Comment by riffraff
20 days ago
I remember when Japan was supposed to take over the world in the '80s, to the point that "back to the future 2" had Americans speaking Japanese to their managers.
Toyota did become the dominant producer, but American and European car makers (and now Koreans and Chinese) are still around. I wouldn't bet on total domination from China anytime soon.
Well, China is not accepting/going through a Plaza Accord kind of an agreement. So history might not replay itself this time.
Yes I remember, too. The crucial difference is that Japan's population is one third of the US while China's is 4 times the US (and 3x the EU).
Basically Japan never had the numbers to "take over the world" while China has them even if natality is way down.
If China had the same clout relative to population as Japan, Germany, Korea, or the US it would dwarf everyone else, and that's why the US are in a panic about China.
And funny thing, all three countries car industries were started by the USA.