Gordon Chang: China's Rise (and America's Fall) Just Won't Happen. Here's Why.

[Tahuyaman]

Most of China's success is concentrated in its wealthy coastal cities. The interior is still pretty backwards.

China is mired in famine and abject poverty in much of the population.

[Peter1469]

The point is that China’s economic success has little to nothing to do with a reduction in government bureaucracy. In fact government has had a major role in creating it. That’s a big reason it’s not sustainable.

I never mentioned a reduction of government bureaucracy, rather I mentioned past reforms that the current government is reversing.

[Tahuyaman]

I never mentioned a reduction of government bureaucracy, rather I mentioned past reforms that the current government is reversing.

Someone said that the reduction of government bureaucracy was the primary reason for China’s economic success. I thought that was you. Sorry.

[Captdon]

The core American economy is the most vibrant and robust economy in world history. Unfortunately, it is saddled with the largest bureaucracy in world history. The Chinese economy's amazing success is due almost entirely to their reduction of government bureaucracy, yet they appear to be slowing those reforms. So in both cases, you have two economies with strong cores that are being weakened by excessive bureaucracy. Most likely, both economies will experience major corrections as their respective debt bubbles begin to burst.

Chinese government bureaucracy is far in excess of ours. You didn't take into consideration the fact that some of the Chinese production is owned by the Army. It's why they can declare lower spending on the military.