real China , here you go :
http://site.6park.com/life2/index.php?app=forum&act=threadview&tid=14238242
http://site.6park.com/life2/index.php?app=forum&act=threadview&tid=14238242
Are you from china?
sure, but now in germany
Topic: China Just Overtook The US As The World's Largest Economy - page 2. (Read 3941 times)
Are you from china?
sure, but now in germany
real China , here you go :
http://site.6park.com/life2/index.php?app=forum&act=threadview&tid=14238242
http://site.6park.com/life2/index.php?app=forum&act=threadview&tid=14238242
Are you from china?
Only with Purchasing power parity (PPP)
But in nominal GDP it still has a way to go.
PPP makes the most sense in comparing economies anyway. Would you disagree? But in nominal GDP it still has a way to go.
Yes, I disagree. Only real numbers make sense. Purchasing power parity is bullshit. All depends on how you count this "power parity".
Take some USD, go to China, exchange for RMB, buy something there, forget about PPP.
real China , here you go :
http://site.6park.com/life2/index.php?app=forum&act=threadview&tid=14238242
http://site.6park.com/life2/index.php?app=forum&act=threadview&tid=14238242
Only with Purchasing power parity (PPP)
But in nominal GDP it still has a way to go.
PPP makes the most sense in comparing economies anyway. Would you disagree? But in nominal GDP it still has a way to go.
Yes, I disagree. Only real numbers make sense. Purchasing power parity is bullshit. All depends on how you count this "power parity".
If China will not make any mistakes, they will surpass the US GDP for sure. It's just a question of time.
It is much more complex then to just not make any mistakes. There needs to be sufficient demand for the goods they produce. The demand will not necessarily always be there as the prices they sell their goods for is artificially low as they have kept their currency artificially weak for a very long time. This will eventually result in inflation which will degrade the standard of living of people living in China. No it will not. China's internal market growing even faster then their GDP. Do you now that they now produce 2.5 times more cars per year then america produce?
If China will not make any mistakes, they will surpass the US GDP for sure. It's just a question of time.
It is much more complex then to just not make any mistakes. There needs to be sufficient demand for the goods they produce. The demand will not necessarily always be there as the prices they sell their goods for is artificially low as they have kept their currency artificially weak for a very long time. This will eventually result in inflation which will degrade the standard of living of people living in China.
If China will not make any mistakes, they will surpass the US GDP for sure. It's just a question of time.
Only with Purchasing power parity (PPP)
But in nominal GDP it still has a way to go.
PPP makes the most sense in comparing economies anyway. Would you disagree? But in nominal GDP it still has a way to go.
PPP may make sense for comparing how the people in the country can live, e.g. for things like GDP per capita as a measure of wealth, but I think nominal (or real) GDP makes the most sense when comparing the economic power of nations. If the US and China both went to buy stuff from other nations, the US could afford a lot more, China's forex reserves notwithstanding.
However, I think China is on track to surpass the US even nominally by 2040 or so. It is clearly going to be a different world.
Only with Purchasing power parity (PPP)
But in nominal GDP it still has a way to go.
PPP makes the most sense in comparing economies anyway. Would you disagree? But in nominal GDP it still has a way to go.
PPP may make sense for comparing how the people in the country can live, e.g. for things like GDP per capita as a measure of wealth, but I think nominal (or real) GDP makes the most sense when comparing the economic power of nations. If the US and China both went to buy stuff from other nations, the US could afford a lot more, China's forex reserves notwithstanding.
However, I think China is on track to surpass the US even nominally by 2040 or so. It is clearly going to be a different world.
more like by 2020 =)
It will be quite some time before China's per capita income overtakes the USA. 
Only with Purchasing power parity (PPP)
But in nominal GDP it still has a way to go.
PPP makes the most sense in comparing economies anyway. Would you disagree? But in nominal GDP it still has a way to go.
PPP may make sense for comparing how the people in the country can live, e.g. for things like GDP per capita as a measure of wealth, but I think nominal (or real) GDP makes the most sense when comparing the economic power of nations. If the US and China both went to buy stuff from other nations, the US could afford a lot more, China's forex reserves notwithstanding.
However, I think China is on track to surpass the US even nominally by 2040 or so. It is clearly going to be a different world.
who would ever have thought capitalist communists.
No worse than Western nations that constantly preach 'free trade' yet subsidize' exports, bail out banks and other failing industries with tax revenue and impose strict tariffs on imports.
Especially with their one world gubment crap they keep slowly building up.
I don't think thot they are trying to replicate anything.
The Western nations are the authors of this great gome of hypocricy.
The only difference is that the Chinese are getting much better results.
No nation has pulled so many of its citizens out of poverty in as short a time period China.
But it's being spliced in as we sit around bitching about it online.
Only with Purchasing power parity (PPP)
But in nominal GDP it still has a way to go.
PPP makes the most sense in comparing economies anyway. Would you disagree? But in nominal GDP it still has a way to go.
Only with Purchasing power parity (PPP)
But in nominal GDP it still has a way to go.
PPP makes the most sense in comparing economies anyway. Would you disagree? But in nominal GDP it still has a way to go.
Yes, I disagree. Only real numbers make sense. Purchasing power parity is bullshit. All depends on how you count this "power parity".
Only with Purchasing power parity (PPP)
But in nominal GDP it still has a way to go.
PPP makes the most sense in comparing economies anyway. Would you disagree? But in nominal GDP it still has a way to go.
Only with Purchasing power parity (PPP)
But in nominal GDP it still has a way to go.
But in nominal GDP it still has a way to go.
China and Russia will be best economy in the world
China yes. It will be the biggest economy in the world sooner or later.
But russia no. It has only 140 million people. That's not enough.
Unless it will restore soviet union on a new basis or something.
Figure alone can be misleading. Need to take effectiveness and efficiency into consideration also.
The US is able to spend their defense dollars more efficiently then China. The US generally has more advanced military technology so each additional dollar spent is able to purchase weapons that can produce more damage. Also the US has been spending vast amounts of money on defense for much longer then China has so it already has stockpiles of weaponry and technology to use if necessary
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China don't need to spend that much on defense. Attacking China would be a costly war and that would be the mutually assured destruction of the world economy for at least a decade, therefore the attackers would shot themselves in the leg.
(Not to mention that Russia has close ties to China so they would likely to be pissed off.)
At this point China only needs to build up technologically, keep strengthening it's own economy and to establish the means of their power projection for the future. The USA will bleed out economically within a few decades and will have to introduce some new, more introverted policies for sorting out it's own problems. That will be time when China can start spreading her influence over the word without getting involved in costly clashes with other power centers.
China is now The World's Largest Economy
http://finance.yahoo.com/news/china-just-overtook-us-worlds-090801574.html
United States is declining faster than I thought.
http://finance.yahoo.com/news/china-just-overtook-us-worlds-090801574.html
United States is declining faster than I thought.
YET
US Defence Spending: $756.4 billion
China Defence Spending: $115.7 billion
2014 figures.
Still going to be a while before China overtakes the US in military expenditure. China still only has one aircraft carrier (which isn't combat operational).
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