Chinese GDP to surpass USA in 2019 - THE ECONOMIST

[Globenim]

We were all told by the Chinese here that it would have happened in 2012,13,14,15,16,17,18,...

No are mixing this up with your monthly Indian "Chinese bubble bursting" outcries.

 

[East Asia United]

Its not a big deal the total GDP surpass US, even so, the GDP per capita is just around 12000$, comparable with Turkey in 2012. Turkey is famous for its growth, if China reaches Turkey's level today, still a long way to go.

Turkey started growing at a much higher base than China. China started growing in 1978, when it was the 2nd poorest country on the planet (only Mozambique was poorer). That's right, even sub-Saharan African countries were richer.

Today China is ranked 93rd by the IMF, out of a total of 187 countries. Not bad, going from 2nd last to 92nd in three decades. I am sure progress will continue to be stunning over the next 20 years. In fact, the IMF predicts that China will move from 93rd in 2012 to 74th 2018. That's 19 places up in just 6 years. If China does another increase by 19 places from 2018 to 2024, she will be ranked 55th in 2024. That is the lower end of developed countries (countries like Argentina, Chile, Malaysia, and Russia).

So China should reach the lower end of the developed countries in about a decade.

List of countries by GDP (PPP) per capita - Wikipedia, the free encyclopedia

List of countries by past and future GDP (PPP) - Wikipedia, the free encyclopedia

 

[East Asia United]

Hmm if American businesses move out and Chinese lose their jobs. Of course its GDP will drop. Depends on how much goods you can produce that people demand. Right???

Chinese exports amount to $400 billion per year to the US.

That is 10% of total Chinese trade (which reached almost $4 trillion in 2012), and less than 5% of Chinese GDP.

So really, go ahead, you have much more to lose than the Chinese do. You lose the largest potential consumer market in the history of the planet, and China loses 10% of it's trade.

Americans can sit idly by, watching everyone else share the large exponential profits of buying into the Chinese market.

I doubt the Chinese will care.

This is nothing but Chinese wet dream!!!

The wet dream is that India will even surpass Germany by 2030, let alone Japan.

India has fallen below 5% real GDP growth. Surprisingly, Pakistan could overtake Indian growth in 2014.

http://articles.economictimes.indiatimes.com/2013-05-31/news/39655833_1_farm-sector-output-third-largest-economy-growth-rate

http://www.bbc.co.uk/news/business-22726279

 

[Psyops]

I'm aware that U.S. gave China most favored nation status. I'm also aware that American businesses goes to China for markets and making cheap goods. Take that away and millions of Chinese will lose their jobs. Also lose their only source of income. Think about closing the trade and you know what I imagine. Its disturbing in your mind.

What was really disturbing is that Chinese workers are demanding higher wages or otherwise more strikes and even suicides which are happening.

Vast majority of our manufacturing industry is from Taiwan, Hong Kong and Japan. Total FDI by Taiwan in mainland is bigger than US FDI in China. Learn some economics kid, before lecturing us.

This is nothing but Chinese wet dream!!!

Says a low class Indian that can only be world class in defecation and rape.
Indians don't have the right to talk about superior country like China. You can only comment on someone your own level like Africans.