Topic: USA is now number 2 - page 3. (Read 11701 times)
In India it was one third of the country below 1 dollar not that long ago, it has improved but I think it remains far higher then China. In theory India is a faster growing economy as it has the working population increasing still where as China is now in decline in their raw labour capacity. Of course China will still expand from development and industry increasingly refining its output and becoming efficient but eventually set on its path now China will meet Japan in a similar decline of retired vs working productive capacity
Maybe china become number 1
But, still too many people with income less than $1 in a day
Let's hope china can change world become better & better
But, still too many people with income less than $1 in a day
Let's hope china can change world become better & better
2009 : Live less than $1.25 a day : 11.8% (157 million) : less than 10%
Two interesting takeaways from that article:
Quote
Think of it this way: why shouldn’t 18% of the people on the planet have 18% of the economy of the planet?
Quote
Total economy divided by the number of people who get to consume the output.
Here the US is well ahead (north of $50,000 a year in the US, only just over $5,000 a year in China and yes, that is after adjusting for price differences)
Here the US is well ahead (north of $50,000 a year in the US, only just over $5,000 a year in China and yes, that is after adjusting for price differences)
China will grow to be 18% of the world economy then some.
Two interesting takeaways from that article:
Quote
Think of it this way: why shouldn’t 18% of the people on the planet have 18% of the economy of the planet?
Quote
Total economy divided by the number of people who get to consume the output.
Here the US is well ahead (north of $50,000 a year in the US, only just over $5,000 a year in China and yes, that is after adjusting for price differences)
Here the US is well ahead (north of $50,000 a year in the US, only just over $5,000 a year in China and yes, that is after adjusting for price differences)
Does Bitcoin have anything to do with it?
Bitcoin might not have anything to do with it. The point is we also have to look at emerging markets like China to increase bitcoin adoption, and not just focus on the US alone.
China is developing and has much ground to make up from the past losses to trade. USA is more in decline because of its overburden to government, it must consolidate and resolve conflicts in its economy between what works and does not. I expect that is why China would 'beat' USA in GDP growth.
Some admire the command economy idea and that China may advance because politics has the power to force it but I think most natural growth likely to succeed would be unforced and supported by people without duress
The US economy is still growing and over longer periods of time it is growing at a faster rate then China. Additionally the Chinese government is more burdened by government intervention (by far) then the us is; many companies are state owned, there are horrible capital controls and a huge amount of corruption Some admire the command economy idea and that China may advance because politics has the power to force it but I think most natural growth likely to succeed would be unforced and supported by people without duress
Corruption is fought, very high profile politics end up in prison which never happens in the USA.
The US economy has a slower growth rate than China every single year for at least the last 30 years : http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?page=1
Government intervention is too big and the Communist Party is fighting free speech but their actions are working for the Economy.
Does Bitcoin have anything to do with it?
All things being equal, if your country has the most people then you should have the strongest economy. Of course, all things are not equal and it's a topsy-turvy world. Be that as it may, it shouldn't be such a surprise when countries with large populations and evolving socio-political climates demonstrate leadership and competition in global markets.
And... if you really want to fight terrorism you should hope that impoverished nations do better economically. It's not just a statistical coincidence that poverty breeds terrorism.
And... if you really want to fight terrorism you should hope that impoverished nations do better economically. It's not just a statistical coincidence that poverty breeds terrorism.
http://www.scoop.co.nz/stories/HL1412/S00164/china-challenges-us-economic-war-against-russia.htm
Quote
On Sunday, Chinese Commerce Minister Gao Hucheng told Hong Kong’s Phoenix TV that Beijing would strengthen ties with Moscow in energy and manufacturing, predicting that Chinese-Russian trade would hit its target of $100 billion this year despite the ruble crisis. As the ruble’s value in dollars or euros swings wildly, Gao proposed moving away from the dollar in financing Chinese-Russian trade and instead using the Chinese currency, the yuan or renminbi.
China is developing and has much ground to make up from the past losses to trade. USA is more in decline because of its overburden to government, it must consolidate and resolve conflicts in its economy between what works and does not. I expect that is why China would 'beat' USA in GDP growth.
