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KarnageMister · 05-07-2011, 06:01 AM

Source: http://www.marketwatch.com/story/chi...rtake-us-early

Quote:

China will overtake the U.S. in terms of economic output within a decade, according to estimates released Thursday by Deutsche Bank, which said it had to accelerate its forecast of the mainland's leadership in the global economy in view of favorable growth dynamics in emerging markets.

"China's nominal GDP growth could surpass that of the United States within ten years, a period which will likely be accompanied by a gradual appreciation of the yuan," Ma said.

Do you think it will happen?

Espada1 · 05-07-2011, 06:33 AM

I heard that China has some problems internally within the country that will cause them to fall economically.

http://www.nytimes.com/2010/01/08/bu.../08chanos.html

If China do surpass the U.S economically would you guys say it is a bad or good thing for the world?

marcipaans · 05-07-2011, 06:36 AM

So wait a sec. Is this real or is this the old USSR scenario spreading false news just to show how "good" China does as opposed to other countries?

sinnful · 05-07-2011, 06:37 AM

While it may surpass us within in 10 years or so I don't really see it staying there. China has many political and internal corruption issues that are going to come to a head, along with a labor market that will begin to demand more rights and benefits as money flows into the country. The only issue is that everything is so interconnected now that if they fall they will most likely take the rest of the world with them economically and on a scale that is much worse than anything now.

Espada1 · 05-07-2011, 06:39 AM

Quote:

Originally Posted by sinnful

While it may surpass us within in 10 years or so I don't really see it staying there. China has many political and internal corruption issues that are going to come to a head, along with a labor market that will begin to demand more rights and benefits as money flows into the country. The only issue is that everything is so interconnected now that if they fall they will most likely take the rest of the world with them economically and on a scale that is much worse than anything now.

So in a long term sense it would be much better if U.S maintains the status of economic powerhouse rather than China?

sinnful · 05-07-2011, 06:51 AM

Quote:

Originally Posted by Espada1

So in a long term sense it would be much better if U.S maintains the status of economic powerhouse rather than China?

Essentially speaking, yes. While China has the possibility for massive growth and innovation, they have many moral, political, and corruption issues that will impact the world greatly. This has been seen in their human rights violations, crack downs on political movements and their government almost virtually ignoring the corruption. While the U.S. has its problems, its better to deal with the beast you understand than invite in a new one that you know nothing about and has a few dozen extra mental issues.

cell59 · 05-07-2011, 07:54 AM

china will take over the world!

Ronin · 05-07-2011, 09:05 AM

Quote:

Originally Posted by sinnful

Essentially speaking, yes. While China has the possibility for massive growth and innovation, they have many moral, political, and corruption issues that will impact the world greatly. This has been seen in their human rights violations, crack downs on political movements and their government almost virtually ignoring the corruption. While the U.S. has its problems, its better to deal with the beast you understand than invite in a new one that you know nothing about and has a few dozen extra mental issues.

Which of those are "extra"?

Labour laws traditionally follow an industrial revolution not vice versa...

No one cares anyways; As it is the Dollar is practically stuck in a dead end and the only thing that keeps it on life support is Chinese interest in keeping it's debtor from going bankrupt.
The "drag" effect from China taking the lead is already foreshadowing in this situation. I hope it does do so fast and than it's going to lift the US out of the ditch it's stuck in and can't get out on it's own. That would give the rest of the world some space to breath too.

TreyTrey12 · 05-07-2011, 09:36 AM

10 years?

My nurga, we only got 1.

cell59 · 05-07-2011, 10:02 AM

in 30 years china will be the worlds leader in $ and GDP And everything else...and in population as well. a little bit after that India will have the highest population in the world

05-07-2011, 09:36 AM	#9 (permalink)
TreyTrey12 Cingal's Collar Join Date: Feb 2011 Location: Somewhere...over the rainbow. Posts: 1,539 Reputation: 96	10 years? My nurga, we only got 1. __________________ Baby girl, I can’t imagine what it’s like for you I got you pregnant now inside there is a life in you I know you wonderin’ if this gon make me think bout wifin’ you Like if you had my first child would I spend my whole life with you Im kinda lost..see. Cole world!

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05-07-2011, 06:33 AM	#2 (permalink)
Espada1 Xenonight2's Zealot Join Date: Jan 2008 Posts: 3,466 Reputation: 32	I heard that China has some problems internally within the country that will cause them to fall economically. http://www.nytimes.com/2010/01/08/bu.../08chanos.html If China do surpass the U.S economically would you guys say it is a bad or good thing for the world?

05-07-2011, 06:37 AM	#4 (permalink)
sinnful Raiyne's Rock Band Join Date: Nov 2007 Posts: 2,167 Reputation: 69	While it may surpass us within in 10 years or so I don't really see it staying there. China has many political and internal corruption issues that are going to come to a head, along with a labor market that will begin to demand more rights and benefits as money flows into the country. The only issue is that everything is so interconnected now that if they fall they will most likely take the rest of the world with them economically and on a scale that is much worse than anything now.

05-07-2011, 07:54 AM	#7 (permalink)
cell59 Murxidon's Maid Join Date: Jan 2009 Location: Vancouver Posts: 2,058 Reputation: 28	china will take over the world!

05-07-2011, 10:02 AM	#10 (permalink)
cell59 Murxidon's Maid Join Date: Jan 2009 Location: Vancouver Posts: 2,058 Reputation: 28	in 30 years china will be the worlds leader in $ and GDP And everything else...and in population as well. a little bit after that India will have the highest population in the world