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U.S. losing its power over China


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and over the last 40 years back to capitalism.

Exactly, back to capitalism, the same system that got the rest of the first world to where it is now.

Yes, but it drove Asia, and in particular the Pacific seaboard, into virtual bancruptcy in the mid 90s. One does not simply drag a third world state into the first world overnight. Sure it will someday drag itself into the first world, but it won't happen overnight, and it won't happen under it's current political system.

Oh, and to Kuzzad...go back and research what Goldman Sachs said about the "Pacific Tigers" in 1990. Then investigate what DID happen to the Pacific Tigers.

scottsa:

as i stated previously:

"It seems to be a widely accepted fact, this is certainly not the first time i have come across this type of projection.

Some have even stated a little sooner then 2050."

http://news.bbc.co.uk/2/hi/business/4998020.stm

China is set to become the world's biggest economy by 2026 according to a poll conducted on behalf of the BBC.

And India is poised to take over fourth place behind the US and Japan. Only 1% of respondents felt the UK would be the world's leading economy in 20 years.

India's infrastructure problems and scarcity of resources were seen as putting it at a disadvantage to China.

The findings contradict a Goldman Sachs projection of the world's economies which had the US in top place in 2026.

Large populations

A total of 41% of respondents in the BBC World Poll, powered by GMI, had China in top spot by 2026, 35% plumped for the US, 10% chose Japan, and 6% favoured India.

The findings contradict a Goldman Sachs projection of the world's economies which had the US in top place in 2026.

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and over the last 40 years back to capitalism.

Exactly, back to capitalism, the same system that got the rest of the first world to where it is now.

Yes, but it drove Asia, and in particular the Pacific seaboard, into virtual bancruptcy in the mid 90s. One does not simply drag a third world state into the first world overnight. Sure it will someday drag itself into the first world, but it won't happen overnight, and it won't happen under it's current political system.

Oh, and to Kuzzad...go back and research what Goldman Sachs said about the "Pacific Tigers" in 1990. Then investigate what DID happen to the Pacific Tigers.

scottsa:

as i stated previously:

"It seems to be a widely accepted fact, this is certainly not the first time i have come across this type of projection.

Some have even stated a little sooner then 2050."

http://news.bbc.co.uk/2/hi/business/4998020.stm

China is set to become the world's biggest economy by 2026 according to a poll conducted on behalf of the BBC.

And India is poised to take over fourth place behind the US and Japan. Only 1% of respondents felt the UK would be the world's leading economy in 20 years.

India's infrastructure problems and scarcity of resources were seen as putting it at a disadvantage to China.

The findings contradict a Goldman Sachs projection of the world's economies which had the US in top place in 2026.

Large populations

A total of 41% of respondents in the BBC World Poll, powered by GMI, had China in top spot by 2026, 35% plumped for the US, 10% chose Japan, and 6% favoured India.

The findings contradict a Goldman Sachs projection of the world's economies which had the US in top place in 2026.

Any chance of explaining why you think an opinion poll of the public has some kind of predictive power over economic futures?

Look, economists are fond of using the "goose" analogy in Asia. According to this view, the lead goose is supposed to be Japan, leading the rest of Asia into prosperity. I don't dispute that one bit, because it's premised in a vaccuum. But what if there are headwinds? What if one of the geese bites another one? What if there are goose hunters watching the flock? All of those things exist in spades in Asia right now, including the very possible prospect of China exploding from the edges inward...specifically along its northwestern boundaries

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I'll keep you informed scottsa, on the everychanging world outside of some sort of imaginary globe you appear to live on

http://www.expatica.com/actual/article.asp...&story_id=41972

China overtakes Germany as world's third-largest economy

eijing (dpa) - China has already overtaken Germany to become the world's third-largest economy and is likely to post more robust growth of about 11 per cent during the first half of 2007, a top regional economist said on Tuesday.

China's estimated gross domestic product (GDP) passed that of Germany "probably a few months ago," leaving it behind only Japan and the United States, according to Stephen Green, senior economist at Standard Chartered bank in Shanghai.

Green said that China appeared to be still underestimating its GDP by up to 20 per cent, meaning that surpassing Germany "probably happened a long time ago, in reality. We think official GDP in China is still underestimated by 10 to 20 per cent."

A survey released this month by researchers from the China Reform Foundation estimated the total "grey" income of urban residents at 75 per cent higher than the official figure, accounting for about 24 per cent of the nation's annual GDP, the Hong Kong-based Asia Times said.

The government is expected to announce first-half GDP growth of about 11 per cent this week, after last week reporting an 84-per-cent increase year-on-year in its trade surplus to 112.5 billion dollars for January to June.

etc., etc.,

Goldman Sachs will be incorrect, it won't be 2050, it will be before that, China will be the largest economy in the world, infact, I'll wager it is closer then you realize.

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