FT economics editor Chris Giles shows how new statistics from the International Comparison Programme put China’s GDP ahead of the US this year on current pro…
FT economics editor Chris Giles shows how new statistics from the International Comparison Programme put China’s GDP ahead of the US this year on current pro…
President Obama did not cause this to happen!
You can ask any news reporter. They will tell you he inherited this!
The Decline and Fall of the United States of America
The symptoms of democratic leftist genocide? Obama knows big trouble’s a
comin’ so he’ll end himself first before it finds him.
yep, meanwhile usa have overtake the terrorism organisations in northwest
china, and in ukraine
Good. Bye Bye Evil USA.
what i dont get? USA livingstandards versus CHINA? USA has hell of alot
more more and even more DEBT both public and private… that is why there
is still party going on… in China they invest and also save more then
35 % of income, in EU and USA that is only 2 % and myself belief that is
even lower. How can you call a country rich if they have huge debts??
Money for Infrastructure, or money for war. Every country have to choose it
with consideration benefit and risk for the future.
Purchasing power parity is only used to calculate standard of living for a
country. It is only meaningful on a per capita basis. When we calculate GDP
for a whole country we should use exchange rate. Right now using exchange
rate, china is only slightly bigger than half of US. 9T vs 16T
China’s economy is set to overtake the US this year.
Credits: Financial Times
China economy set to overtake US
Chinas market is going to collapse much harder than ours will. They’re
going to face a major housing bubble burst here soon. They have cities with
no one living in them.
This guy is a joke wouldn’t take this guy serious
Only if you find the right criteria to compare the US and Chinese
economies……..
For sure, major portion of Chinese ppl are still not in the category of
rich. However, it just takes 30 years to take majority ppl out from serious
poverty to today’s position, which in total is overtaking U.S. It is not
hard to see, in next few decades, after middle classes become major portion
of population in china…..
What does it matter most of China is still poor. If China is a success
being 99th in per capita wealth what is the U.S.being in the top 10?
Its a cool stat to see but in reality China has a looong way to go to make
the whole country as productive as the U.S.
The haircut service can be much cheaper in China than in NY, but in terms
of the average wage people get,this doesn’t make sense. In fact, higher
quality services in China are ridiculously expensive nowadays and you will
know that if you stepp into any fancy shopping mall in China.
“We’re No.1! We’re No.1!” NOT.
Hahaha
yeah maybe its right. beacause of population increase in china.
china did what the USA did and gave out bad housing loan but on a massive
scale so now they are gonna have a shitty recession real soon. when you
have a 1.3 billion people economy.