USA is now number 2

[malaimult]

...
The number of chinese that are richer than the average American is going up by about 10%/year so you will get there if you keep working hard.

What country do you live in & [roughly] how old are you?
Telling people they'll get rich if they just "keep working hard" is clueless, sadistic, or both.

China is changing, people are getting richer, China will be the new USA in terms of being the first world nation but they will act very differently.

The "rich" in china are very much a minority, even less of a minority then what the rich are in the US.

Not only that but the rich in china can almost always trace their wealth back to the government

[picolo]

...
The number of chinese that are richer than the average American is going up by about 10%/year so you will get there if you keep working hard.

What country do you live in & [roughly] how old are you?
Telling people they'll get rich if they just "keep working hard" is clueless, sadistic, or both.

China is changing, people are getting richer, China will be the new USA in terms of being the first world nation but they will act very differently.

The "rich" in china are very much a minority, even less of a minority then what the rich are in the US.

Not only that but the rich in china can almost always trace their wealth back to the government

There are more than 2.5 millions chinese that have 1,000,000$ or more in cash net of loans. It is a growing number, increasing at a pace of 5% a year. It's obviously a minority but hardly something you can neglect.

...
The number of chinese that are richer than the average American is going up by about 10%/year so you will get there if you keep working hard.

What country do you live in & [roughly] how old are you?
Telling people they'll get rich if they just "keep working hard" is clueless, sadistic, or both.

China is changing, people are getting richer, China will be the new USA in terms of being the first world nation but they will act very differently.

LOL, only a few people are getting richer, most of people can't even afford the housing.
China will never be rich or strong as USA because it political.

The average salary and the medium salary are growing between 5 to 10% a year for at least the  last 15 years so most chinese enjoy a higher standard of living which is not the case in the US. The bottom went from starving to having a future.

[youngmike]

China shadow banking will destroy both US and china back to the stone age 

[botany]

The "rich" in china are very much a minority, even less of a minority then what the rich are in the US.

Not only that but the rich in china can almost always trace their wealth back to the government

The gini coefficients of both China and US are pretty high.
http://upload.wikimedia.org/wikipedia/commons/thumb/0/0c/2014_Gini_Index_World_Map%2C_income_inequality_distribution_by_country_per_World_Bank.svg/800px-2014_Gini_Index_World_Map%2C_income_inequality_distribution_by_country_per_World_Bank.svg.png

[malaimult]

...
The number of chinese that are richer than the average American is going up by about 10%/year so you will get there if you keep working hard.

What country do you live in & [roughly] how old are you?
Telling people they'll get rich if they just "keep working hard" is clueless, sadistic, or both.

China is changing, people are getting richer, China will be the new USA in terms of being the first world nation but they will act very differently.

The "rich" in china are very much a minority, even less of a minority then what the rich are in the US.

Not only that but the rich in china can almost always trace their wealth back to the government

There are more than 2.5 millions chinese that have 1,000,000$ or more in cash net of loans. It is a growing number, increasing at a pace of 5% a year. It's obviously a minority but hardly something you can neglect.

That still does not address the fact that much/most of the wealth of the rich can be traced back to the government.

One other thing that I did not mention is that China has very tight capital controls so it is hard to move money out of the country once you have it (although bitcoin could solve this  )

[picolo]

...
The number of chinese that are richer than the average American is going up by about 10%/year so you will get there if you keep working hard.

What country do you live in & [roughly] how old are you?
Telling people they'll get rich if they just "keep working hard" is clueless, sadistic, or both.

China is changing, people are getting richer, China will be the new USA in terms of being the first world nation but they will act very differently.

The "rich" in china are very much a minority, even less of a minority then what the rich are in the US.

Not only that but the rich in china can almost always trace their wealth back to the government

There are more than 2.5 millions chinese that have 1,000,000$ or more in cash net of loans. It is a growing number, increasing at a pace of 5% a year. It's obviously a minority but hardly something you can neglect.

That still does not address the fact that much/most of the wealth of the rich can be traced back to the government.

