My common reading is that GDP is an indicator of growth. China is currently developing, so it’s GDP is going to be higher. However, at some point they will be considered developed and there will be less reason to grow and it will be more difficult to grow. So the GDP will level off. This has been the trend in capitalist countries.
Whether or not this will apply to the Chinese economy, I don’t know. But I believe this is the framework that people are using when they make this argument.
Gotta partially disagree with you on this one. After WWII, imperialists got a free pass to expand throughout most of the world. All the way up through the fall of the USSR, the US was privatizing and gutting the public sectors of their client states and the eastern block.
However, with the neoliberal consensus overtaking most of the world, the US didn’t have any more big markets to crack open, which is why they had to turn their sights on gutting their own public sectors which they had free access to. Foucault’s boomerang and such