China's Economy, Politics, and Demography
SUMMARY China's dominance of the interconnected group of high-tech products will make China the dominant manufacturing country in the world. China will also dominate the global economy, exporting its high-growth products at falling prices and developing joint production in many countries. This includes renewable energy. China is the world's largest and lowest-cost producer of most renewable energy technology, especially solar panels and batteries. China is also developing and installing many advanced technology nuclear reactors. Combined with China's surge in exports to the world outside of the United States, as a reaction to American tariffs and bans on Chinese exports, most of the world's advanced technology will be based on Chinese technology. China will have to deal with internal, domestic problems. The housing crisis continues, wiping out family savings and limiting the growth in domestic consumer demand. The long-term problem will be the decline in...