One other thing that I did not mention is that China has very tight capital controls so it is hard to move money out of the country once you have it (although bitcoin could solve this  )

The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.

[botany]

The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.

Their efforts were initially directed on making sure that the massive population finds productive employment. Once this is taken care of, they may consider lessening restrictions.

[malaimult]

...
The number of chinese that are richer than the average American is going up by about 10%/year so you will get there if you keep working hard.

What country do you live in & [roughly] how old are you?
Telling people they'll get rich if they just "keep working hard" is clueless, sadistic, or both.

China is changing, people are getting richer, China will be the new USA in terms of being the first world nation but they will act very differently.

The "rich" in china are very much a minority, even less of a minority then what the rich are in the US.

Not only that but the rich in china can almost always trace their wealth back to the government

There are more than 2.5 millions chinese that have 1,000,000$ or more in cash net of loans. It is a growing number, increasing at a pace of 5% a year. It's obviously a minority but hardly something you can neglect.

That still does not address the fact that much/most of the wealth of the rich can be traced back to the government.

One other thing that I did not mention is that China has very tight capital controls so it is hard to move money out of the country once you have it (although bitcoin could solve this  )

The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.

No, the chinese government is actually very strict about what information flows within the country. They are very much against freedom of speech.

[picolo]

The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.

Their efforts were initially directed on making sure that the massive population finds productive employment. Once this is taken care of, they may consider lessening restrictions.

They have a plan and it is working. They became the biggest and better producer and now the Yuan will increase in value and the chinese will enjoy even increasing standard of living.

[hashman]

The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.

Their efforts were initially directed on making sure that the massive population finds productive employment. Once this is taken care of, they may consider lessening restrictions.

They have a plan and it is working. They became the biggest and better producer and now the Yuan will increase in value and the chinese will enjoy even increasing standard of living.

lol, guess you haven't spent much time in china recently.  The Yuan is being issued into oblivion quicker than the dollar or the euro.  Inflation is massive.  There is zero chance of getting more rice for your Yuan next year than this year. 

However you might be right about the standard of living, I don't know..  the territory is too large for such generalizatoins more likely. 

[scarsbergholden]

The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.

Their efforts were initially directed on making sure that the massive population finds productive employment. Once this is taken care of, they may consider lessening restrictions.

They have a plan and it is working. They became the biggest and better producer and now the Yuan will increase in value and the chinese will enjoy even increasing standard of living.

There has been buying pressure on the Yuan for decades because they are a net exporter. The chinese government has intervened via keeping the price of the Yuan generally fixed which helps keep the prices of chinese exported goods competitive internationally. 

If the price of the Yuan was able to trade freely then chinese goods would be much more expensive and the chinese economy would not be what it is today

[tropical0101]

China shadow banking will destroy both US and china back to the stone age 

That will be golden age for Europe 

[picolo]

The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.

Their efforts were initially directed on making sure that the massive population finds productive employment. Once this is taken care of, they may consider lessening restrictions.

They have a plan and it is working. They became the biggest and better producer and now the Yuan will increase in value and the chinese will enjoy even increasing standard of living.

There has been buying pressure on the Yuan for decades because they are a net exporter. The chinese government has intervened via keeping the price of the Yuan generally fixed which helps keep the prices of chinese exported goods competitive internationally. 

If the price of the Yuan was able to trade freely then chinese goods would be much more expensive and the chinese economy would not be what it is today

They deliberately kept the Yuan low but now they are ready to let it appreciate against other currencies.

[scarsbergholden]

The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.

Their efforts were initially directed on making sure that the massive population finds productive employment. Once this is taken care of, they may consider lessening restrictions.

They have a plan and it is working. They became the biggest and better producer and now the Yuan will increase in value and the chinese will enjoy even increasing standard of living.

There has been buying pressure on the Yuan for decades because they are a net exporter. The chinese government has intervened via keeping the price of the Yuan generally fixed which helps keep the prices of chinese exported goods competitive internationally. 

