China's Economy (compared, aggressive, country, people)

[pennyone]

Originally Posted by botticelli

you need to distinguish nominal $ or PPP. They can be quite different.

In PPP, China is already larger than the US;
In USD, China is only 60% of the US.

Unless something goes terribly wrong, China will surpass the US in nominal GDP almost certainly within the next 10-15 years. It is simple math.

Yes, and China has roughly 5 times the US population. So even if the Chinese per capita GDP is only 20% as rich as the average American, the total gdp would be at parity.

[botticelli]

Originally Posted by pennyone

Yes, and China has roughly 5 times the US population. So even if the Chinese per capita GDP is only 20% as rich as the average American, the total gdp would be at parity.

It is about 4.2 times.

Yes, China is a much poorer country.

[Who Dat]

I've written up numerous posts in the Asia section today but haven't hit the submit button until now.

You guys are doing a fine job conveying some of my kinder thoughts, thanks.

[pennyone]

Actually, I don't think the Chinese economy is in as bad a shape as some western media folks like to portray. It's making a slow and steady transition to a consumer based and third sector (tertiary and service industries) growth model. It will be a tough adjustment because everyone is so used to a China with huge investment driven and export led growth....which is totally and utterly UNSUSTAINABLE. The Chinese have grown as much as they can out of that model, and the only way out for China is to tackle a growth based on its huge and growing middle class and rich folks. This is a normal pattern of development for any country, but given China's enormous size, it will be earth shattering as the Chinese consumers become the drivers of global growth for the next half century. This will actually be very competitive and potentially good for all companies doing business in China. They will face a growing group of Chinese companies who will compete with them, both in China and in the world. This is good for everybody, especially if you believe in free market and global competition.

[pennyone]

Here is a good article in the Guardian about the real state of the Chinese economy....

It

[Who Dat]

This must be some new form of marketing that I missed.

[415_s2k]

Originally Posted by Who Dat

You're never going to win this argument, I think he and Tang are paid forum trolls and bad ones at that.

No worries though, most everyone else appreciates your information and delivery.

I wouldn't be surprised if they were an actual, real-life wumao... especially hopped-up on anti-Japanese nationalism after the Victory Day parade, footage of which has been on loop in the metro and other public spaces in the days since. It sure was nice of them to throw us a victory party!! Sad to see history being rewritten so that it looks like a 1960's propaganda poster of a big Chinese fist crushing Japan.

Blocked on Weibo -

[boivivi]

China's socialist market economy is the world's second largest economy by nominal GDP and the world's largest economy by purchasing power parity according to the IMF although China's National Bureau of Statistics rejects this claim

[botticelli]

Originally Posted by pennyone

You can talk about WWII. Go ahead and discuss how it was China's sacrifice that tied down substantial Japanese forces which then limited Japanese incursions further into India and elsewhere. You can even argue that the parade is a celebration of the sacrifice of the entire Chinese nation against Japaneses militarism and fascism, so party affiliation really doesn't matter. You can also state how ironic/unfortunate that a past Chinese ally, such as the US who used two atom bombs to finish off the japanese decided to not participate in the celebration in deference to its guard dog Japan today. And that it did so because it needed this dog to keep China contained in the east as part of its strategy to limit China's rise (futile efforts).

You don't see many pro-China posts because China does have many problems to resolve. Yes some of the commentaries are biased and one sided, and they run from the environment to terrorism, but that bias has always been there against a potential US rival. There was plenty of anti-japan sentiments in the US during the 80's and early 90's before japan wilted into its long running recession and irrelevance. We Americans reserve this bias only toward nations who have the potential to endanger, equal or even surpass us....like the USSR, Japan and China today. So take it as a compliment.

Well said.

It is unreasonable to expect impartiality about China on a American dominated forum. Plus, it is not like China will be worse off just because Americans don't like it.

[theunbrainwashed]

I, for one, welcome China's rise. Americans need to stop thinking they are special little snowflakes, running around the world creating refugee crises wherever we go. Nothing bad ever came from humbling yourself and deflating your ego.