I mean, 119 vs 121 is still impressive, if true. With China’s momentum, I wouldn’t be surprised if they pass the US soonish.
That said, any article that includes Taiwan as part of China immediately makes me think it’s a propaganda piece.
That said, any article that includes Taiwan as part of China immediately makes me think it’s a propaganda piece.
Lots of ways to looks at numbers. China has 3x the population of US, so should we divide the company count by 3? Does number of companies matter, or market cap? Or revenue? Or profit + salary? Does purchasing power parity affect the weighting? What about the effects of US alliances with Europe vs China's alliances? What about the fact that US companies are multinationals, not purely American?
At best you can say that China is on the rise and is a force to be reckoned with. Can't say if it's more or less powerful than USA.
It's possible a trade war will end up being the best possible thing that could happen to them by putting some stress on their economy and helping them sharpen their game, but, then again, it may end up being the case that once again, a Communist regime turns out to be a paper tiger pumped up by a lot of people heavily invested in seeing Communism succeed, only for it to collapse spectacularly once all the internal contradictions are laid bare.
Stay tuned for the next couple of years.
China is totalitarian/single-party, not very Communist anymore (central planning of economy? Wages and welfare predominantly provided by the State?), and getting less Communist every day. China's CCP is as Communist as the US Greens are "green" or the Democrats are "democrats" vs Republicans being "republican". At a glance, China is converging with US, with China becoming a single-party-rule corporate oligopoly, and US becoming a libertarian corporate oligopoly.