commercial jet liner are often grounded. It's tries to lead the world into sanctioning Russia, but most countries refused to follow. So it does not lead enough countries to win.

No one expected China will obtain full cycle of high-end chips production. Now they have their own DUV 28 nm machines which was unimaginable. SMIC working on 5 nm chips on ASML DUV equipment. Dominance of Chinese EVs. That's what matters No one thought China will overcome USA in 2020s. It was 2050 always as estimated date. China has 40% of rural population. It's enormous source of future growth. This episode shows how frightening for Americans Chinese World's Leading status is. It's like antemortem muttering.

I believe 🇺🇸 will remain strong due to the technology advance

Don't think so. If wars continue like this

Usa standard of living is so good that there own people cannot live in that standard 😂

Even if population declines- it’ll get richer

It's very interesting is American and European inteviews Americans and Europeans to know about China instead of interview of Chinese directly. I am just an ordinary citizen from Taiwan, China. I have tons of friends from different parts of China, from what I learned from them is most of them don't care who's number one or number two, same like me, we care more about our lives are getting better or not, not for compete with the Americans or anybody else. For example if our lives are getting better and better and the speed of getting better and better is very high, who cares number one or two, if American s like they can always take or claim they are number one or they can claim they are the most democratic, most beautiful, freest, greatest country by themselves, we don't care how they give themselves nicest adjectives,we just care if our own lives are getting better and we are happier by developing our own economy. My viewpoint probably is different from what mainstream media in the West narratives told you, and I suffered numerous insult or attacks like ccp bot, shield, for them freedom of speech only exist when you fit their narratives. If any CIA, FBI or Chinese agencies want to pay me for my speech/comment I would be happy to take free money, lol, just make sure pay me more better than millions of dollars, haha..

No economy, no hegemony.

Climate change will have greatest impact on China and india to grow at existing rate ..keep in mind one natural calamity will impact labor market a lot thus decreasing production ..US has capital and technology/innovation so will be difficult for other countries to overtake..

Every day we encounter novel challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $500,000 savings vanish after putting in so much effort to accumulate them.

The game changes once manufacturing moves out of China and into places like Mexico.

China calculated its GDP through product values produced domestically, while US calculated its GDP through personal spending, company spending and government spending. So in short, China already beat US for the world's leading economy if you calculate GDP in the same way. US GDP calculation is only because it already not an industrial super power. If US want to remain the leading GDP country, it only needs to borrow more and spend more like its debt increase dramatically, its GDP come along with it.

Glad Elon Musk giving the USA and world some direction with EV’s, battery storage and storage, Space X, and Starlink world WiFi

USA no longer no.1 economy in the real sense. It has lotsa empty calorie stuff going on Sports, media etc are all very low productivity economic activities and these are all highly inflated in value in the US