If the price of the Yuan was able to trade freely then chinese goods would be much more expensive and the chinese economy would not be what it is today

They deliberately kept the Yuan low but now they are ready to let it appreciate against other currencies.

Why would they want to do that? A weaker currency is beneficial because their exports will be less expensive to their trading partners and imports will be more expensive, giving local industry an advantage domestically

[picolo]

The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.

Their efforts were initially directed on making sure that the massive population finds productive employment. Once this is taken care of, they may consider lessening restrictions.

They have a plan and it is working. They became the biggest and better producer and now the Yuan will increase in value and the chinese will enjoy even increasing standard of living.

There has been buying pressure on the Yuan for decades because they are a net exporter. The chinese government has intervened via keeping the price of the Yuan generally fixed which helps keep the prices of chinese exported goods competitive internationally. 

If the price of the Yuan was able to trade freely then chinese goods would be much more expensive and the chinese economy would not be what it is today

They deliberately kept the Yuan low but now they are ready to let it appreciate against other currencies.

Why would they want to do that? A weaker currency is beneficial because their exports will be less expensive to their trading partners and imports will be more expensive, giving local industry an advantage domestically

You will export more and produce more; it is what they wanted but having a weak currency is not good.

[funtotry]

The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.

Their efforts were initially directed on making sure that the massive population finds productive employment. Once this is taken care of, they may consider lessening restrictions.

They have a plan and it is working. They became the biggest and better producer and now the Yuan will increase in value and the chinese will enjoy even increasing standard of living.

There has been buying pressure on the Yuan for decades because they are a net exporter. The chinese government has intervened via keeping the price of the Yuan generally fixed which helps keep the prices of chinese exported goods competitive internationally. 

If the price of the Yuan was able to trade freely then chinese goods would be much more expensive and the chinese economy would not be what it is today

They deliberately kept the Yuan low but now they are ready to let it appreciate against other currencies.

Why would they want to do that? A weaker currency is beneficial because their exports will be less expensive to their trading partners and imports will be more expensive, giving local industry an advantage domestically

You will export more and produce more; it is what they wanted but having a weak currency is not good.

In what way is a weak currency bad? As long as a country is not importing so many goods that a weak currency causes runaway inflation from higher priced imports, a weak currency is going to be beneficial to the economy

[picolo]

The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.

Their efforts were initially directed on making sure that the massive population finds productive employment. Once this is taken care of, they may consider lessening restrictions.

They have a plan and it is working. They became the biggest and better producer and now the Yuan will increase in value and the chinese will enjoy even increasing standard of living.

There has been buying pressure on the Yuan for decades because they are a net exporter. The chinese government has intervened via keeping the price of the Yuan generally fixed which helps keep the prices of chinese exported goods competitive internationally. 

If the price of the Yuan was able to trade freely then chinese goods would be much more expensive and the chinese economy would not be what it is today

They deliberately kept the Yuan low but now they are ready to let it appreciate against other currencies.

Why would they want to do that? A weaker currency is beneficial because their exports will be less expensive to their trading partners and imports will be more expensive, giving local industry an advantage domestically

You will export more and produce more; it is what they wanted but having a weak currency is not good.

In what way is a weak currency bad? As long as a country is not importing so many goods that a weak currency causes runaway inflation from higher priced imports, a weak currency is going to be beneficial to the economy

A weak currency means you are paying your importations higher and will cause inflation, your standard of living will go down and if you export more products but you are paid in a currency with less value, you don't get more value for the goods you import

[desertfox470]

In the end China almost relies on the US for their money. If the US wouldn't pay China would loose lots of money. If the US decides not to buy stuff from China a lot of money would be lost for China.

[Gyfts]

Only logical. China's economy has endless potential with the factory and manufacturing industry.

[STT]

China is developing and has much ground to make up from the past losses to trade.  USA is more in decline because of its overburden to government, it must consolidate and resolve conflicts in its economy between what works and does not.  I expect that is why China would 'beat' USA in GDP growth.
Some admire the command economy idea and that China may advance because politics has the power to force it but I think most natural growth likely to succeed would be unforced and supported by people without duress