Elon Musk says Chinese economy will surpass US by 2 or 3 times: 'The foundation of war is economics' [CNBC]
Tesla, Inc. (TSLA)
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Source: CNBC
ORLANDO, Fla. — Tesla and SpaceX CEO Elon Musk "A thing that will feel pretty strange is that the Chinese economy is probably going to be at least twice as big as the United States' economy, maybe three times," Musk said during a fireside chat with U.S. Air Force Lt. Gen. John Thompson at the Air Warfare Symposium in Orlando, Florida. "The foundation of war is economics," Musk said. "If you have half the resources of the counterparty then you better be real innovative, if you're not innovative, you're going to lose." The two nations already are the world's two largest economies. The U.S. dominates with $21.44 trillion in nominal GDP and makes up one-fourth of the world economy. China, however, is the fastest-growing trillion-dollar economy with GDP of $14.14 trillion, according to the Nasdaq Because China's population is about four times larger than the United States, Musk said it would lower the barrier for China to surpass in economic size. The United States has roughly 330 million
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