anyone that thinks China has already won against the USA is deluding themselves.
Conclusion:
China's births have been collapsing for decades, China's childbearing population is collapsing, China's working age population is now falling, and so it follows that China's domestic markets have begun shrinking and this shrinkage will only continue to accelerate indefinitely. Add to this, the export markets for 90%+ of their exports are hardly growing, and in about a decade, all but Africa and India's under 65-year-old populations will likewise be shrinking.
https://seekingalpha.com/article/415...class-set-bust