As of the end of this year, China's positive trade balance has reached nearly one trillion dollars, which is an astonishing figure, especially when compared to the results of the USA and the European Union.
This is reported by the Telegram channel "Kush's Analytics".
The channel notes that this phenomenon should be viewed through the lens of global economic processes.
"However, it is the West that has inadvertently created the factor of 'excess production capacity' in China. I have long noted that the USA 'missed' China in the early 2000s, when this figure was around 100 billion dollars," they add.
He emphasized that it is important to consider that the dollar exchange rate was significantly lower at that time, but the difference is not tenfold.
"Moreover, a trade balance of one trillion serves as an illustration of the 'crisis' in China. This is something to pay attention to. Germany is still adapting its economy to the new mass market of the sixth technological paradigm, while France has not even started this transition," writes Kush's Analytics.
Thus, the forecast for the next 10 years suggests that the European Union will ultimately lose its technological leadership.
"The USA, like the Shining City on a Hill, is the last hope of the West to maintain leadership, and the rise of the Republicans is the final chance for a new wave of technological advancement and industrialization in America. It's no coincidence that Elon Musk is on Trump's team," Kush added.