Topic: China will become Super Power ? - page 25. (Read 14768 times)

think china have become super power already.

China does not raise its currency price because the gains to trade from exporting its goods and products to the world
Still outweight that of importing, in addition they are cutting back spending after the leader changed
To try and reduce a pricing bubble so expect more regulated controls on the exchange rate in the years to come
(Plus their is a price war brewing with Japan Korea and China right now)

China has economic slow downs and recessions just like every other economy in the world. He is correct to say that recessions in China tend to be deeper then other developed country's recessions (in other words their economy tends to slow more)

Busts? Only if you call a marginal slowdown in growth a bust.

Not really 30-40

Only 3-4

China will become super power, but not in some years - in 30 - 40 years and not less. Manufacturing in China is  sometimes very old and country is relatively far from Europe and US.

The Chinese economy has tended to be very volatile over the past 2 decades with larger booms and busts then the rest of the world. So far this has resulted in higher overall long term growth rates as the Chinese economy has grown faster then the rest of the world.

China is already a super power.

Hmm hope so

China will go into depression just like the rest of the countries as people stop wanting to be working drones without rights or free time whatsoever. Its starting to hapen alread with the demonstrations.

Give me one name of a country where corruption is not ;every country is in corruption and

China is still rising up !!

As a percentage of total economies, corruption is a much bigger problem in developing/third world countries then it is in the developed/industrialized world.

China is an exception to this. Corruption is a huge problem in China and a lot of money and resources are spent in ways that benefit politicians and such money usually will go overseas

China still lag behind the USA in the Olympic Medals count;
As per WHO (an UN Agency the PRC is a member of) China's health care system before 1980 performed far better than countries at a comparable level of development, since 1980 ranks much lower than comparable countries due to the end of the barefoot doctor system;
However, China as some National Champions like Huawei, Lenovo, etc who are competing well with foreign corporations in foreign markets. Sadly, PRC has also scores of sweatshops like Foxconn and Inventec.


On a lighter tone, at the moment this is the best......Evidence of Chinese dominator:


 

China is one of world dominator in health, sports, and industry.

Of course. we have to wait 2, or max 3 years, time that China will surpass USA economy which have many debts !

Although corruption does take many different forms, this is actually true.

There is a fundamental difference between places where corruption is an everyday fact vs. places where at the very least the norm of social interaction places corruption as an exception rather than a general rule.

It is a fact that too many of these contrarians and 1-st world 'revolutionaries' preaching and bitching from their warm, comfortable living rooms forget, and certainly have no experience in.

Corruption in developing worlds is nothing compare to corruption in 3rd world.

The reasons many 3rd world will remain banana republic even if western world fall back.

LOL a lot of ignorance and bandwagoning bull shit passing itself off as facts there. A lot of 'LOLOL US BAD JUST WANT TO BITCH AND MOAN'

Let's compare the respective size of economies of US and china. Now consider the fact that it used to be china's growth of over 10 to 9% of GDP per year was the norm, yet now even after the recession has passed it is barely struggling to meet 7.5% target this year. This emphatically states that the economy is slowing down. Still yet, Chinese gpd lingers around 50-60% of nominal US GDP.

It is a known fact that much of this gdp figure counts activities and transactions of questionable economic values that are usually discounted when especially discussing PPP in the west and other parts of the world. Everyone knows about exorbitant government lending and borrowing, empty housing and ghost towns and buildings, and corruption ridden local officials with no accountability what so ever that pad their pockets with government money. That's a topic that needs a thread all by itself, and many say that the housing bubble and shaky loan investments in chinese government and local levels have actually grown bigger then US subprime mortgage crisis.

In the mean time, US has managed to dodge a bullet that could have led its economy into a severe depression, and the world along with it. It was actually late in terms of financial cycle because the system was due for another depression, and relatively speaking it was handled better then what it could have been.

Now the US economy GDP growth supposedly lingers between upper 2% and 3%, while chinese economy about 55 to 60% its size lingers below 7.5%.

However, the core difference here is the difference between an economy that is just getting back on its feet, vs. and economy that is steadily slowing down. One with a lot of places to go up vs. one that is desperately trying to buttress its growth even as it sags lower and lower. The one with a lot of places to go up also happens to be almost twice as big as the other, and that's not even counting in the political, diplomatic, economic, geolocation, and military factors.

Of course, add the fact that foreign manufacture and investments are leaving china steadily for better grounds obviously means the world is ready to move on from using china like a cheap whore that she is.

Certainly US is in a period of transition. However the capitalist system was due for one, and china is just now finding out the limits of its own power in uncharted waters.

The recent news about PPP was brushed off for a justified reason - PPP is a local and substandard measure of economic power because we are living in a global age where such measures are meaningless due to interconnectivity of each economies. What it does measure however, is to degree which a nation such as china is basically playing the economic manipulation game of trying to stem the tide of justified inflation while essentially scamming international law in order to artificially buttress is economy.

Most projections of economies and nominal GDP places china to lag behind US at least until 2030, and even those predictions so far have been ones that were pushed back from 2007, 2010, 2015, 2020 and so on. That is assuming china even maintains the present level of growth, which has proven to be not the case.

Now we will see the true nature of strength, not one that a chinese wishes to think.


You got legitimate questions, or just a bitch fest where you want to talk shit about Americans?

Corruption is omnipresent.
You would be kidding yourself if you think corruption is restricted to the developing world. 

china already is a super power ... I know a good joke about that ) ...

John and Liu walk on the streets of London ...
Liu : when I see those flags I feel right at home ! .
John : WHy man ? those are UK flags, not Chinese flags
Liu: yeeeaah ... but you should look at the label ... they say : made in China !