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cryptocoiner
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October 18, 2014, 12:28:53 PM |
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If China will not make any mistakes, they will surpass the US GDP for sure. It's just a question of time.
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Argwai96
Legendary
 Offline
Activity: 1036
Merit: 1000
Thug for life!
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October 18, 2014, 01:15:35 PM |
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If China will not make any mistakes, they will surpass the US GDP for sure. It's just a question of time.
It is much more complex then to just not make any mistakes. There needs to be sufficient demand for the goods they produce. The demand will not necessarily always be there as the prices they sell their goods for is artificially low as they have kept their currency artificially weak for a very long time. This will eventually result in inflation which will degrade the standard of living of people living in China. |
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cryptocoiner
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October 19, 2014, 12:43:51 AM |
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If China will not make any mistakes, they will surpass the US GDP for sure. It's just a question of time.
It is much more complex then to just not make any mistakes. There needs to be sufficient demand for the goods they produce. The demand will not necessarily always be there as the prices they sell their goods for is artificially low as they have kept their currency artificially weak for a very long time. This will eventually result in inflation which will degrade the standard of living of people living in China. No it will not. China's internal market growing even faster then their GDP. Do you now that they now produce 2.5 times more cars per year then america produce? |
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ruletheworld
Legendary
Offline
Activity: 1386
Merit: 1045
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October 19, 2014, 01:47:07 AM |
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Only with Purchasing power parity (PPP)
But in nominal GDP it still has a way to go.
PPP makes the most sense in comparing economies anyway. Would you disagree? Yes, I disagree. Only real numbers make sense. Purchasing power parity is bullshit. All depends on how you count this "power parity". What does real numbers mean? What's the purpose of measuring GDPs and why would you prefer one over the other? |
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msc_de
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October 19, 2014, 02:23:42 AM |
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cryptocoiner
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October 19, 2014, 02:27:13 AM |
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Only with Purchasing power parity (PPP)
But in nominal GDP it still has a way to go.
PPP makes the most sense in comparing economies anyway. Would you disagree? Yes, I disagree. Only real numbers make sense. Purchasing power parity is bullshit. All depends on how you count this "power parity". What does real numbers mean? What's the purpose of measuring GDPs and why would you prefer one over the other? Take some USD, go to China, exchange for RMB, buy something there, forget about PPP. |
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msc_de
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October 19, 2014, 02:33:28 AM |
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msc_de
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October 19, 2014, 02:36:42 AM |
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Only with Purchasing power parity (PPP)
But in nominal GDP it still has a way to go.
PPP makes the most sense in comparing economies anyway. Would you disagree? Yes, I disagree. Only real numbers make sense. Purchasing power parity is bullshit. All depends on how you count this "power parity". What does real numbers mean? What's the purpose of measuring GDPs and why would you prefer one over the other? Take some USD, go to China, exchange for RMB, buy something there, forget about PPP. if possible PRC chinese prefer to buy products aboard eg USA or west Europe rather than in China since same products are much more expensive than aboard |
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cryptocoiner
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October 19, 2014, 02:36:58 AM |
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Studying, working? Would you go back to China? Or you just want to get out of there and never comeback? |
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msc_de
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October 19, 2014, 02:42:05 AM |
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Studying, working? Would you go back to China? Or you just want to get out of there and never comeback? i threw away my passport into commode, i need freedom |
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cryptocoiner
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October 19, 2014, 02:46:02 AM |
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Studying, working? Would you go back to China? Or you just want to get out of there and never comeback? i threw away my passport into commode, i need freedom So you don't want to go back to China? |
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msc_de
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October 19, 2014, 03:17:01 AM |
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Studying, working? Would you go back to China? Or you just want to get out of there and never comeback? i threw away my passport into commode, i need freedom So you don't want to go back to China? how can man mix fire with water ? |
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cryptocoiner
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October 20, 2014, 12:00:15 AM |
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Studying, working? Would you go back to China? Or you just want to get out of there and never comeback? i threw away my passport into commode, i need freedom So you don't want to go back to China? how can man mix fire with water ? Who are you? Water or fire? |
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galbros
Legendary
Offline
Activity: 1022
Merit: 1000
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October 20, 2014, 12:20:38 AM |
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i threw away my passport into commode, i need freedom
This is a good point, if your best people want to leave and live elsewhere, it is hard to stay a strong economic power. China looks really strong economically right now, so did Japan in 1989. Like Japan, I don't think China will drop dramatically but that does not mean it will automatically overtake the USA. The US does have real advantages such as rule of law and (at least some) individual liberty. The US has taken some steps backward, but should not be counted out just yet. |
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msc_de
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October 20, 2014, 12:41:27 AM |
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Studying, working? Would you go back to China? Or you just want to get out of there and never comeback? i threw away my passport into commode, i need freedom So you don't want to go back to China? how can man mix fire with water ? Who are you? Water or fire? water can quench fire but not bomb |
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msc_de
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October 20, 2014, 12:46:55 AM |
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i threw away my passport into commode, i need freedom
This is a good point, if your best people want to leave and live elsewhere, it is hard to stay a strong economic power. China looks really strong economically right now, so did Japan in 1989. Like Japan, I don't think China will drop dramatically but that does not mean it will automatically overtake the USA. The US does have real advantages such as rule of law and (at least some) individual liberty. The US has taken some steps backward, but should not be counted out just yet. less Neville Chamberlain in US government, much stronger USA |
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Window2Wall
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October 20, 2014, 01:02:34 AM |
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i threw away my passport into commode, i need freedom
This is a good point, if your best people want to leave and live elsewhere, it is hard to stay a strong economic power. China looks really strong economically right now, so did Japan in 1989. Like Japan, I don't think China will drop dramatically but that does not mean it will automatically overtake the USA. The US does have real advantages such as rule of law and (at least some) individual liberty. The US has taken some steps backward, but should not be counted out just yet. Rule of law is very important for an economy to prosper over the long term. From what I have hear, China does not have any serious way to get a civil enforcement/judgment on a contract, therefore it is very easy to scam in China which will, over longer periods of time, hamper trade. |
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cryptocoiner
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October 20, 2014, 01:47:00 AM |
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Studying, working? Would you go back to China? Or you just want to get out of there and never comeback? i threw away my passport into commode, i need freedom So you don't want to go back to China? how can man mix fire with water ? Who are you? Water or fire? water can quench fire but not bomb Who are you exactly? Bomb? Fire? Water? |
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worle1bm
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October 20, 2014, 02:58:27 AM |
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How can you compare the economies? China isn't a robust economy; separating state entities from private enterprises is impossible, so accurate accounting is impossible. Similarly, the debt situation in China is extremely disconcerting. Folks scream and wail about how the U.S. is in bed with banks, but no mention of China literally funding and operating state banks?
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