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China’s economy set to overtake USA by 2028

Meanwhile, Biden still says China is “no economic threat” to the United States…

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China’s economy set to overtake USA by 2028

(Bloomberg) — The Chinese economy is set to overtake the U.S. faster than previously anticipated after weathering the coronavirus pandemic better than the West, according to the Centre for Economics and Business Research.

The world’s biggest and second-biggest economies are on course to trade places in dollar terms in 2028, five years earlier than expected a year ago, it said on Saturday.

In its World Economic League Table, the consultancy also calculated that China could become a high-income economy as soon as 2023. Further cementing Asia’s growing might, India is set to move up the rankings to become the No. 3 economy at the end of the decade.

Chinese President Xi Jinping said last month it was “entirely possible” for his economy to double in size by 2035 under his government’s new Five-Year Plan, which aims to achieve “modern socialism” in 15 years.

China was the first economy to suffer a pandemic blow, but has recovered swiftly, according to government data. That should prompt Western economies to pay much more attention to what is happening in Asia, according to the report.

“Typically, we compare ourselves with other Western economies and miss out on what often is best practice, especially in the rapidly growing economies in Asia,” it said.

Source: Yahoo

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Local News

Department comes out with a stunning document after a recent power outage- Texas ordered by Department of Energy to turn off power.

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Department comes out with a stunning document after a recent power outage- Texas ordered by Department of Energy to turn off power.

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Business

BITCOIN GOES BOOM ^ ABOVE 50K 1st TIME E V E R.

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BITCOIN GOES BOOM ^ ABOVE 50K 1st TIME E V E R.

KEY POINTS

  • Bitcoin surged to an all-time high of more than $50,000 on Tuesday.
  • Large firms like Tesla, Mastercard and BNY Mellon have shown support for cryptocurrencies.
  • Many crypto investors believe the current bull run is different to a late 2017 bubble.

MORE… CNBC. 😉

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Health

LA Students to be FORCED to take COVID-19 Vaccine if they want to return to school…

Los Angeles students required to get COVID-19 vaccine (once available) before return to school…

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LA Students to be FORCED to take COVID-19 Vaccine if they want to return to school…

Source: LA TIMES

Once COVID-19 vaccines are available to children, Los Angeles students will have to be immunized before they can return to campus, Supt. Austin Beutner said Monday.

Beutner however, did not suggest that campuses remain closed until then. Instead, he said, the state should set standards for reopening all schools, clearly justify the directives, and then require campuses to open when the standards are achieved.

A COVID-19 vaccine requirement would be “no different than students who are vaccinated for measles or mumps,” Beutner said in a pre-recorded briefing. He also compared students, staff and others getting a COVID-19 vaccine to those who “are tested for tuberculosis before they come on campus. That’s the best way we know to keep all on a campus safe.”

But a vaccine will not be in the arms of students for some time. The two vaccines that have received emergency use authorization from the Food and Drug Administration so far were tested almost exclusively in adults. The clinical trial of the shot made by Pfizer and BioNTech included 153 16- and 17-year-olds, and some of the experts who reviewed the data for the FDA said there weren’t enough teens to determine whether the vaccine is safe for that age group, let alone for younger children.

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