U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > World Forums > Asia
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 08-08-2014, 12:26 PM
 
3,123 posts, read 2,704,582 times
Reputation: 1713

Advertisements

Quote:
Originally Posted by sadgirl80 View Post
China only needs to have a GDP per capita of 25% to have a total GDP equal to USA. That's the scale we are talking about.

China only needs to achieve just middle class income for 30% of its people, just 30% and the total absolute number of middle class consumers with the power to purchase goods, will be more than the entire US population (that includes our working class, hobos, our blue collar, and unemployed Mexicans).

The Economist predicts that this will take place in less than 5 years, since China already has a large middle class that's still growing and a super rich class (millionaire and billionaires) that's highest in the world after the USA.

You are American, you should be used to grandeur, scale. Think everything about China in scale. And proportions.

Nobody, (but maybe just you) is confused.

The economists I know are very clear about what we are talking about. You seem to understand the difference in GDP (economy size) and GDP per capita but you seem to misunderstand their roles in reality and the requisite scenarios for what you do not want taking place.
First off I am not an American, and you seem to be confused about what I am saying. I never said China will not reach US levels of GDP. I said they will not reach US levels of GDP per capita any time soon.
Reply With Quote Quick reply to this message

 
Old 08-08-2014, 12:28 PM
 
3,123 posts, read 2,704,582 times
Reputation: 1713
Quote:
Originally Posted by botticelli View Post
China is not Japan in the 1980s. Rest assured. Only a fool today would want China to "collapse" due to some ideological BS reasons.
Totally agree, in 1985 Japan had a GDP per capita of 25K. China gdp per capita is 10K, which was similar to Japan in the early 60s. According to that, China still has 25 years left of growth before they may face stagnation.

I always ask people those people. What makes China so special that it is unable to grow like other asian countries did in the past?
Reply With Quote Quick reply to this message
 
Old 08-08-2014, 12:58 PM
 
10,847 posts, read 11,270,768 times
Reputation: 7586
Quote:
Originally Posted by Camlon View Post
Totally agree, in 1985 Japan had a GDP per capita of 25K. China gdp per capita is 10K, which was similar to Japan in the early 60s. According to that, China still has 25 years left of growth before they may face stagnation.

I always ask people those people. What makes China so special that it is unable to grow like other asian countries did in the past?
it is not based on economic theory or anything, but rather on "do you wish that China will collapse".
And such wishful thinking is a result of years of brainwashing about human rights, freedom, censorship, dictatorship blah blah.

with 4 times the population, China surpassing the US as the largest economy is a sure thing. Many people just don't want it to happen and expect a US dominated world to last forever (particularly countries who served as US lackeys over the years).
Reply With Quote Quick reply to this message
 
Old 08-08-2014, 05:33 PM
 
6,726 posts, read 6,611,101 times
Reputation: 2386
Sometimes "per capita" means nothing.

You need one kitchen if you live alone, but the same one kitchen will serve 3 people well.

"Per capita" cannot be used to improve infrastructures.
Reply With Quote Quick reply to this message
 
Old 08-08-2014, 11:28 PM
 
Location: In the heights
22,158 posts, read 23,683,428 times
Reputation: 11625
Quote:
Originally Posted by botticelli View Post
it is not based on economic theory or anything, but rather on "do you wish that China will collapse".
And such wishful thinking is a result of years of brainwashing about human rights, freedom, censorship, dictatorship blah blah.

with 4 times the population, China surpassing the US as the largest economy is a sure thing. Many people just don't want it to happen and expect a US dominated world to last forever (particularly countries who served as US lackeys over the years).
I wouldn't say those parts are really brainwashing per se. There are some quality of life issues for the Chinese, but not nearly as prevalent as the stories make them out to be. It's just that even a small percentage of Chinese heavily affected by those comes out to a pretty large total number of people suffering--and not that the suffering of people necessarily equates to imminent economic collapse.
Reply With Quote Quick reply to this message
 
Old 08-10-2014, 07:32 AM
 
7 posts, read 5,455 times
Reputation: 10
Imagine how would it be like if most developed countries still have no or little interaction with China and Russia. How much profits China and Russia made by exporting to other countries

