China has Passed the US as the World's Largest Economy
February 21, 2040 - Analysts report that China passed the US as the largest economy in the world last year. With a nominal GDP* of US$29,300 billion for year 2039, China is ahead of US with more than US$500 billion. China has tenfold their GDP over the last 35 years.
The US was the world’s largest economy for about a century, since the British Empire suffered severely in the Second World War. China can now look for a reign on the throne for about 30-40 years before the currently fastest growing major economy, India, is likely to surpass them. India became the world’s third largest economy in year 2034 with the help of their growing population and will challenge the size of the US economy in a decade.
Even though China has passed the US in total, the US is still by far the nation with the biggest GDP per capita with US$73,830, followed by Japan, United Kingdom and France, among the largest economies in the world. China, as the second most populous country in the world, has a GDP per capita of US$20,610, more than twice as much as India on US$8,180.
Argument: The numbers are based on the report Brazil, Russia, India and China - A Road in 2050 by Goldman Sachs, but have been revised according to the latest GDP data in the World Economic Outlook (September 2006 edition) from the International Monetary Fund.
Questions: What impact will China have on the rest of the world with a tenfold increase of the Chinese economy? How will the Chinese culture affect other parts of the world, compared to for instance the American culture today?
*Nominal Gross Domestic Product measures the value of all goods and services produced in a country expressed in current prices.



January 19, 2035 - According to the latest statistics presented this week, 1 million hydrogen-fueled cars have now been sold in the US. The figures for last year show an increase in sales by 50% from 2033.

January 8, 2035 - With a first prize of seven million US dollar and the intriguing plot of trying to fool or outsmart Arnold, the most advanced artificial intelligence in public use, the much hyped live show “Fooling Arnold” became the people’s choice this Saturday.
December 20, 2030 - The launch yesterday of the virtual realistic-looking human newscaster from Simple News gained rave reviews. Others have made several attempts earlier, but this sends the live newscasters in to a pretty shaky future.
December 18, 2020 - This year shows strong growth for wind power when the total global installed capacity added a record 62,000 MW, making the total capacity more than 680,000 MW. Wind power is by far the renewable source with the largest growth in worldwide capacity during the last decade.
December 15, 2030 - There's no doubt what the most popular Christmas present will be this year. Influenced by the launch of the first manned mission to Mars next month, you will most likely get a present with stars, a gift card for a spacetrip.
November 19, 2040 - Today was a historic day for Iceland when their President this morning at a symbolic ceremony officially shut down the last gasoline pump in the country. Iceland is a model country when it comes to the fuel transition from gasoline to hydrogen and became today the first country in the world to complete it.
September 21, 2050 - At a press conference today it was announced that the first tourist heading for Mars will be the 38-year-old US businessman Patrick Clifford. He will leave the earth in the launching window of June 2052 and set his foot on the surface of Mars in November, together with the other 6 astronauts assigned for the mission to further explore the planet.
September 12, 2035 - Are you kidding? Is it possible to beam myself? No, of course not, but you can now make a 3-D projection of yourself anywhere in the world. The first product for real teleimmersion has been released, the Telebeamer.
September 5, 2035 - More than 20,000 quadriplegics around the world have now got a BCI, a Brain Computer Interface. It gives them the ability to control their environment, from driving their own electric wheelchairs outside their house, to make their own dinner.

Comments:
Hasn't this already happend?
Posted by: Thomas
China is second in the World to the US when it comes to GDP PPP (Purchasing Power Parity) which equalizes the purchasing power of different currencies in their home countries for a given basket of goods. But this article relates to the Nominal GDP.
Posted by: Pontus Edenberg
World GDP as a percentage (2005 tp 2040)
-------------------------
Orient 19% (8% to 25%)
Africa 17% (5% to 25%)
Europe 16% (5% to 25%)
Saarc 14% (5% to 20%)
English America 10% (4% to 25%)
Latin America 10% (3% to 20%)
Asean 8% (3% to 15%)
Middle East 6% (3% to 15%)
Other -
Other includes Central Asia, Oceania and Antartica.
