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I saw a recent study where they did an analysis of how long it would take the Chinese to catch up to the U.S. in terms of productivity and standard of living and GDP per capita and stuff like that. The answer was that even with the astronomical growth rate of the Chinese economy it would take well over 100 years. And that was based on the assumption that the growth rate is sustainable which it isn't.

That's probably true, although the overall Chinese economy will be bigger than ours sometime before 2050. It's just that they have far more people.

Speaking of people, China has determined that the rural regions of China can only sustain a population of 100 million. There are 500 million there now.

Over the next 15 years, they plan to relocate 400 million people from rural China into expanded megacities giving them an almost unlimited supply of cheap labor.

They are going to be very difficult to compete with. Ironically, the thing that could slow them down is political reform. Democracy is messy. Fascist planning and enforcement is far more efficient assuming the correct economic decisions are made.

Ironically, the thing that could slow them down is political reform

Yup.

And if you believe the line of crap that the Fortune 100 sold to GWBush, all that "capitalism" stuff going on in China will suddenly make the country into a nice democratic republic.

Only a few years from now...just you wait...it's coming...right on the horizon....hundreds of millions of consumers...largetst market in the Universe...