China will become Super Power ?

[trader001]

As a Chinese, I do see my country is becoming more and more powerful. But it's still far behind the US. That's why I still want to do a postdoc in the US.

Academy certification is over supply these days. How much do you think a postdoc get paid compare to an average sales job in US?

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[Oldminer]

hi .. .

China will become super power in few years !! sure

First reason is that they are creating everything expect only one thing .. .and the thing is Medical products .. not medical instruments ...

but they are working on them too they will manufacture them too .. !!

and GuyZZZ ? you know ? why china is not raising there currency price ? ? ?  Think .. !! will reveal.

The US currently owns 60% of the worlds wealth. How much do you think China holds of whats left?

[Honeypot]

With the chinese economy slowly down substantially and US economy gradually picking up, it's inevitable that china will lag behind US.

Unless anyone wants to bring up that weak argument about PPP because it's so full of holes and corruption - there's a good reason why PPP is not considered a good measure of economic power especially since globalization.

[CryptoCarmen]

With the chinese economy slowly down substantially and US economy gradually picking up, it's inevitable that china will lag behind US.

Unless anyone wants to bring up that weak argument about PPP because it's so full of holes and corruption - there's a good reason why PPP is not considered a good measure of economic power especially since globalization.

Is this true? You have any numbers? You want to say China BDP increase was less then USA one in 2013?

[shanecoins]

With the chinese economy slowly down substantially and US economy gradually picking up, it's inevitable that china will lag behind US.

Unless anyone wants to bring up that weak argument about PPP because it's so full of holes and corruption - there's a good reason why PPP is not considered a good measure of economic power especially since globalization.

Wow you truly understand nothing about global economics. China will surpass the U.S. in GDP within the next 20 years, its already a given.

And you actually believe the US economy is picking up? Who are you, Ben Bernanke?

I don't know what delusional land you are living in where America is always #1 in every way, but the entire reason that cryptocurrency exists is because the American economy and financial system have been hijacked by a bunch of spoiled criminals and does not serve the average citizen anymore.

very well put  your bang on mate

[santaClause]

With the chinese economy slowly down substantially and US economy gradually picking up, it's inevitable that china will lag behind US.

Unless anyone wants to bring up that weak argument about PPP because it's so full of holes and corruption - there's a good reason why PPP is not considered a good measure of economic power especially since globalization.

Wow you truly understand nothing about global economics. China will surpass the U.S. in GDP within the next 20 years, its already a given.

And you actually believe the US economy is picking up? Who are you, Ben Bernanke?

I don't know what delusional land you are living in where America is always #1 in every way, but the entire reason that cryptocurrency exists is because the American economy and financial system have been hijacked by a bunch of spoiled criminals and does not serve the average citizen anymore.

It cannot be said for sure that the Chinese economy will continue to grow at it's current rate. Investing in the Chinese economy is far from without risks. There is a lot of regulation in the Chinese economy (more so then in the US for non-chinese companies). The Chinese government is also spending a lot on infrastructure that is not being used (for example skyscrapers that are sitting vacant) and this is not sustainable.

[nextblast]

Being a Chinese, there's a strange feeling when reading this post.
I would say China has its problems. For instance air pollution is the cost for developing too fast and neglected the enviroment we should care about.
Yet, in the same time US and many developed countries are building factories and plants in China that's not allowed to build in their country, and pours out a lot of waste, aggrevating the land, water and air. But it helped in boosting the economy.

It is the cost we must pay.

Nothing will stop China growing big and strong, because its evolving and adapting everyday.
Now Xi is a great leader, trying very hard to eliminate corruption in China.

[nextblast]

China has blow up lately because people are working 24/7 and getting paid nothing, and actually take pride on it. But this is comming to an end, young people don't want to be working drones, and with democracy and vacations comes less raw production power, and righfully so.

This is competitive strength.

The same salary that provides for 1 engineer in the US working 5x8, will be enough to provide for 7 engineers, working 7x12 in China. 1 vs 7 which one do you think will gain a better result?

[nextblast]

As a Chinese, I do see my country is becoming more and more powerful. But it's still far behind the US. That's why I still want to do a postdoc in the US.

wangxinxi, where are you based in China? Which univ. are you from.
I once know a guy with the same name pronounciation.

[pattu1]

China has blow up lately because people are working 24/7 and getting paid nothing, and actually take pride on it. But this is comming to an end, young people don't want to be working drones, and with democracy and vacations comes less raw production power, and righfully so.

This is competitive strength.

The same salary that provides for 1 engineer in the US working 5x8, will be enough to provide for 7 engineers, working 7x12 in China. 1 vs 7 which one do you think will gain a better result?

Wages tend to equalize over a period of time. More engineering jobs would shift to China, resulting in higher demand for engineers and this would result in an increase in wages.

[touhonoob]

Corrupt Chinese politicians are moving a lot of money from China to western countries.
It's not a good phenomenon for becoming Super Power.

[hugger]

They are the super power right now. We might not feel it but yes, they are.

[Unbelive]

Corrupt Chinese politicians are moving a lot of money from China to western countries.
It's not a good phenomenon for becoming Super Power.

Why not. Lots of Chinese money gos into Africa. Africa have lots of minerals that China dont have. Now with USA getting enough oil they need and will slowly release their clutches of Middle East, China will move there also. No matter how good relations they have with Russia, China will want their own Oil sources for their keep on expanding industry.

Biggest challenge China will have in near future is Ecology. I am not afraid they will not be able to successfully win the fight with this problem, but the fight will be long and hard.

