I'm no wonder about this news.
Chinese's population is the largest in the world.
And they called as a massive production machine that can make any kind of product both of original or copy one.
And their buying demand is high that will increase their revenue
Topic: China Just Overtook The US As The World's Largest Economy - page 3. (Read 3986 times)
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.
I disagree with this.
From my limited knowledge of the subject, I've seen the US spend much larger amounts on new aircraft and new naval ships just for new technologies. The weapons themselves can't produce more damage - the vehicle that delivers the weapons becomes harder to hit. The US has no problem spending a billion dollars just to increase likelihood of survival a few percent.
In other words, the US spends a lot more per soldier than China does. But in their defence, they have a lot more soldiers and don't need to protect them as well.
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.
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.
Under free trade we have a common division of labor, and a pseudo common market. Its not valuable to distinguish between the "china economy" and "american economy". Its one economy and the china region is now larger in its contribution to the combined gdp. Under free trade we should not be making these distinctions at all.
DONT FORGET GINI INDEX
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.
Figure alone can be misleading. Need to take effectiveness and efficiency into consideration also.
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
China's economy is currently growing, but it will not grow for too long unless they change their policies. The debt to GDP ratio has already hit the 250% mark, and it is not a good sign by any means.
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.
China is industrial power
who would ever have thought capitalist communists.
I thought this was going to be happening in like 2030 for sure but that china were basically now the main super power because of growth rate.
side note: bitcoin/crypto currency is the china killer
side note: bitcoin/crypto currency is the china killer
it is because China is able to mimic the various technologies of other countries but with a cheaper price than the original price of the goods, but for the technology in terms of quality is almost perfect to emulate ... although not as perfect as the original, but it is good enough ..
However in terms of defense and security of china is still very dependent on America, especially in the manufacture of war materials advanced, for it has not been able to match the chinese american as armaments manufacturers the world's largest ...
However in terms of defense and security of china is still very dependent on America, especially in the manufacture of war materials advanced, for it has not been able to match the chinese american as armaments manufacturers the world's largest ...
China and Russia will be best economy in the world
On what grounds do you believe Russia will go on to become one of the world's biggest economies?
Already is one of the largest economies now, sixth world economy and still growing
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)
Figure alone can be misleading. Need to take effectiveness and efficiency into consideration also.
Why? We are comparing economies, not results.
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.
Figure alone can be misleading. Need to take effectiveness and efficiency into consideration also.
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.
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.
This is not a good measure of a country's economy. The size of the economies are adjusted for purchasing power. The best measure - straight GDP - still shows the US being a much larger economy then China http://finance.yahoo.com/news/china-just-overtook-us-worlds-090801574.html
United States is declining faster than I thought.
China and Russia will be best economy in the world
On what grounds do you believe Russia will go on to become one of the world's biggest economies?
Congratulations to China!
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