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Topic: China's scary growth! (Read 1433 times)

legendary
Activity: 1067
Merit: 1000
June 20, 2014, 04:16:49 PM
#26
China is the world's biggest exporter, and the world's second importer, with 1.2 billion people!
So yeah the growth in China's economy is huge.
By 2020 , China is expected to surpass the USA in gdp.  Shocked Shocked Shocked

It is unlikely that US will let China get to the top without challenge.

Who really know if a direct confrontation/global war will benefit/hurt who the most?

sr. member
Activity: 518
Merit: 250
June 20, 2014, 10:17:49 AM
#25
China has around 20% of the world population. The US in comparison has around 5%.
I think this may be of an influence, other than the things mentioned in the thread here before.
legendary
Activity: 997
Merit: 1002
Gamdom.com
June 20, 2014, 08:12:06 AM
#24
The rapid growth in China’s defense budget is a natural outcome of its economic rise. It's not as scary as you all think. IHS Jane’s recently estimated that China will raise its military budget by nearly $10 billion this year (going from $139.2 billion to $148 billion). The news fits in well with catchy headlines about China’s growing military might, but as with all figures, the meaning can be distorted when taken out of context.

I read a while back that they had estimated China's defence budget will overtake the US within 20 years, still got a fair way to go, think they've only got one warship. Wont be long til Fox News starts screaming about the yellow peril  Grin

Chinese have a two huge fleets, not as many as the US's 5 however they are growing at an incredible rate and have so for the past 25 years. THey have just sent to sea their 1st aircraft carrier with two more in the pipeline. Capping it off,thye already have their 5th generation fighter entering low rate production whilst JSF continues to blow out.

Don't believe the US propoganda, the Chines and Russian 4th and 5th generation fighters are damn good and any technical deficency they do have is overcome in the additional numbers.

No doubt China has a huge military (and Russia), China's People's Liberation Army alone has 1.6 million personnel. Think the big game-changer will be when China gets more aircraft carriers.

sr. member
Activity: 350
Merit: 250
June 20, 2014, 08:04:32 AM
#23
With the GOP, do not expect any jobs created or infrastructure rebuilding as in their minds they fantasize they "built that."
Thanks to Bush's "Most Favored Nation" status, China also took five million jobs though WalMart, Home Depot and the other GOP big box store, low-wage, business poster children fared well from cheap imports which was, of course, was not passed on to workers while taxpayers were hit with welfare subsidies to make up for the low wages like food stamps.
As people may have forgotten, Bush-Cheney mortgaged America's future to Communist China by borrowing $1.7 TRILLION to finance their 23+ years of combined wars in Afghanistan and Iraq based upon lies and oil greed. Ironically, China garnered the largest Iraq oil contract that is now in jeopardy as Iraq slowly falls apart.
Though China has been stealing US business and military secrets costing billions annually, America corporations continue to import billions of cheap goods while selling them our polluting coal. The one positive is US auto sales in China which the GOP will snark about but not all the cheap consumer goods that cost the most jobs.
It's not Bush's fault. The American people are consumers and want to pay as little as possible for consumption. The only way that is done is to ship jobs out. The American people got what they were told they would get. It's 100% the people's fault.
sr. member
Activity: 364
Merit: 250
June 20, 2014, 07:59:02 AM
#22
I came through this piece of interesting and mind blowing trivia today.

Apparently Bill Gates posted a tweet about China's growth.

http://www.huffingtonpost.com/2014/06/13...91527.html

It is stated that in the past three years alone, China had used as much cement as US had used in the past HUNDRED YEARS.

What do you think about China's growth as a developing nation and emergence to global superpower status?
They are now one of the largest contractors for building roads around the world, they missed adding that factor.
Republicans stopped most infrastructure spending in 2009 to prevent the US economy from improving so that they could make Obama a one term president. Infrastructure spending used to be the Republicans favorite policy but Cantor made sure that any policy that might help the country and Obama would die in the House. How many more bridges have to fall into rivers before these blue collar, red state voters will finally wise up that their problems are the fault of Republicans?
sr. member
Activity: 378
Merit: 250
June 20, 2014, 07:50:14 AM
#21
I came through this piece of interesting and mind blowing trivia today.

Apparently Bill Gates posted a tweet about China's growth.

http://www.huffingtonpost.com/2014/06/13...91527.html

It is stated that in the past three years alone, China had used as much cement as US had used in the past HUNDRED YEARS.

