Q. May China replace United States as the world's economic power?/ Kim Seonghui

Q. Some economists and sociologists predict that in the near future, China may replace United States as the world's economic power. Do you think this may happen?
 
A. I don't think China can replace America's global economic power. First of all, I acknowledge that China's economic impact on the world is growing. But I think it is difficult to replace economic power because global confidence in China is still significantly lower than in the United States. An example is the case of Covid-19. China disclosed the number of confirmed cases in connection with the Covid-19, many people thought they were unreliable. Furthermore, I find it difficult for people's credibility to be higher than that of the United States, even because of the politics that are now close to Chinese dictatorship. That's why I don't think it will happen.

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