China Just Overtook The US As The World's Largest Economy

[Stewox]

At least the US does not have these problems like china:

http://www.chinahush.com/2009/10/21/amazing-pictures-pollution-in-china/


http://www.cbsnews.com/videos/nobodys-home-the-ghost-cities-of-china/


http://www.economist.com/news/china...ments-remedies-are-potentially-disastrous-all


http://www.cnbc.com/id/101101030



http://www.nytimes.com/2009/04/11/world/asia/11china.html?_r=0


World power? Ha!!!





I don't care if china is rich or poor but china is acting just like German Nazi in 1930's. And we all know what happend.

America is worse in other ways - chinese ban some GMOs, america doesn't.

... long story short, america is being used, the parasites used it's wealth for their private goals, now they're trying to outsource all american knowhow to the east.

 

[Svnla]

Like NAZI Germany? Really?? That assertion just has no actual real context to justify it as fact. A more apt comparison would be to compare China to other Western powers (or maybe even Japan itself) during the 1900's as they rose up and went on to grab resources around the world and assert their own interests.

As for the debate in regards to whether the conclusion of China overtaking the US economy goes,....Well we can all agree that even if you don't think the analysis is correct, it will be correct eventually. 1.3 billion people in a nation that is slowly turning into the largest domestic consumer market is going to eventually overshadow the US even if you dispute the conclusion drawn from this article and its methodology in reaching that conclusion. I.e. its not a question of if, its a question of when if you disagree with this article.

No actual real context? Really? Let see, china attacked and annexed Tibet, Inner Mongolia, Xinjiang. It is claiming over 90% of South of china Sea. It attacked Vietnam at Paracels in 1974 and Spratlys in 1988. It bullied Philippines at Scarborough Shoal in 2012 and took over as its own. It attacked Vietnam in 1979 but was schooled in shame and humiliation by old men and women of the local militia force with ten of thousands chinese soldiers lay dead at the border.

Do those facts look like "rose up and went on to grab resources around the world and assert their own interests" to you?

Those are real facts. Do you see it now or do you want me to go on?

 

[LegendKiller]

America is worse in other ways - chinese ban some GMOs, america doesn't.

... long story short, america is being used, the parasites used it's wealth for their private goals, now they're trying to outsource all american knowhow to the east.

Yeah, that means Chinese are fucking morons about GMOs.

Do you think that there aren't parasites in China? In fact, they are *the* largest parasites in history.

Who do you think controls all of the SOEs? Do you think those people are paupers?

This PPP measurement of GDP is a fucking joke. It doesn't even account for their artificially pegged currency. Make it a meaningful comparison and do GDP per capita.

 

[HeXen]

Thanks Nixon.

Thanks fat, lazy Americans.

 

[MongGrel]

Stewox still exists ?


Hi there.

 

[Mai72]

Has anyone seen the Ted Talk on Asia's rise to power? The India/Chinese combo will cause a lot if headaches for America/Britain. The way things are currently going it was estimated that between 2040-50 is when Asia should break away and show dominance. That's if a major war doesn't break put by then. I think were headed to some type of war, because China's rise in power will create a lot of friction with America.

There are still areas in China that are very poor. Few people are enjoying China's wealth.

 

[sandorski]

Thanks Ghengis Khannnnnnn!

 

[bradley]

Thanks Nixon.

And Clinton, more so Clinton. HW Bush sealed the deal.

Hong Kong protesters can also thank Clinton and Bush for a diametric outcome as compared to Tiananmen Square.

 

[sportage]

Aw..... BUT, you should also remember.
Remember what Obama said, words of wisdom that should be put on the dollar bill.

Obama asked, "when the world is in crisis, who do they call?"
"They don't call China. The don't call the Soviet Union."
"They call US."
(Not word for word, but the general idea of his statement)

Obama's version of TEAR DOWN THIS WALL.

So maybe China has more marbles, or more colorful marbles, but America made all the marbles.

 

[halik]

All those things are possible, but generally increased economic prosperity is wonderful news for everyone. China being better off is very likely to make us better off as economics is not a zero sum game.

Not if bulk of the growth comes from US exporting high value-add unskilled jobs and replacing them with low value-add service jobs. There's a reason why Detroit is a shithole, dotted with 1920s mansions.

 

[cyclohexane]

No actual real context? Really? Let see, china attacked and annexed Tibet, Inner Mongolia, Xinjiang. It is claiming over 90% of South of china Sea. It attacked Vietnam at Paracels in 1974 and Spratlys in 1988. It bullied Philippines at Scarborough Shoal in 2012 and took over as its own. It attacked Vietnam in 1979 but was schooled in shame and humiliation by old men and women of the local militia force with ten of thousands chinese soldiers lay dead at the border.

Do those facts look like "rose up and went on to grab resources around the world and assert their own interests" to you?

Those are real facts. Do you see it now or do you want me to go on?

If you're going to argue, at least know the facts. Xinjiang had been under Chinese rule since before the time of Jesus. Inner Mongolia since the 12th century, and Tibet since the 17th.


The US has tons of territories where the people get no political representation: Puerto Rico，Guam, Virgin Islands, Marshall Islands, etc.

