In this pessimistic view, China will soon replace America as the world's predominant power...
Yet even Beijing's miraculous 30-year leap out of poverty into first-world affluence and Westernized power is hardly the same as parity with the U.S...
- China has roughly four times the population of the U.S., but produces only about 60 percent of our total GDP.
- A crude way of looking at this asymmetry is that one U.S. citizen accounts for 40 percent more goods and services than his four Chinese counterparts.
- Americans enjoy a per capita GDP (roughly $95,000) over six times higher than China's (roughly $15,000)...
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