What do you think about China's growth as a developing nation and emergence to global superpower status?
They are now one of the largest contractors for building roads around the world, they missed adding that factor.
sr. member
Activity: 448
Merit: 250
June 20, 2014, 07:47:48 AM
#20
China appears to have learned the wrong thing while trying to emulate the U.S. success. Just as we have top executives who create business plans that have flashy and impressive numbers in the short run but turn into losses after the executive has moved on, China's culture encourages city-managers to encourage the building of theme cities that look good on paper and sound impressive but don't have that most important of things: residents and the businesses that would be providing services to them.

All the government officials want is to have project that makes them look productive so they are promoted out of the area. That there are no businesses to fill the shopping malls and no residents to lease the apartments or buy things from those businesses (if they existed) isn't something they are concerned with.

On top of that, they are ignoring the better practices that the U.S. has come up with to reduce pollution and environmental damage because the money to do so would reduce the amount of work that they are trying to impress people with.

The reason they have been able to do this without a complete meltdown is that they also have an immense amount of very cheap labor to generate cheap products for other nations to buy. They are slowly raising some of the public's quality-of-life but that isn't hard when, previously, those people were living with dirt floors and no running water.

China threatens to lower the quality-of-life for other nation's employees to continue with this. In other words, they have become the Walmart of the world job market.
hero member
Activity: 826
Merit: 501
in defi we trust
June 20, 2014, 07:43:30 AM
#19
China owns huge amounts of US debt. Given US cannot pay of their own debt, it is only a matter of time before China cashes the checks and large chunks of US infrastructure is given to the CHinese as a debt swap agreement. Most likely the utilities, power and water, which the Chinese government will jack up the prices on and thereby ring the money owed out of the population.

Oh really?
The us say f** with your debt bonds....
What is China going to do? Keep silent and wag her tail like a dog .

China is not capable of trying to impose on the US. And it will never be.

The rapid growth in China’s defense budget is a natural outcome of its economic rise. It's not as scary as you all think. IHS Jane’s recently estimated that China will raise its military budget by nearly $10 billion this year (going from $139.2 billion to $148 billion). The news fits in well with catchy headlines about China’s growing military might, but as with all figures, the meaning can be distorted when taken out of context.

I read a while back that they had estimated China's defence budget will overtake the US within 20 years, still got a fair way to go, think they've only got one warship. Wont be long til Fox News starts screaming about the yellow peril  Grin

Chinese have a two huge fleets, not as many as the US's 5 however they are growing at an incredible rate and have so for the past 25 years. THey have just sent to sea their 1st aircraft carrier with two more in the pipeline. Capping it off,thye already have their 5th generation fighter entering low rate production whilst JSF continues to blow out.

Don't believe the US propoganda, the Chines and Russian 4th and 5th generation fighters are damn good and any technical deficency they do have is overcome in the additional numbers.

That is not an aircraft carrier , it's and old Russian bathtub that was painted to hide the rust.
hero member
Activity: 810
Merit: 1000
June 20, 2014, 07:33:04 AM
#18
The rapid growth in China’s defense budget is a natural outcome of its economic rise. It's not as scary as you all think. IHS Jane’s recently estimated that China will raise its military budget by nearly $10 billion this year (going from $139.2 billion to $148 billion). The news fits in well with catchy headlines about China’s growing military might, but as with all figures, the meaning can be distorted when taken out of context.

I read a while back that they had estimated China's defence budget will overtake the US within 20 years, still got a fair way to go, think they've only got one warship. Wont be long til Fox News starts screaming about the yellow peril  Grin

Chinese have a two huge fleets, not as many as the US's 5 however they are growing at an incredible rate and have so for the past 25 years. THey have just sent to sea their 1st aircraft carrier with two more in the pipeline. Capping it off,thye already have their 5th generation fighter entering low rate production whilst JSF continues to blow out.

Don't believe the US propoganda, the Chines and Russian 4th and 5th generation fighters are damn good and any technical deficency they do have is overcome in the additional numbers.
hero member
Activity: 810
Merit: 1000
June 20, 2014, 07:29:55 AM
#17
China owns huge amounts of US debt. Given US cannot pay of their own debt, it is only a matter of time before China cashes the checks and large chunks of US infrastructure is given to the CHinese as a debt swap agreement. Most likely the utilities, power and water, which the Chinese government will jack up the prices on and thereby ring the money owed out of the population.
legendary
Activity: 1316
Merit: 1000
June 20, 2014, 07:26:03 AM
#16

Captain bitcoin to the rescue imo.  West adopting bitcoin will create more efficiency vs china centralized system.  Maybe we can then supply them with products.
How? You would need to work for few cents a hour to be able to be concurency to their cheap working power.

