Rechoice, I fail to understand why you Vietnamese don't understand your place. You are an insignificant country with stone-age technology and a ridiculously tiny $94 billion economy.
Why do you guys keep bothering Chinese in our sub-forum? China is a massive $7 TRILLION economy with advanced Type 052C AESA destroyers, KJ-2000 AWACS, and an advanced prototype J-20 Mighty Dragon all-aspect stealth fighter.
To us, you Vietnamese are merely a bug. Why do you keep squeaking?
Happy Holidays And Don't Forget China's $7 Trillion Gdp
Happy holidays to everyone (and the silent readers) on Pakistan Defence.
We are only a few hours past 2011. Please remember China's new GDP is $7 trillion for 2011. Ho ho ho!
Reference: List of countries by past and future GDP (nominal) - Wikipedia, the free encyclopedia
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Proof of China's $7 trillion GDP in 2011
In 2010, China's revised GDP was 40.12 trillion yuans. (See China's GDP growth in 2010 revised up to 10.4 pct year-on-year)
On October 15th, a Chinese government economist said the economy will grow by 9.4% for the entirety of 2011. (See China's economic growth to ease to 9.4 pct in 2011: economist)
Math:
40.12 trillion yuans * 1.094 = 43.89128 trillion yuans (e.g. China's economic size for 2011)
The current exchange rate is 6.33698 yuans per U.S. dollar. (See CNY, Chinese Yuan Exchange Rates Table - x-rates)
43.89128 trillion yuans / 6.33698 yuans per U.S. dollar = $6.926 trillion U.S. dollars
Wait, I'm not done yet! In recent years, the Chinese government has always revised its economic growth upwards when the full economic data are gathered.
To illustrate, the original estimate for China's 2010 GDP was 39.5 trillion yuans (see http://www.marketwatch.com/story/chinas-20...-101-2011-01-17). The final official figure for 2010 was 40.12 trillion yuans. The difference between the initial and final growth rates was 620 billion yuans.
If we reasonably assume that China's 2011 GDP will eventually be revised upwards by another 620 billion yuans then China's final official 2011 GDP will be:
43.89128 trillion yuans + 620 billion yuans (e.g. likely 2011 upward revision) = 44.51128 trillion yuans
44.51128 trillion yuans / 6.33698 yuans per U.S. dollar = $6.988 trillion U.S. dollars (which exactly matches the IMF estimate in my earlier reference to Wikipedia)
Add in Macau's GDP and China has a $7 trillion GDP for 2011!
I have independently calculated China's 2011 GDP to be $6.988 trillion U.S. dollars, which is a perfect match for the IMF estimate of China's 2011 economic size.
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Vietnam's ridiculously tiny $94 billion economy
"The value for GDP (current LCU [or local currency units/Vietnamese dongs]) in Vietnam was 1,980,910,000,000,000 as of 2010." (See Vietnam - gdp)
The dong has depreciated to 21,000 per U.S. dollar (see citation below).
Math:
1,980,910,000,000,000 Vietnamese dongs / 17,000 dongs per U.S. dollar = $94.3 billion dollars
Here we go again: Vietnam
"Here we go again: Vietnam’s spiral of credit and devaluation
March 10th, 2011
Author: David Dapice, Harvard University
Vietnam recently devalued its currency to about 21,000 dong to the US dollar. At the end of 2008, the rate was 17,000 — a decline of 24 per cent in about two years. In fact, it is worse since the ‘free market’ rate is over 22,000, and many people wanting dollars need to pay that rate. That rate would make it nearly 30 per cent depreciation. Since interest rates on dong bank deposits are only about 15 per cent, it seems safer to keep dollars under the mattress than dong in the bank."
idiot comparision.
Vietnam overcame 3 wars: 1945 - 1990
- France
- USA
- China (also with Khmer Rouge backed by China)
Every things are destroyed by France, USA and China, we have to rebuild, it costed for us every resource.