Posted by: Budrick Jones
World Population
----------------
Orient 1500 million
Saarc 1500
Africa 900
Europe 800
Asean 600
Latin America 500
English America 400
Middle East 400
Other 50
-----------------
World 6650 million
Posted by: Bubba
World Religion/ Philosophy
--------------------------
Christianity 1500 million
Islam 1000
Hinduism 1000
Buddhism 1000
Taoism 1000
Animism 1000
Other 150
------------------------
World 6650 million
Posted by: Bubba
I am a follwer of Buddist Hinduism.
Posted by: Raj
I don't think this will happen. Of course today's most powerful countries, especially those on the upper part of the earth, won't let this happen. They will do everything to stint China's growth. And imagine how scary it is if China's economy becomes the world's largest. I really believe that it should NEVER ever happen.
Posted by: Mike
World GDP over the last 2000 years. I think Latin America will be ok.
http://en.wikipedia.org/wiki/List_of_regions_by_past_GDP_%28PPP%29
Posted by: Historian
I think you will like this map, I made it personally based on information on this site and the internet in general.
http://img479.imageshack.us/img479/5752/economicgroupsri3.png
Posted by: Jorge
Looks pretty accurate
Posted by: Iamnotimportant
I disagree. China is unlikely ever to overtake the USA in the 21st century. Also, Japan would probably still remain the 2nd largest economy in the world until circa 2025. Chinese businesses are still dependent on foreign customers and tools. So they do not have experience in survivng the rigour of free competition.
Posted by: Sadat
This will happen way before 2040, because the American economy is going down faster than ever. The rest of the world is pumping money out of the US at a high rate. If this continues, the US will face unpayable debt and high inflation. What I miss in the news is: what wil happen with the euro/dollar rate en yen/dollar rate? This will also affect the US economy.
Posted by: Nick
I am a chinese and I am satisfied with china economy growth. 2040, I don't care about who's the big brother. but I am sure at that time china will be much stronger. that guy, u need not scary about china become bigger. you see, 10 yrs ago, I thought clothes made in hongkong are famous brand, but now, I prefer to wear hugoboss green.
Posted by: wen
http://video.google.com/videoplay?docid=-3852891107486285806&q=municator
Posted by: Epoch 2
Alright, I'm gonna be honest. This will NEVER happen. China is eventually going to have a point where it's communism fails and there will be such a large mix-up that their economy will flop for a while. By the time this has all happened it will be 2050-2070. Then, after becoming a full democracy they will have to continue their growth and it will much too hard to catch up with the United States. The recession in the US now can't be that long because people are going to start to change things in the US, and FAST. I totally agree with Mike. This is also a very far left and biased site and most of the things on here are just educated guesses. The world never turns out how people think it will. In the forties people thought we would be in space shuttles and have space homes and robot maids, but that hasn't happened quite yet, has it?
Posted by: Nickolas Post
Exchange rate effects the Volume of trade. See Illustration in the link.
http://img361.imageshack.us/my.php?image=volumeoftradeqy5.jpg
Posted by: Exchange Rate
I enjoy reading these predictions but all these things are so complex and so many things aren't taken into account I will list a few for you all to think about.
- Where you are in the world (trade routes) this as been USA main advantage over the last 50 year it's has easy trade access to Europe, south America Africa and Asia. China/India has no easy route to Europe + east coast of the America
- How effectively will china turn it's economy around from being based on cheap labor to whatever it will become I don't know but I do know that china is reaching the limits of it's growth from cheap labor allow and as other cheap labor markets open up how does china compete with them metal the town company as already moved all production from china to Vietnam to reduce labor cost. India doesn’t have this problem as there economy is based manly on heavy industry and service sector.
-Peak oil "some people say we are at it now but I think we are still a little way off" once the transportation of products becomes higher it will be cheaper to produce locally with higher wage cost. (The country that changes to a green renewable energy economy first and the most effectively will most likely be the next economic power in the world)
- The control of natural resources I once read a topic explaining how the USA population was 3% of the world but they controlled 25% of the would resources.
- Over population how do you go about feeding such a fast growing population with less and less land to grow food on "problem faced by India + China but not the USA"
- As someone already said political unrest as the population in china become more educated and richer will they begin to demand more freedom and stand up against corruption.
