China is on the rise, while the United States is in decline. At least that’s the impression many people are getting, based on a number of measures.
China is now the world’s wealthiest nation. According to the latest numbers, he Communist country has a net worth of $120 trillion, having overtaken and far surpassed that of the United States, which has a net worth of $90 trillion.
China is replacing the United States as the world leader in technology. The Wall Street Journal reports that “In each of the foundational technologies of the 21st century—artificial intelligence, semiconductors, 5G wireless, quantum information science, biotechnology and green energy—China could soon be the global leader. In some areas, it is already No. 1.”