[Gargulan]

China has blow up lately because people are working 24/7 and getting paid nothing, and actually take pride on it. But this is comming to an end, young people don't want to be working drones, and with democracy and vacations comes less raw production power, and righfully so.

This is competitive strength.

The same salary that provides for 1 engineer in the US working 5x8, will be enough to provide for 7 engineers, working 7x12 in China. 1 vs 7 which one do you think will gain a better result?

Wages tend to equalize over a period of time. More engineering jobs would shift to China, resulting in higher demand for engineers and this would result in an increase in wages.

This is only true if the country/culture value hard word and reward risk takers. Both conditions are no longer true in the US and the majority of the population.

[Unbelive]

China has blow up lately because people are working 24/7 and getting paid nothing, and actually take pride on it. But this is comming to an end, young people don't want to be working drones, and with democracy and vacations comes less raw production power, and righfully so.

This is somewhat of a myth. It has been rumored that foxcom (one of apple's suppliers in China) is able to get it's workers to wake up in the middle of the night to start work on a product that needs immediate attention, however I am pretty sure this has been debunked.

The standard of living in China has been rising steadily over the past several years and will likely continue to rise for the immediate future.

yes it is a myth. I checked some statistic how long are working weeks and on top was Central European countries ( Hungary, Slovakia, Estonia) and South American (Chile).  None Asian countries was there. I was so surprised. It seems this myth was made at end of last century with Japan and then moved to China.

[hanisnl]

china already is a super power ... I know a good joke about that ) ...

John and Liu walk on the streets of London ...
Liu : when I see those flags I feel right at home ! .
John : WHy man ? those are UK flags, not Chinese flags
Liu: yeeeaah ... but you should look at the label ... they say : made in China !

[pattu1]

Corrupt Chinese politicians are moving a lot of money from China to western countries.
It's not a good phenomenon for becoming Super Power.

Corruption is omnipresent.
You would be kidding yourself if you think corruption is restricted to the developing world. 

[Honeypot]

LOL a lot of ignorance and bandwagoning bull shit passing itself off as facts there. A lot of 'LOLOL US BAD JUST WANT TO BITCH AND MOAN'

Let's compare the respective size of economies of US and china. Now consider the fact that it used to be china's growth of over 10 to 9% of GDP per year was the norm, yet now even after the recession has passed it is barely struggling to meet 7.5% target this year. This emphatically states that the economy is slowing down. Still yet, Chinese gpd lingers around 50-60% of nominal US GDP.

It is a known fact that much of this gdp figure counts activities and transactions of questionable economic values that are usually discounted when especially discussing PPP in the west and other parts of the world. Everyone knows about exorbitant government lending and borrowing, empty housing and ghost towns and buildings, and corruption ridden local officials with no accountability what so ever that pad their pockets with government money. That's a topic that needs a thread all by itself, and many say that the housing bubble and shaky loan investments in chinese government and local levels have actually grown bigger then US subprime mortgage crisis.

In the mean time, US has managed to dodge a bullet that could have led its economy into a severe depression, and the world along with it. It was actually late in terms of financial cycle because the system was due for another depression, and relatively speaking it was handled better then what it could have been.

Now the US economy GDP growth supposedly lingers between upper 2% and 3%, while chinese economy about 55 to 60% its size lingers below 7.5%.

However, the core difference here is the difference between an economy that is just getting back on its feet, vs. and economy that is steadily slowing down. One with a lot of places to go up vs. one that is desperately trying to buttress its growth even as it sags lower and lower. The one with a lot of places to go up also happens to be almost twice as big as the other, and that's not even counting in the political, diplomatic, economic, geolocation, and military factors.

Of course, add the fact that foreign manufacture and investments are leaving china steadily for better grounds obviously means the world is ready to move on from using china like a cheap whore that she is.

Certainly US is in a period of transition. However the capitalist system was due for one, and china is just now finding out the limits of its own power in uncharted waters.

The recent news about PPP was brushed off for a justified reason - PPP is a local and substandard measure of economic power because we are living in a global age where such measures are meaningless due to interconnectivity of each economies. What it does measure however, is to degree which a nation such as china is basically playing the economic manipulation game of trying to stem the tide of justified inflation while essentially scamming international law in order to artificially buttress is economy.

Most projections of economies and nominal GDP places china to lag behind US at least until 2030, and even those predictions so far have been ones that were pushed back from 2007, 2010, 2015, 2020 and so on. That is assuming china even maintains the present level of growth, which has proven to be not the case.

Now we will see the true nature of strength, not one that a chinese wishes to think.


You got legitimate questions, or just a bitch fest where you want to talk shit about Americans?

[unpure]

Corrupt Chinese politicians are moving a lot of money from China to western countries.
It's not a good phenomenon for becoming Super Power.

Corruption is omnipresent.
You would be kidding yourself if you think corruption is restricted to the developing world. 

Corruption in developing worlds is nothing compare to corruption in 3rd world.

The reasons many 3rd world will remain banana republic even if western world fall back.

[Honeypot]

Corrupt Chinese politicians are moving a lot of money from China to western countries.
It's not a good phenomenon for becoming Super Power.

Corruption is omnipresent.
You would be kidding yourself if you think corruption is restricted to the developing world.  

Corruption in developing worlds is nothing compare to corruption in 3rd world.

The reasons many 3rd world will remain banana republic even if western world fall back.

Although corruption does take many different forms, this is actually true.

There is a fundamental difference between places where corruption is an everyday fact vs. places where at the very least the norm of social interaction places corruption as an exception rather than a general rule.

It is a fact that too many of these contrarians and 1-st world 'revolutionaries' preaching and bitching from their warm, comfortable living rooms forget, and certainly have no experience in.