- Turnover is vanity China/India may have to produce goods at lower and lower margin even at a lose with substeadies they already have to do this with fuel to be able to keep growing “example of this is the car maker GM they are the biggest car company in the world but are loosening massive amounts of money so who would by shares in them?”
The person who can tell you which country can overcome these problems will have a better prediction than someone that just carry’s forward current growth rates and says whichever country has the largest population will be the most powerful.
Posted by: wayne
@Thomas
NOOOOOOOOO!!!!!!!!!!!!!
Posted by: Brandon
all we need to do is to stop are economy from "sucking" by each doing the little things that we can to make a big impact
P.s.
who cares about china
Posted by: chaz
World Economy
http://www.topix.com/forum/topstories/TUE5Q01LBHILAC8LJ
Posted by: World Economy
I, myself, find it to be a very odd coincidence that analyst’s such as Fogel state that China started to gain economic strength in 2000. Now wait a minute… who was elected as the new President of the United States in the year 2000?
Posted by: AutumnRose
Pontus Edenberg,
When was this research carried out (how current are the figures it is based on)?
Posted by: KP
I don't agree with you Nickolas Post, i think that China NEEDS communism especially with its population.
China probably will be the economic superpower, but the economy is un-predictable. If China does become economic superpower i worry what will during this time.
Posted by: Dylan
"US is still by far the nation with the biggest GDP per capita with US$73,830, followed by Japan, United Kingdom and France, among the largest economies in the world."
Do you know European Union?
Don´t you remember Germany, the first european economy and fourth world economy on 2009?
Is world war two over for you?
Still dreaming?
Posted by: Anonymous
America's loss is worlds benefit. china, india, russia, brazil will grow rapidly. but one thing is sure that europe and usa will somehow control about china's growth( i dont know how but they will).otherwise china will be problem for everyone. long back someone says about" its sleeping dragon let it sleep, if this wake up rest everyone will sleep"
Posted by: rick
This article is flawed, i think it got it's date wrong, 2040? make it as early as 2017, by 2040 they will have trippled USA GDP, and at this rate, if you make the calculations that USA economy continues to decline at a rate of -2% over the next 5 years, and China's economy given a modest figure of a 9-10% growth over the next 5 years, by that calculations in 2015 China's GDP will have surpassed the USA.
Posted by: Hamid
I think this article is way off! I think it could happen by 2025 or 2030 at the latest. The US is not going to grow at pre2007 levels for a very long time if ever. The US is in the process of down-sizing everything and my have a stagnant economy for years, while China is still growing at almost a double-digit rate.
2040:
#1 - China
#2 - Japan
#3 - USA
#4 - India
Posted by: Bill
Interesting...
Americans here are very "I reckon, it will never happen "
Arabs on here "America is collapsing fast, I HATE AMERICA"
Chinese are "whatever"
I think there's more important things to worry about like lunch tomorrow.
Posted by: Earthling Bobby
america will remain super power and world's largest economy in 2040 / 2050 /2100 and will go on like this only.America is in temperary recession situation and its innovation in future will always save her
Posted by: hardik jogi
Here i can see Americans are scared.......!!!!!!
Posted by: Deepak
I am sure there are people in India, China, America, Africa that can do similar work for all other nations.
Posted by: Raj
"World GDP as a percentage (2005 tp 2040)
-------------------------
Orient 19% (8% to 25%)"
Orient ?
I love it when I see that people still throw these terms around. It's about as indiscript as using something like "White Nations" and of course - with the latitude you give to encompass "Oriental nations" that would, of course, include most of the Eurasian continent, Australia, and both Americas.
Oriental' ? Come on.
Posted by: PulSamsara
So far a multipolar world will give more stability to the world than a world dominate by a country who become unfriendly with the rest of the world, undemocratic and dangerous ; remember, the power corrupt. Economic development, Healthcare, education are for entire world not only for a few nations, for our future is better to see China and India being developped countries to boost others regions like Africa to move up. US must change to be less arrogant and admit their limits if they want to lead something.
Posted by: antovador
Europe will be out of the picture. The RMB will be the default world currency.
