That's a very important point that most people missed. China spent decades to achieve the current status. Especially the investment in education, i.e. Human Resource, the most effective ROI but need very long term commitment.
Western countries should do the same and do it continuously without consider the economic reward.
Indeed. What we need to do in Europe is spend the next three decades building the industrial, social, technological environment that gives China the advantages it has today, and enables "China Speed". I am worried that we will not do it until after we have gone through a deep crisis, however.
>I am worried that we will not do it until after we have gone through a deep crisis, however.
I hate to say this but this is exactly what is going to happen. And I dont see any way out of it. The same goes to UK as well. And even then I highly doubt "China Speed" will be possible. The absolute case I can see it happening is another "War", but even if speed or velocity were the same we will still lose on "scale".
Western countries should do the same and do it continuously without consider the economic reward.