[quote=“zhujianlun”]
Methinks some people on this board are living in an elaborate fantasy world. If someone can explain how fifty years of sustainable development can exist in most Chinese provinces in the absence of clean drinking water I will be thoroughly impressed.[/quote]
The “absence” of clean drinking water? Are we perhaps exaggerating events just a tad? But I don’t know, perhaps you’re collaborating with Gordon Chang on his next book (“The Coming, Coming Collapse of China… seriously this time!”) and you have access to facts the rest of us don’t.
But I wouldn’t want to turn down this opportunity to impress you.
Goldman Sachs, at least, live in my fantasy world. Please do to refer to their oft-quoted research white paper Dreaming with BRICs: The Path to 2050. Their prediction is that the Chinese economy, in the year 2050, will be 41 times the size it was in the year 2000 (page 9 of their release; all numbers in US dollar terms).
Taiwan’s economy wasn’t significant enough to be part of their predictions, but perhaps you’ll agree that the Japanese economy represents a reasonable analogue. (And in my opinion, a GENEROUS analogue… an “independent” Taiwan’s economic growth over the next 45 years will probably lag that of Japan’s… at least you can catch a flight from Tokyo to Shanghai). Japan’s economy is projected to grow by 1.6 times in the 50 years from 2000 - 2050. With Japanese growth as our guide, and Taiwan’s GDP in 2000 ($386 billion)… we can guesstimate Taiwan’s GDP in 2050 at $617.6 billion.
How will that stack up against individual Chinese provinces? I’ll just do a little reverse math by dividing Taiwan’s 2050 GDP of $617.6 billion by 41, to get an adjusted value of $15 billion. That is to say: Taiwan’s 2050 GDP will be equal to a Chinese province who’s 2000 GDP is $15 billion. With me so far?
So, based on this methodology, here are all the Chinese provinces that would have a LOWER (total) GDP than Taiwan in year 2050:
- Gansu ($11.6b in 1999),
- Hainan ($5.8B in 1999),
- Guizhou ($11.1B in 1999),
- Tibet ($1.3B in 1999),
- Qinghai ($2.9B in 99),
- Ningxia ($3B in 99),
- Xinjiang ($14.6b in 1999).
That means Taiwan would rank lower than 23 of 31 provinces/municipalities. How’s fantasy land looking to you, right now?
There are tons of inherent assumptions in this calculation, obviously. For one thing, if current trends are any indicator, it’s unfair to assume that development will be anywhere close to uniform across all of China. The Western provinces will probably grow less than that 41x factor… while the eastern provinces could very well grow more. And I’m expecting to get all of the: [standard retorts]Chinese statistics blahblah; greedy blind international investors blahblah; Communist systems doomed blahblah; democracy + soft power + Hello Kitty dominates all blahblah[/standard retorts].
But really, we’d be arguing number angels on the head of a pin. I don’t really want to venture a guess whether Taiwan’s economy will be larger than that of Inner Mongolia or Yunnan in the year 2050. But, I’ll certainly say that based on current trends, it seems indisputable that Taiwan will be far, far behind the leading pack: Shanghai, Jiangsu, Zhejiang, Guangdong, Shenzhen, Chongqing, Beijing, Hebei, Shandong, Anhui, Henan, Liaoning, etc…
However you spin it or dice it, those of us who’re in touch with what you call “fantasy” and what I call “the facts” understand that Taiwan’s headed for economic irrelevancy on an absolute GDP scale. Let’s return to a discussion about the strategic implications of this change.