Posted by: fike2308
I find it sad that people who write on the net, and that writing influences many others, that they have done little ( and often none at all) research to obtain the correct information. Indeed at the point of writing this comment the GDP PPP of Australia has already surpassed that of the USA (writing this on May 5,2010)
Posted by: Ian Grantham
I think Im still Pro- American whatever happend I'm scared with China as the future leading economy's nation ...First their belief in Communism 2nd....Chinesse are radical in killing the girl's baby wayback in their history background 3rd ...though I'm Asian but still Chinesse are smart on their own way but still America leader are tested for not being radical and selfish .I hoped America will rise and hoped American's know how to love other nation because for all those years America leadership is tested for not being Selfish it just Big Nation Legacy is the game of their POWER>>>>>so with this coming issues about OUTSOURCE CENTER I hoped American will be smart which country where they supposed to remain their business perhaps INDIA OR CHINA IS A BIG Question MARK??? But the Philippines the only Asian Catholic Nation hopefully American outsource business will remain because Filipino from the start of World War II are always there for America as well as America for PHILIPPINES , but for China and India those are big Continent their place compared to America are just the same big as the continent of NORTH AMERICA so go go go go go to American stop whining and complaining just stand up and embraced together for our will god bless America
Posted by: Im Pro- EQUALITY
this is my guess for 2050
#1 china
#2 america
#3 india
#4 brazil or european union
now this would be funny if this happened
#1 African union( africans rule the world now)
#2 italy( lulgi)
#3 greenland(ice)
#4 mcdonalds(big macs)
the worst 4 econmies
#1 america(screwed from the recession and mcdonalds taking over 3/4 of america)
#2 Canada(blown to bits after america "accendently" pressesd the nuke canada button.
#3 North montana(full of hillybillies and rednecks)
#4 france(major encomic product: snail toys, snail cars, snails that's why no one trades with france)
Posted by: sg
Some so called Western experts like to say that China and India will follow the same path like Japan and South Korea and their GDP will never surpass US GDP. That's a shortsighted thinking. The size of the population is also important for a nation trying to become fully developed. If a nation has equiped their population to the point of having a car, a phone, a computer, a TV set for every citizen with their homes supplied in water and electricity what else can it do? Those are the main indicators of economies and GDP growth slow down once the entire population is fully equipped. The GDP of India and China will surpass the GDP of USA because once those two nations are fully developped they will be equipping populations four time the size of USA population. For example a car for every adult means 200 million cars in USA and one billion cars in China or India. I see China and India coming closer to that in 2050 if they find a way of manufaturing cars and other equipment that won't destroy the planet. It is really silly to say that no nation will ever surpass the USA. Maybe the British or the Romans have said the same thing during their empire era.
Posted by: Kizito
INDIA will no:1 in 2050
because the world is hate china and chinese products
Posted by: anish
INDIA will no:1 in 2050
because the world is hate china and chinese products
Posted by: anish
World 2050:-
A. Economy(Measure of ability of a country to pruduce and spend.)
1.China
2.India
3.USA
B. Military(Measure of ablity of a country threaten or persuade or enforce )
1.USA
2.Russia
3.China/India
C. Space(Reflects about the nations technological advancement and also props up its overall international image as very few countries have that capability)
1.China
2.USA
3.India/Russia
D. Conventional Energy Resources(Measure of sustainability)
1.USA
2.Russia
3.China/India
E. Renewable Energy Resources(Measure of sustainability)
??? Depends on technological advancement of the country and their ability to invest into such technology. At present I don't see anyone winning or let say even running this race. USA might be technologically advanced but I don't think they will Invest into such technology due to pressure from energy companies. China and India both are deficient in energy resources but are they willing to Invest in such technology is to be seen.
Overall analysis is that USA will have to rethink their economic strategy or they are definitely going to be overtaken by both China and India economically. But militarily I think they are way ahead and need not to worry.
Therefore I think that diplomatically USA will still be Numero Uno in the next six-seven decades of 21st century despite being toppled economically.
Energy security becomes very prominent in winning the superamacy race.
Energy secure nations will be the one who will sustain their economy for long periods. So for supremacy in year 2100 energy security will be the most important factor according to me.