Quote:
Originally Posted by botticelli View Post
it is not based on economic theory or anything, but rather on "do you wish that China will collapse".
And such wishful thinking is a result of years of brainwashing about human rights, freedom, censorship, dictatorship blah blah.

with 4 times the population, China surpassing the US as the largest economy is a sure thing. Many people just don't want it to happen and expect a US dominated world to last forever (particularly countries who served as US lackeys over the years).
Reply With Quote Quick reply to this message
 
Old 09-05-2015, 12:59 PM
 
9,879 posts, read 10,128,649 times
Reputation: 5292
Quote:
Originally Posted by botticelli View Post
With 4 times the population, China surpassing the US as the largest economy is a sure thing. Many people just don't want it to happen and expect a US dominated world to last forever (particularly countries who served as US lackeys over the years).
When the World Economic Outlook (WEO) Database, of the IMF update was published in April 2015 it had finally happened, China was bigger than the USA for 2015. This prediction had not been made in the WEO database of 6 months earlier.

Gross domestic product based on purchasing-power-parity (PPP) share of world total (April 2015)
2013 ------- 2014 ------2015
15.707% 16.324% 16.860% China
16.285% 16.140% 16.103% USA

Gross domestic product based on purchasing-power-parity (PPP) share of world total (Oct 2014)
2013 ------- 2014 ------2015
16.450% 16.277% 16.167% China
15.843% 16.479% 17.002% USA

But what momentous event had occurred between October and April? Turns out it was nothing. It's just that they reviewed the numbers for standard of living and decided the dollar was not worth as much as was reported. So they dropped the USA in the PPP calculation.
Reply With Quote Quick reply to this message
 
Old 09-06-2015, 09:38 PM
 
919 posts, read 603,473 times
Reputation: 369
Quote:
Originally Posted by PacoMartin View Post
But what momentous event had occurred between October and April? Turns out it was nothing. It's just that they reviewed the numbers for standard of living and decided the dollar was not worth as much as was reported. So they dropped the USA in the PPP calculation.
Thanks for your excellent summary!
Reply With Quote Quick reply to this message
 
Old 09-08-2015, 01:41 PM
 
595 posts, read 449,988 times
Reputation: 345
China is trying to stabilize its economy while trying to maintain efforts to create open capital markets. While some market interventions are beneficial to market stability, some of China's actions recently will negatively impact investment inflows.
Reply With Quote Quick reply to this message
 
Old 09-11-2015, 09:23 AM
 
10,847 posts, read 11,270,768 times
Reputation: 7586
Quote:
Originally Posted by PacoMartin View Post
When the World Economic Outlook (WEO) Database, of the IMF update was published in April 2015 it had finally happened, China was bigger than the USA for 2015. This prediction had not been made in the WEO database of 6 months earlier.

Gross domestic product based on purchasing-power-parity (PPP) share of world total (April 2015)
2013 ------- 2014 ------2015
15.707% 16.324% 16.860% China
16.285% 16.140% 16.103% USA

Gross domestic product based on purchasing-power-parity (PPP) share of world total (Oct 2014)
2013 ------- 2014 ------2015
16.450% 16.277% 16.167% China
15.843% 16.479% 17.002% USA

But what momentous event had occurred between October and April? Turns out it was nothing. It's just that they reviewed the numbers for standard of living and decided the dollar was not worth as much as was reported. So they dropped the USA in the PPP calculation.
yeah, I know China has already surpassed the US by PPP (probably by a lot more than what is shown here, as the Chinese service sector is significantly underestimated). I was talking about nominal dollar GDP.

On the other hand, there is no reason to be too obsessed with GDP. It is far from a good, not to mention a perfect measurement of economic size. Plus China is hugely divided. Probably 25% of its population (equivalent to US population) live very well - at par with American living standards I would say, while the inland and rural areas are still much poorer. Someone from Shanghai or nearby areas won't be so impressed with the living standards in Boston, Los Angeles or Atlanta.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > World Forums > Asia
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top