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Author Topic: China Just Overtook The US As The World's Largest Economy  (Read 3938 times)
crazy-pilot (OP)
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October 08, 2014, 12:14:54 PM
 #1

China is now The World's Largest Economy
http://finance.yahoo.com/news/china-just-overtook-us-worlds-090801574.html
United States is declining faster than I thought.

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1713962028
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October 08, 2014, 01:48:03 PM
 #2

It is because China has more than 1 billion people compared to America. Eventhough China has biggest economy it still needs big improvement to near American standards of living.

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October 08, 2014, 02:08:49 PM
 #3

NO WAY

CHINA'S COMMUNIST PARTY WILL GO HELL SOON

REVOLUTION ON THE WAY



!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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October 08, 2014, 02:15:30 PM
Last edit: October 08, 2014, 02:57:49 PM by mmsen
 #4

It is because China has more than 1 billion people compared to America. Eventhough China has biggest economy it still needs big improvement to near American standards of living.

American living standards are dropping as well so it's only a matter of time before America's per capita income levels are overtaken by China.

(Assuming China can follow Japan's lead and begin heavily investing in her citizens...)
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October 08, 2014, 02:29:13 PM
 #5

If you don't account for bubble finance industries in US, China has been the largest economy for a long time.
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October 08, 2014, 03:53:02 PM
 #6

NO WAY

CHINA'S COMMUNIST PARTY WILL GO HELL SOON

REVOLUTION ON THE WAY



!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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October 08, 2014, 05:13:33 PM
 #7

If you don't account for bubble finance industries in US, China has been the largest economy for a long time.

This should be expected given its large population and size.
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October 08, 2014, 05:48:31 PM
 #8

China and Russia will be best economy in the world

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October 08, 2014, 05:58:14 PM
 #9

Congratulations to China!
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October 09, 2014, 06:14:57 AM
Last edit: October 09, 2014, 06:43:16 AM by mmsen
 #10

China and Russia will be best economy in the world

On what grounds do you believe Russia will go on to become one of the  world's biggest economies?
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October 09, 2014, 06:16:50 AM
 #11

China is now The World's Largest Economy
http://finance.yahoo.com/news/china-just-overtook-us-worlds-090801574.html
United States is declining faster than I thought.
This is not a good measure of a country's economy. The size of the economies are adjusted for purchasing power. The best measure - straight GDP - still shows the US being a much larger economy then China
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October 09, 2014, 06:22:47 AM
 #12

China is now The World's Largest Economy
http://finance.yahoo.com/news/china-just-overtook-us-worlds-090801574.html
United States is declining faster than I thought.

YET

US Defence Spending:  $756.4 billion
China Defence Spending:  $115.7 billion

2014 figures.


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October 09, 2014, 06:30:49 AM
 #13

China is now The World's Largest Economy
http://finance.yahoo.com/news/china-just-overtook-us-worlds-090801574.html
United States is declining faster than I thought.

YET

US Defence Spending:  $756.4 billion
China Defence Spending:  $115.7 billion

2014 figures.


Figure alone can be misleading. Need to take effectiveness and efficiency into consideration also.
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October 09, 2014, 06:35:16 AM
 #14

Figure alone can be misleading. Need to take effectiveness and efficiency into consideration also.

Why?  We are comparing economies, not results.

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samaricanin
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October 09, 2014, 08:22:38 AM
 #15

China and Russia will be best economy in the world

On what grounds do you believe Russia will go on to become one of the  world's biggest economies?

Already is one of the largest economies now, sixth world economy and still growing

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)

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October 09, 2014, 08:51:48 AM
 #16

it is because China is able to mimic the various technologies of other countries but with a cheaper price than the original price of the goods, but for the technology in terms of quality is almost perfect to emulate ... although not as perfect as the original, but it is good enough ..

However in terms of defense and security of china is still very dependent on America, especially in the manufacture of war materials advanced, for it has not been able to match the chinese american as armaments manufacturers the world's largest ...  Cool

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October 11, 2014, 12:14:36 AM
 #17

I thought this was going to be happening in like 2030 for sure but that china were basically now the main super power because of growth rate.

side note: bitcoin/crypto currency is the china killer
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October 11, 2014, 12:16:33 AM
 #18

who would ever have thought capitalist communists.

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October 11, 2014, 05:38:00 AM
 #19

China is industrial power

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October 11, 2014, 07:31:17 AM
Last edit: October 11, 2014, 01:26:32 PM by mmsen
 #20

who would ever have thought capitalist communists.


No worse than Western nations that constantly preach 'free trade' yet subsidize' exports, bail out banks and other failing industries with tax revenue and impose strict tariffs on imports.
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