Posted by: Future
The future looks like no one will be able spell or write correctly as seen by all the "Engrish" that everyone is writing with in the comments section
Posted by: MikeC
The future looks like no one will be able spell or write correctly as seen by all the "Engrish" that everyone is writing with in the comments section
Posted by: MikeC
China is "producing" and "saving" while America is "outsourcing" and "borrowing".
The US ecomony will collapse sooner then you think if it doesn't get its act together. We use to be a nation people who worked hard, saved their money and actually owned things. Now were a country of debt and welfare recipients. Facts are facts.
Posted by: Kevin
World Economy
===================
1) China
2) India
3) United States
4) Brazil
5) European Union
6) Russia
7) Indonesia
8) Japan
9) Pakistan
10) Nigeria
11) Mexico
Posted by: World Economy
Hahaha, it's funny how many of you guys are scared and in denial of the future prospects, even bringing in unlikely scenarios to justify your claims why it won't happen. China was a global superpower for most of the last 20 centuries of human history, what makes you think they can't do it again? Also, the Chinese did not account for their service sector, their SMEs in their GDP report. Meaning that a huge chunk of their economy is not even reported. For all you know, they are already on par with the US GDP in PPP. Btw, they have already surpassed Japan recently, have $2 Trillion in reserves, the use of which we must still observe. They are also working hard to reduce dependence on the US which currently absorbs around 17% of its exports. CAFTA was a recent and good example of this effort. And for those who believe it won't happen because its a 'Communist' state, you ought to know that for much of China's history, its great achievements have been made on the back of changing political systems. So it doesn't matter whether the leader will be the Chairman, the Emperor of the President because the realization of China's fall from its position as superpower since the 18th century is something that affects the conscience of every Chinese, it is a national issue and whoever leads China is likely to lead it in that direction.
Posted by: Nolan
billions of useless trash yeah thanks china
Posted by: samuel welsh
future power............
1.china
2.india
3.usa
4.russia
5.who care about, the rest
Posted by: john winset
Trends might suggest for 2040:-
1.China
2.EU
3.USA
4.India
To add Brazil or Russia is disingenuous since their demographics and levels of inward investment and innovation are insufficient to deserve a place in the top 4. The EU is already the largest economic power on the planet so it is unlikely to be out of the top 4 by 2040.
Posted by: karen yuih
JAJAJAJJA ESPAÑA ES UNA VERDADERA BASURA AL IGUAL QUE LA UNION EUROPEA? QUE NO ERA POR PAISES ENTONCES PONGAN UNION AISATICA O UNION DE PAISES AMERICANOS JAJAJJA ESOS QUE DICEN UNION EUROPEA ES UNA VERDADERA IDIOTEZ JAJAJAJJAJA MEJOR PREPARENSEN A LAS ORDENES DE SU CHINA:
1.-CHINA
2.-INDIA
3.-BRASIL
4.-RUSIA
5.-INDONESIA
6.-PAKISTAN
7.-NIGERIA
8.-MEXICO
Posted by: lisandro
The whole debate has, apparently, been sparked off by the proposed erection of a statue commemorating Norman Collie and his local guide John Mackenzie on the island of Skye.
Posted by: melinda
@ Nickolas Post
Hehe. You live in a bubble? The Chinese economy is one of the most capitalist economies in the world. The change you predicted would happen "2050-2070" was made during the 70's and is the foremost reason to why China's growth has acceleratec ever since. "Communism" in China today is only a label. They are a state capitalist dictatorship, and economic backlashes as that which the post-Soviet states had when they went from planned economies to capitalist economies won't happen - since China made that transition already during the 70's. The bridge from dictatorship to democracy might cause some mess, ofcourse. But chances are also that it won't. They have already introduced democracy at local level. Chances are China will evolve into a democracy over a long time without large scale inner protests or turmoil.
Posted by: moo
@Nolan, I think your comment is correct. You may add to it, that the Chinese are ambitious, prepared to suffer for achievements, prepared to work hard and there is a mentality of saving, trading and investing. What you will see is that China will further expand, while the US economy will contract or at best a very small but unsustainable growth. Fact is, that the US economy is losing money and destroying wealth in an unprecedented manner. It is painful to see, how a once great nation has eroded and humiliated itself so significantly in such a relatively short time.
