To the Non-Believers that CHina will surpass US in coming years:
our public debt is
8.5 trillions dollars, about 64.70% of our GDP
CHina's public debt is:
2.25 trillions dollars, about 24.41% of their GDP
The People's Republic of china is the world's fourth largest economy (which is predicted to become the largest by 2020) and represents China as a permanent member of the UN Security Council and APEC. China is the third largest exporter and importer in the world. China consumes a third of the world's steel and over half of the world's concrete. There are currently more construction projects in China than any other other country on Earth. Due to its large and stable population, its growing economy and military spending and capabilities,  the PRC is often considered an emerging superpower.
And to think we are the one who helped them. as for us, our debt keep pilling up year after year. In 2002, The Bush Admin had predicted that we had a 1.78 trillion dollars surplus but as of mid 2005, this turned into an 870 billion dollars deficit. And we all know what caused that.
we should have known... more people more workers different government ^_^ it all adds up^_^;;
what we do have though ^_^ is BUSH himself.. yup i truly believe the bush will give us a nice war and in the end make us invincible again .... even though we might be in debt.. *sighs* what can i say ^_^he's the man...
Besides, all China has to do is close all their iPod factories and we'd be outta iPods.
Same goes for clothing. And pencils. And prawns.
It is without a doubt that China is a rising power.
But whether or not China surpasses America depends on many more factors. That's debatable.
Well.. I don't claim to be an expert on that matter. I'm just spitting back what my Professor believes cause he's been studying China for who knows howwwwwwww long.
Oh that's okay. The US owns the World Bank anyways.
Originally Posted by ghost305
well also remember this, with the political crisis incoming, the #1 rule of economics is that war is the biggest and best way to boost an economy. if China or the US enters a war in the next several years (a REAL war not the crap happening in Iraq) we will truly see who has the next potential to claim the title of superpower.
basically, china will rise in power. they will become our rivals. and then we will take them out using some cheap, underhanded tactic. and then we will reign supreme. then fall victim to our own corruption and implode into civil war.
just a question : what's the problem of china becoming n°1 ?
Here's a question why can't we just I don't know...get along...China is the logical choice for number one simply because they have more people then everyone else.
Everyones scared of China because Europe and the US have been screwing with China for centuries and pay back is hell.