WTF!!???The china will be the first economy in 15 - 20 years?

Question

I can't get over the fact that USA wil be the" poorer" than China!
What did you say to that?


i read this information in an article.
i forgot the name of newspaper.
sorry

Answer 1

Get over it bellend.

Answer 2

I live here as an ex pat from the USA and I can say that China will indeed surpass the USA in the time frame you have stated.

Reason is simple
China has a labor pool of over 800 million, that is almost 3 times the population of the USA.

Because of that and problems with unemployment and under employment, labor costs and the cost of living will remain low for decades in China.

Warren Buffet, about 5 years ago said China will surpass the USA by 2050. A year ago or so he changed that to 2025. Personally, seeing how fast China is growing, I'd say it will be 2020.

With that shift, I also see the banking industry going to China.

That is what globalization is all about.

Another note:
China did this through a series of transparent 5 year plans, went from an economic has-been 20 years ago to world class. While the USA muddles along in a 1990 mindset without any planning whatsoever. The only plans I know of are Cheney's energy plan and that was held in secret.

Our biggest enemy is lack of planning
Our biggest ally is China, that is, if we start looking at her as an example of how to plan. But we won't
Therefore, our other enemy is our arrogance and go it alone attitude. In short, we are our own worst enemy.

Peace

Jim

.

Answer 3

You should look up US debt and see all of the countries we owe money to thanks to Bush and his cluster war. Lots of countries own a piece of us. We can only hope they don't call in their payments at the same time. China will be a huge economy due to its population and export economic growth. But they are making the mistake of centralizing their wealth in just a couple of big cities. We already are way down the list as to the quality of our healthcare, education, drop out rates, etc. You can go to the CIA website and read about the ratings of other countries, it's no secret.

Answer 4

This surprises you?

We've been outsourcing our factories to China for years. Practically everything you buy at the big box stores is made in China. Most of our clothing comes from China. And now, much of our food, pet food and supplies, cosmetics, hygiene products, etc come from China.

Every time you buy something, you are sending money to China.

America doesn't manufacture much anymore. We have been running serious trade deficits for decades. We have been outsourcing most of our products and services for decades. The end answer to this is that another country is getting our money.

Answer 5

Good thing Clinton made them Favored Trade status after a few million $ in campaign contributions.
How's that Ipod sounding right about now?

Answer 6

if America would just stop "fool" around and focus on the homeland we could probaly still be top for another 100 years. we should try to help our selfs first and end poverty on our homeland before helping others

Answer 7

Clinton was the best president China ever had.

Answer 8

And just what time is the cow scheduled to jump over the moon?

Answer 9

The result of Americas lust for cheap, disposable goods.
Wal-Mart is Americas foremost purveyor of cheap Chinese goods.

Answer 10

So, you expect a "prediction" from these guys, when no one can even predict the weather for next week.

Lighten up Francis.

Answer 11

Common sense......if country "A" imports more goods from country "B" than it exports to them....obviously country "B" gains wealth while country "A" loses it.