Posted by: Marcellus
People here are so ignorant its cute. For people that say that there is no way China can keep its growth and surpass America, here are some cold hard facts. This is from a Chinese immigrant that having spent two thirds of my life in my homeland.
1. The total Chinese population is aging, but its middle class is not. Not everyone in China are factory workers or owners. There are about 100 million people working in high-tech jobs with living standard approaching that of a developed nation. Although there aren't as many youths in China as before, better education enabled most of them to become skilled laborers just like most Americans. Think of it this way, 20 years ago there might be 20 million people at the age of 18, but only 5% of them, or about 1 million went to college and became middle class. Now there might only be 15 million 18 year olds, but about a third of them now goes to college so there will be 5 million middle class. What is disappearing in China is uneducated, cheap laborers that died like flies in horrible working conditions. In their place comes the educated, innovative high-tech workers that will contribute to the service sector, and the large scale factories will be moved somewhere else like South Asia.
2. Many people say that China's current economy relying on cheap labor and exports cannot last long, as the country becomes richer. That is very true, however, I am interested in what make them think that Chinese industry won't make the transformation of unskilled, labor intensive heavy industries to that of a skilled, technology intensive one just like America. South Korea and Taiwan's economies in the 1980s is very similar to China's current economy, and they made the transformation with great success. If they can do it, why can't China.
3. By the time Chinese exports are no longer competitive, it means that China can then turn inward and focus on satisfying their domestic market, as the wages of its cheap workers will be high enough for them to start consuming at a reasonable scale, and when its 1.3 billion people starts to consume 1/5 as much as Americans now do, the Chinese economy will surpass the American one.
4. For those saying that China will go through the same path as Japan and its economy will stagnate, I suggest you to do more research. Japan's economy in the 1980's is a developed one, and its GDP per capita is even higher than that of the US at the time. Its economy is based on high tech industries, finance, and other services, just like America and other developed countries. The Chinese economy, on the other hand, is a poor, developing one relying on heavy manufacturing and mass production. Its economy cannot be more different that that of the Japanese one in the 1980s, I don't know how people made these connections. Also, some people say that the stagnation in Japan is the result of its economy growing to its full capacity, ignorance much? There are no limits to how wealthy an economy can be, I mean take a look at Norway. The Japanese Lost Decade is the result of poor decisions made by the government. Even if there are limits to how wealthy a country can be, China is thousands of miles away from it.
5. Some people even say that China cannot maintain its growth because its communist. Well, some people still think Soviet Union exists, and that I'm going to blame it on the outdated Western textbooks. China is a communist government, but not a communist economy. Its a transition economy just like many in Eastern Europe, and it has been transforming since 1978.
Also here is something off topic, for people that gush about how the Chinese government tortures its own people, and calling its factories communist slavery. I have to say that is the characteristic of all developing countries. Take a look at America in the 1920s, what do you have to say about that, capitalism slavery? Canada even brutally suppress a strike with police forces back then, and that was Canada, a country that now have one of the best human rights in the world. For people that criticizes how the Chinese government restricts all activities and its reign of terror, well having experienced those "terrors" myself, I'd say its not that bad, at least if you have some money. China has its own rip offs of YouTube, Facebook, and Google, the only difference is that only Chinese people use them. Some people can live without talking crap about the government all day. I'd say anyone that isn't a political fanatic or environmentalist will find China just fine ;)
Posted by: Qirin
Hi Qirin
Just cool down, man. Let them retain their precious delusions. Let them think things are going to implode etc. It makes them happy; gives us peace. What not to like? Let them be.
Posted by: Lin Zexu
I got 13 to 15 yrs. to master the chinese language. I suggest you all do.
Posted by: tony
I got 13 to 15 yrs. to master the chinese language. I suggest you all do.
Posted by: tony
in 13 to 15 yrs. China will have the ball. I am enrolling to a chinese language class. And I suggest you all do the same.