Ok so lets say west adopt crypto fully and china doesnt.  The evolution in all areas of the west.... economy/living standards/technology would be huge.  We would crush china in all departments.

And if not btw we should all be following china's model because they would be doing it right.  We know they arent though - centralization is backward.
legendary
Activity: 997
Merit: 1002
Gamdom.com
June 20, 2014, 07:24:45 AM
#15
The rapid growth in China’s defense budget is a natural outcome of its economic rise. It's not as scary as you all think. IHS Jane’s recently estimated that China will raise its military budget by nearly $10 billion this year (going from $139.2 billion to $148 billion). The news fits in well with catchy headlines about China’s growing military might, but as with all figures, the meaning can be distorted when taken out of context.

I read a while back that they had estimated China's defence budget will overtake the US within 20 years, still got a fair way to go, think they've only got one warship. Wont be long til Fox News starts screaming about the yellow peril  Grin
sr. member
Activity: 994
Merit: 441
June 20, 2014, 07:17:45 AM
#14
With the GOP, do not expect any jobs created or infrastructure rebuilding as in their minds they fantasize they "built that."
Thanks to Bush's "Most Favored Nation" status, China also took five million jobs though WalMart, Home Depot and the other GOP big box store, low-wage, business poster children fared well from cheap imports which was, of course, was not passed on to workers while taxpayers were hit with welfare subsidies to make up for the low wages like food stamps.
As people may have forgotten, Bush-Cheney mortgaged America's future to Communist China by borrowing $1.7 TRILLION to finance their 23+ years of combined wars in Afghanistan and Iraq based upon lies and oil greed. Ironically, China garnered the largest Iraq oil contract that is now in jeopardy as Iraq slowly falls apart.
Though China has been stealing US business and military secrets costing billions annually, America corporations continue to import billions of cheap goods while selling them our polluting coal. The one positive is US auto sales in China which the GOP will snark about but not all the cheap consumer goods that cost the most jobs.
hero member
Activity: 826
Merit: 501
in defi we trust
June 20, 2014, 06:16:41 AM
#13
When you have to redo thing 4 times because they are collapsing after a few months it's normal you use three times the material.
Also , if you build just to build with no real objective or economical reasons it's the same.

Another interesting point ,per capita consumption of cement

Saudi Arabia   1,683
China 1,581
South Korea 911
USA 232
hero member
Activity: 602
Merit: 500
In math we trust.
June 20, 2014, 05:51:18 AM
#12
China is the world's biggest exporter, and the world's second importer, with 1.2 billion people!
So yeah the growth in China's economy is huge.
By 2020 , China is expected to surpass the USA in gdp.  Shocked Shocked Shocked
sr. member
Activity: 364
Merit: 250
June 20, 2014, 05:49:22 AM
#11
Actually, I think China's growth comes at a heavy price to the environment. I have been to China before and the air quality was VERY bad. We were told that the weather is like that pretty much 365 days a year!
And it is interesting to note that China has resisted all attempts of the international community to restrain its pollution of the environment. Also, even though China is a part of the Kyoto Protocol, it is not obligated to cut down its greenhouse gases emissions due to being classified as a 'developing country'.
This is just outrageous in an era which many countries are trying to cut back their pollution for the sake of the environment, China is instead producing more pollution!
sr. member
Activity: 378
Merit: 250
June 20, 2014, 05:45:38 AM
#10
The rapid growth in China’s defense budget is a natural outcome of its economic rise. It's not as scary as you all think. IHS Jane’s recently estimated that China will raise its military budget by nearly $10 billion this year (going from $139.2 billion to $148 billion). The news fits in well with catchy headlines about China’s growing military might, but as with all figures, the meaning can be distorted when taken out of context.
sr. member
Activity: 448
Merit: 250
June 20, 2014, 05:34:49 AM
#9
It's really hard to say. China's expansion is, in a lot of ways, dependent on the US. Both as consumer of goods and as debtor. If the US declined in power, this wouldn't necessarily be a good thing for China.
Yes i agreed with you, that China's economic growth is helped by the US but certainly not dependent on it, you could say China needed the initial FDI to kick start their own investments but China is today the world's largest investor by dollar terms.
sr. member
Activity: 994
Merit: 441
June 20, 2014, 05:23:49 AM
#8
It's really hard to say. China's expansion is, in a lot of ways, dependent on the US. Both as consumer of goods and as debtor. If the US declined in power, this wouldn't necessarily be a good thing for China.
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