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China will be the top economy in 20 years
- Thread starter turkeyneck
- Start date
Quote from amanda33:
A lot less like 2 trillion, at least you admit it when you're wrong.
Now look at China's growth statistics for the last 6 years - see a pattern? You're delusional if you think China's growth will be limited to 5% per year. In Q1 of 2008 it's still growing in double figures, annualized, amid the credit crunch.
And that 3.4 trillion figure doesn't take into account exchange rates. Is the Yuan appreciating or depreciating against the major currencies?
You know where the largest supply of labor is as you've read the figures I gave you, although you neglected to include them in your argument.
One other point - you know where the World's largest deposits of uranium are? No, not in Russian war heads anymore, they've all been sold to be used for fuel. I'll give you a clue - retail sales YoY in this country grew 22% in April, while fixed asset investment grew 25%.
I couldn't care less that my stats were "wrong". Don't get your panties in a twist, Mandude.
Seems you're ignorant of some basic economic metrics - specifically, the diff between REAL and nominal GDP.
Suggest you figure that one out before you start preaching chinas impending takeover at "13% a year" growth. LOL
Quote from achilles28:
I couldn't care less that my stats were "wrong". Don't get your panties in a twist, Mandude.
Seems you're ignorant of some basic economic metrics - specifically, the diff between REAL and nominal GDP.
Suggest you figure that one out before you start preaching chinas impending takeover at "13% a year" growth. LOL
Oh you're quick with the insults. What, you realised you're wrong again? I've already stated there won't be a takeover or did you fail reading comprehension?
If you want to talk about Real GDP then what's the Real GDP in the US? Now extrapolate that figure for 20 years.
Oh and before you use the official inflation rate, I'd check to see if almost every other country in the World includes food and energy in their CPI. Then ask yourself how you're going to afford to eat when the price of bread is your weekly wage, ha ha.
Quote from heypa:
If China ever becomes the economic power it appears to want to be it will become a serious military threat to the Muslim Religions intent to conquer the world.Pay attention to what the Muslim radicals are saying.Most of the gentler kinder Muslims are fellow travelers.
While we in the west are willing to shackle ourselves in our defense I don't think the Chinese will.
Muslims have no power. The "radicals" are all just CIA operatives that are there to scare Americans into thinking there needs to be a war.
Quote from sg20:
Like the old saying, "Those who hold the chips control the world". Unfortunately, by sending our knowledge and resources overseas we have weaken our economic advantage tremendously, as we are giving a way the latest technology for some quick profits. The future generations will have to face a great up hill battle if we donât wise up quickly.
sg20
What makes you think outsiders can't figure stuff out themselves? They are and they will.
The US is now a third world country because its policies are totally socialist. Even McCain is a god damn socialist. His record is pure ttrash.
Both US and China will be great nations in the next twenty years. It is not a zero-sum game, though US will likely be less powerful than before. It is similar to the game of basketball. US was the only super power in basetball and could beat anyone if it wanted. However, the edge of US over other nations in basetball has almost dis-appeared. Nevertheless, NBA is still the best in the world.