Posted by: tony
Thats bullshit.remember we said the same for japan early 90's.What most popular chiness brand non.american corparation and industries are driving chin& india growth -To hide what they are doing in the middle east and their take over. look at it they won iraq,afghan,yemen whats left is iran.lending at high rate countries r runing this this money they going collapse this banking in 2015 and they are going to seize control of these assets.Europe is selling its african exploration and mining assets after they going to run commodies down african are going to turn on thier corupt leader like what happened in egypt,libya,tunisia it anglo american.They started money are running money.NYSE and LSE will live forever .LONG LIVE WORLD TRADE!!!
Posted by: vingi
I do have still some hope that japan will be world second biggest economy despite their zealous commitment to become world 1st largest economy by 2015. China can be compared to Japan. Moreover, Germany is Following as well!.
Posted by: nikshant
Who cares? Why can't China and other East Asian countries lead the world in the future? Can't be anyworse than the mess the West and Muslims have done.
Firstly, China won't be alone India is also on the rise. It's possible that both may get carried away and start bullying and invading other countries as both nations while peaceful do have a chauvinist nationalist attitude(sound familiar?)but this might benefit the West. Won't it be good for Westerners not to be the bad guys for once? I'm not trying to say that Chinese and Indians are goose-stepping colonial nazis but it is possible since this can happen in any peoples. Either way lets relax and see what happens. If you westerners are worried, start by pulling your troops out of other countries and re-developing your own countries starting with education, law and order and more economic technological innovations
Posted by: bilal09
How many of you have actually traveled to China? I have been there every year for the last 7 years. China WILL pass the US GDP and probably well before the year 2040. They are now at $5.7trillion and the USA is $14trillion. The USA is $14 trillion in debt. China is $1.6trillion in debt. Two thirds of the USA economy is based on CONSUMPTION!. That means people consuming things. China has 1.4billion people. The USA has 300 million.
China has better infrastructure than the USA aleady. It is inevitable that China will pass the USA GDP. For those who choose to bury your heads in the sand, really don't know what is going on. All the growth manufacturing is in China. They just moved 400million people from farms to manufacturing. They have 170 cities with over 1 million people in population. The USA has 9 cities with more than 1 million in population.
And the best part is our great government at $14trillion in debt can no longer stop the China economy. Check out Forbes magazine from January of 2011. The most powerful person in the world is the President of China. For the first time in recent history, the USA president is no longer the most powerful person in the world.
Get a clue people. China is here NOW and they will be the largest economy in the world in the 21st century.
Posted by: garyh
For the fourth time this year China's central bank announced Sunday the biggest Chinese banks must hold greater cash reserves. China's financial leaders are struggling to keep inflation in check. A world addicted to cheap manufactured goods from China could possibly be in for a shock. Meanwhile, Donald Trump, pandering for a presidential bid, proposed a 25 percent tariff on Chinese imports that was roundly ridiculed by economists. I read this here: China struggles to curb inflation that threatens global growth
Posted by: zeriny x.
so what being the sec. richest country is pritty dam good:D
Posted by: Autumn Fitzpatrick
"China can now look for a reign on the throne for about 30-40 years before the currently fastest growing major economy, India, is likely to surpass them."
Do people actually take these statistics seriously? Sometimes it sounds like a soap opera to me: "China will be king, then India will dethrone China...stay tuned for the next episode to find out who will be the one deprive India of its regal crown!" I suppose after India it would be Zimbabwe -- you gotta give Africa a chance too.
I have such reservations in believing anything these futurist statisticians put out to the public. Not only because it's so sensationalized, but also because of how unrealistic the numbers all seem!
Posted by: Lucius
"China can now look for a reign on the throne for about 30-40 years before the currently fastest growing major economy, India, is likely to surpass them."
Do people actually take these statistics seriously? Sometimes it sounds like a soap opera to me: "China will be king, then India will dethrone China...stay tuned for the next episode to find out who will be the one deprive India of its regal crown!" I suppose after India it would be Zimbabwe -- you gotta give Africa a chance too.
I have such reservations in believing anything these futurist statisticians put out to the public. Not only because it's so sensationalized, but also because of how unrealistic the numbers all seem!