 

[Svnla]

If you're going to argue, at least know the facts. Xinjiang had been under Chinese rule since before the time of Jesus. Inner Mongolia since the 12th century, and Tibet since the 17th.


The US has tons of territories where the people get no political representation: Puerto Rico，Guam, Virgin Islands, Marshall Islands, etc.

Facts you said?

Vietnam was under china rule for 1000 years (before the birth of Jesus) until 938 AD. So it should belong to china? china tried to do that multiple times and the latest was in 1979 and this is what happened =

http://content.time.com/time/photogallery/0,29307,1879849,00.html


http://www.globalsecurity.org/military/world/war/prc-vietnam.htm


http://time.com/100417/china-vietnam-sino-vietnamese-war-south-china-sea/


Xinjiang had been under chinese rule before the time of Jesus? Really? I thought I saw something about Tibet and Mongol below. <snickering>

With a documented history of at least 2,500 years, a succession of peoples and empires has vied for control over all or parts of this territory. Before the 21st century, all or part of the region has been ruled or controlled by the Tocharians, Yuezhi, Xiongnu Empire, Xianbei state, Kushan Empire, Rouran Khaganate, Han Empire, Former Liang, Former Qin, Later Liang, Western Liáng, Tang Dynasty, Tibetan Empire, Uyghur Khaganate, Kara-Khitan Khanate, Mongol Empire,

Inner Mongolia since the 12th century? Hummm, last time I checked, the Mongols ruled over china until 1368 (14th century), how could Inner Mongolia was under china rule since 12th century as you said? <snickering>


Speaking of Tibet, this is how commie china took control of Tibet since 1950's = http://en.wikisource.org/wiki/Proclamation_of_Independence_of_Tibet and http://en.wikipedia.org/wiki/History_of_Tibet_(1950%E2%80%93present)#1959.E2.80.931976:_Uprising_and_upheaval and http://en.wikipedia.org/wiki/Battle_of_Chamdo Since 17th century you said? <snickering again>


Korea was under china rule for a while. So Korea should belong to china too?


On the other side, the whole china was under Mongols rule for over 100 years, shall china belong to Mongol again? What about Japan, UK, Manchu? Facts, eh? If you are going to argue with me, know the real facts. Real history facts.

 

[inachu]

Not long until white boys become sex servants to chinese women.

Just saying....

 

[Bitek]

China will assume the mantle of a Super Power and world leader. They will have a lasting impact to shape the future. They could be at odds with our vision of the future.

Their newfound power could become a physical threat of violence against others. They are quite infamous with territorial disputes. Imagine if they started acting like the United States and got involved in overseas adventures!

I'm not so sure they will anytime soon. They are already very uninvolved in international affairs. Where do they stand on Isis? What are they doing about Ukraine?

Their voice is so absent nobody notices. At most they get involved is with Japan and dinner regional disputes.

 

[DrPizza]

China lies about all their economic data. Bad is neutral and positive is overblown. 11% growth is more like 7% growth, shit like that.

16 year old Olympic gymnists are 12.

 

[zephyrprime]

Both measures are useful, but saying that an economy is larger than another based on PPP is far too simplistic.

Also, China has quadruple our population. If everyone in China earned the minimum wage in the US their GDP would be larger than ours.

PPP is the most accurate measure. The export based measure overweights the value of exports. Exports are only a fraction of the economy. Why should the measure of GDP be based entirely on export value? This causes countries like China and the middle eastern oil exporting countries to seem richer than they really are. Also, in China's case, currency is manipulated a lot so export based measures are just flat out wrong.

 

[Cozarkian]

All those things are possible, but generally increased economic prosperity is wonderful news for everyone. China being better off is very likely to make us better off as economics is not a zero sum game.

Are you suggesting that the wealth in China will trickle down?

 

[fskimospy]

PPP is the most accurate measure. The export based measure overweights the value of exports.

No, PPP is not the most accurate measure. In fact, there is no 'most accurate measure'. When someone asks what the largest economy on earth is, the correct answer is simply to ask how they want to look at it, as different measures serve different purposes.

It's like when someone asks what the best measure of unemployment is. It all depends on what you're trying to understand.

Exports are only a fraction of the economy. Why should the measure of GDP be based entirely on export value? This causes countries like China and the middle eastern oil exporting countries to seem richer than they really are. Also, in China's case, currency is manipulated a lot so export based measures are just flat out wrong.

Who said anything about looking at GDP based entirely on export value? There is standard GDP and there is PPP GDP. If you wanted to know how much economic activity was going on inside a country, using PPP makes more sense. If you wanted to look at the influence that economy has on the rest of the world and on world markets, standard GDP might be more informative.

There's a reason that despite the US economy being "smaller" than China's, we wield vastly more economic influence. Why? Because in many of the ways that matter for international transactions our economy is much much bigger.

 

[fskimospy]

Are you suggesting that the wealth in China will trickle down?

No, I'm suggesting that economic growth for trading partners helps both economies.

 

[brycejones]

America is worse in other ways - chinese ban some GMOs, america doesn't.

... long story short, america is being used, the parasites used it's wealth for their private goals, now they're trying to outsource all american knowhow to the east.

cool story bro. How is Putin working out for you?