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Forums - Politics - China Just Overtook The US As The World's Largest Economy

china back on top....



 

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Wow, the world be changing loll



                  

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LOL, no. Their housing bubble is about to burst.



How about all the ghost cities and unfinished projects over there?



"On my business card I am a corporate president. In my mind I am a game developer. But in my heart I am a gamer." - Satoru Iwata

BraveNewWorld said:

LOL, no. Their housing bubble is about to burst.

No sh*t! And US Treasuries pyramid is stable as ever?



Ka-pi96 said:
That's a really poor way of looking at it. Maybe their domestic economy is better, but on a global scale actually compared to other countries they are still a long way behind.

Oh... and I wonder how the EU does on this, I think they are technically first. Just need to hurry up and unite as a single country so we can dominate the worlds economy


The EU ($16.566 trillion  in 2012) would be around the same as the US ($15.68 trillion in 2012) with a slightly larger population. Per capita, it was first, but once the poorer eastern block joined, the GDP plummeted, followed closely by a massive recession. This will level out over time.

 

RE the EU becoming one country, this is a massively flawed expectation and would never happen. The cxountries of the EU, put along side the states of the US are on a par. In reality the only difference is the word that we use and the US was set up by europeans who could not longer stand the bickering of their respective nations. New world and old world. There is about as much chance as the EU becoming a country as there is of the 50 US states spliting up and becoming countries in their own right.



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Well with a billion people and a rising economy it's bound to happen



BraveNewWorld said:

LOL, no. Their housing bubble is about to burst.



How about all the ghost cities and unfinished projects over there?

The Chinese population is still climbing about 10 million each year and it's just halfway through its rural exodus. Not to mention the rapidly increasing incomes of their middle-class and management under a strong government keeping urban planning under control. China can in theory get away for decades with stuff that would kill developed economies in weeks. 

OT - Surpassing the US is impressive, yes, but it will be even more impressive in 2030 when they just about double the size of the American economy. Not that is what I would call an economic juggernaut!



 

 

 

 

 

Jizz_Beard_thePirate said:
Wow, the world be changing loll


LOL This was supposed to happen for a while now. Everyone knew China would surpass the US years ago as their PPP dramatically doubled over a couple of years. Its just going to continue to blow past. 



It's far from the truth ... GDP is the more important measurement to determine wealth and China is still far away from that.



BraveNewWorld said:

How about all the ghost cities and unfinished projects over there?


I have to admit looking at those pictures I feel really sad. Not just about the vacancy but how it looks so generic and same. I hate what communism does to architecture and city planning.