Posted by: Lucius
Turns out that communisme is more economical than they taught us in social studies...
Posted by: --L
i think it is realistic to expect china´s world leadership, but i am not so sure in the sustainability of their regime...
Posted by: realist
Thank you for another magnificent post. Where else could anyone get that kind of information in such an ideal way of writing? I have a presentation next week, and I'm on the look for such info.
Posted by: Latanya Carollo
Seriously, guys...what's the problem with China surpassing US? And please don't tell me it's because China is commis...
Lancer Smith
Tattoo Removal Specialist
Waltham, MA 02493
Posted by: Lancer
Hey guys,
Honestly, I never want to see China pass the US. Not only because I'm American, but because like many others, I don't trust the "harmonious" bullshit that the Chinese government pumps out. However, a lot of the Chinese people are great, this should be known. Also, China is going to have to keep this growth up, or else the rich minority who controls the country through propaganda a.k.a. "Communist party", who don't even believe int their own ideology because they're there to gain the benefits, it's true I've talked to many Chinese who belong to this group; but when the day comes that China can longer keep its growth up, mark my words, there will be a revolution, and if everyone is borrowing from China, we'll be screwed from their bubble bursting. Makes sense, doesn't it? Also, the reason why the US will stay ahead, in my opinion, is because its people are free, there's innovation and growth, the Chinese love to copy, and copy, and copy, yet there's little innovation. India too has a free population, so there's much potential there as well. China might be very "efficient" with businesses by moving millions of people out of its way for foreign businesses to open their production sites, but this will come back to haunt them. As of this being written, the US is already militarily "containing" China. I'm not going to say this will be successful, but it does send a clear message...."We're still here, and we're in control".....Anyways, even if you disagree with what I say, which is cool, at least I hope you learned something from this and that I can learn something from what you guys say ;-)
Posted by: Dan
My last post is something I wanted to get off my chest, but in the near future, if China did pass the US, it would be tough personally because we raised being "number one", but honestly I've traveled a lot, and I realized that it's not a "race", it's really about everyones' quality of living. Even still though, I don't want to see China have a shitload of influence over others, they claim they won't bother anyone, but it's interesting to see how a country changes with power and money, right? Lol, look at the US for example before WWII, and then after with its military-industrial complex. Anyways, I think you guys get my point, alright lets hear what you have to say, and by the way, to the Chinese out there, I do have many Chinese friends and a Chinese girlfriend, surprising right? Yeah, but I will never agree with the Chinese government, and there are a lot of Chinese students who come over here and don't give a shit about anything, also there are others who are nice, but it's tough to be nice to those who don't care about learning even the small things here. The bottom line: I have a love-hate relationship with China and Chinese, lol. ;-)
Posted by: Dan
heheh
Posted by: sajad
it`s not proud for china to reach to this state,because of labouring and forcing their peoples to work by low salary,
Iran in new future will become the most powerful country in all possible fields in the world.
just wait&seee....
Posted by: sajad
future powers
1- CHINA vs INDIA(their powers gonna be very similar)
2-RUSSIA(powerful but not gonna be a rival to india or china...)
3-USA(one day in the first place, now in the third...)
4-BRAZIL(future USA rival for the leadership of americas...)
5-CANADA(not a super power but is gonna be powerful)
6-GERMANY(the only european country with a really great potential)
7-MEXICO(more independent of USA and more powerful than never)
8-FRANCE(powerful in the past, powerful today and powerful in the future...)
9-SOUTH AFRICA(a voice in the africa...)
10-ARGENTINA(they have a great potential like BRAZIL but is not certain yet how longer they can arrive...)
Posted by: super dude
WORLD TOP ECONOMIES BY 2020
#1 CHINA
#2 USA
#3 EU
#4 INDIA
#5 RUSSIA
#6 INDONESIA
#7 GERMANY
#8 PAKISTAN
#9 MEXICO
#10 TURKEY
Posted by: Pizzaboy14
usa was jewish`s toy&now they don`t want anymore usa because of the hateful face of usa in the world,now they want china to use it,to overcome the world&reach to their devilment goal.
but there is a big prblm,that is iran,they never reach to their goals.
Posted by: sajad of iran