Some admire the command economy idea and that China may advance because politics has the power to force it but I think most natural growth likely to succeed would be unforced and supported by people without duress
The US economy is still growing and over longer periods of time it is growing at a faster rate then China. Additionally the Chinese government is more burdened by government intervention (by far) then the us is; many companies are state owned, there are horrible capital controls and a huge amount of corruption Some admire the command economy idea and that China may advance because politics has the power to force it but I think most natural growth likely to succeed would be unforced and supported by people without duress
there 3 Keys why Chine is number 1 
First, vision and long-term development planning solid through a five-year plan of sustainable development. Second,apply basic knowledge development strategy. Third,the existence of a strong and effective bureaucracy led by China Communist Parties rulling
and support by their people are diligent and industrious, thrifty, innovative and high discipline
i see many product are written "Made in Chine"
First, vision and long-term development planning solid through a five-year plan of sustainable development. Second,apply basic knowledge development strategy. Third,the existence of a strong and effective bureaucracy led by China Communist Parties rulling
and support by their people are diligent and industrious, thrifty, innovative and high discipline
i see many product are written "Made in Chine"
China is developing and has much ground to make up from the past losses to trade. USA is more in decline because of its overburden to government, it must consolidate and resolve conflicts in its economy between what works and does not. I expect that is why China would 'beat' USA in GDP growth.
Some admire the command economy idea and that China may advance because politics has the power to force it but I think most natural growth likely to succeed would be unforced and supported by people without duress
Some admire the command economy idea and that China may advance because politics has the power to force it but I think most natural growth likely to succeed would be unforced and supported by people without duress
China is succeeding because they are mostly doing what is right economically.
China is developing and has much ground to make up from the past losses to trade. USA is more in decline because of its overburden to government, it must consolidate and resolve conflicts in its economy between what works and does not. I expect that is why China would 'beat' USA in GDP growth.
Some admire the command economy idea and that China may advance because politics has the power to force it but I think most natural growth likely to succeed would be unforced and supported by people without duress
Some admire the command economy idea and that China may advance because politics has the power to force it but I think most natural growth likely to succeed would be unforced and supported by people without duress
Only logical. China's economy has endless potential with the factory and manufacturing industry.
In the end China almost relies on the US for their money. If the US wouldn't pay China would loose lots of money. If the US decides not to buy stuff from China a lot of money would be lost for China.
The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.
Their efforts were initially directed on making sure that the massive population finds productive employment. Once this is taken care of, they may consider lessening restrictions.
They have a plan and it is working. They became the biggest and better producer and now the Yuan will increase in value and the chinese will enjoy even increasing standard of living.
If the price of the Yuan was able to trade freely then chinese goods would be much more expensive and the chinese economy would not be what it is today
They deliberately kept the Yuan low but now they are ready to let it appreciate against other currencies.
You will export more and produce more; it is what they wanted but having a weak currency is not good.
A weak currency means you are paying your importations higher and will cause inflation, your standard of living will go down and if you export more products but you are paid in a currency with less value, you don't get more value for the goods you import
The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.
Their efforts were initially directed on making sure that the massive population finds productive employment. Once this is taken care of, they may consider lessening restrictions.
They have a plan and it is working. They became the biggest and better producer and now the Yuan will increase in value and the chinese will enjoy even increasing standard of living.
If the price of the Yuan was able to trade freely then chinese goods would be much more expensive and the chinese economy would not be what it is today
They deliberately kept the Yuan low but now they are ready to let it appreciate against other currencies.
You will export more and produce more; it is what they wanted but having a weak currency is not good.
The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.
Their efforts were initially directed on making sure that the massive population finds productive employment. Once this is taken care of, they may consider lessening restrictions.
They have a plan and it is working. They became the biggest and better producer and now the Yuan will increase in value and the chinese will enjoy even increasing standard of living.
If the price of the Yuan was able to trade freely then chinese goods would be much more expensive and the chinese economy would not be what it is today
They deliberately kept the Yuan low but now they are ready to let it appreciate against other currencies.
You will export more and produce more; it is what they wanted but having a weak currency is not good.
The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.
Their efforts were initially directed on making sure that the massive population finds productive employment. Once this is taken care of, they may consider lessening restrictions.
They have a plan and it is working. They became the biggest and better producer and now the Yuan will increase in value and the chinese will enjoy even increasing standard of living.
If the price of the Yuan was able to trade freely then chinese goods would be much more expensive and the chinese economy would not be what it is today
They deliberately kept the Yuan low but now they are ready to let it appreciate against other currencies.
The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.
Their efforts were initially directed on making sure that the massive population finds productive employment. Once this is taken care of, they may consider lessening restrictions.
They have a plan and it is working. They became the biggest and better producer and now the Yuan will increase in value and the chinese will enjoy even increasing standard of living.
If the price of the Yuan was able to trade freely then chinese goods would be much more expensive and the chinese economy would not be what it is today
They deliberately kept the Yuan low but now they are ready to let it appreciate against other currencies.
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