China to Surpass US in 40 years

Discussion in 'Politics' started by Flopper, Nov 15, 2010.

  1. Flopper
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    Flopper Gold Member

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    Across the country, China is spending $100 billion on infrastructure, twice the amount President Obama has requested in the United States. The Shanghai skyline, with its towering skyscrapers, was built in record time, just two decades. Large projects, like a sixteen-lane bridge, are completed in the time it takes just to acquire the building permits in the U.S. Just last week, 200 workers built a 15-story hotel in six days, using prefabricated pieces that snapped together like Lego building blocks.

    Chinese engineering is speeding ahead in other areas, outdoing American efforts. By the end of next year, a train from Beijing to Shanghai will take just four hours. It will cover a distance equivalent to that between New York and Atlanta, a trip that takes Americans 18 hours.

    These latest displays of engineering ingenuity have prompted responses from U.S. officials, including President Obama.

    "It makes no sense for China to have better rail systems than us," Obama said at a press conference after the midterm elections. "And we just learned that China now has the fastest supercomputer on Earth. That used to be us."

    Today more people study English in China than there are people in America. More Chinese are pursuing degrees -- the nation will produce more university graduates this year than India and the U.S. combined.

    China's Growing Economy, By the Numbers - ABC News

    The GDP growth rate in China is 10%. Three times that of the US. If the current growth rates continue China will surpass the US in 40 years.
     
  2. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Well we better adopt the Centralized Control model of government and burn that Constitution right a way!
     
  3. mdn2000
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    mdn2000 BANNED

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    On top of that they are seeking the top nuclear engineers, start up engineers
     
  4. mdn2000
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    mdn2000 BANNED

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    The Chinese are smart enough to know what made us strong, once, a long, long, time ago.

    http://www.iaea.org/About/Policy/GC/GC54/GC54InfDocuments/English/gc54inf-3-att5_en.pdf

     
  5. ekrem
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    ekrem VIP Member

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    China will be biggest economy within this decade when it comes to purchasing-power-parity.
    China is in many sectors self-sufficient, this becomes of importance in questions of "State procurement".
    As long as China 'procures' equipment, armaments and services within her own currency-zone, that 40 years (please show serious source), which might rely on nominal GDP comparisons is just a feel-good statistic for Americans living in Nostalgia of unrivaled status.

    That Tom Friedman and ABC-News are fools to say China is a 'dwarf' compared to USA. To see a bigger picture, also look at industrial-output (China surpassed USA), steel-production, fiscal-health.

    If China would face war and switch to war-economy, you'd see how of a dwarf China really is.
     
  6. Mad Scientist
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    Unpeg their Yuan from our Dollar and watch 'em crash! They have cheap labor and cheap products, that's all.
     
  7. Baruch Menachem
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    Baruch Menachem '

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    In 40 years they will be still left at the gate if we get our act together.

    They knocked themselves backward for nearly 30 years. They got to the point where 40 cents an hour is a luxury wage. Even if they are growing at 8% per year, and we grow at only 4%, we will be compounding a larger base and they will still be far behind.

    Newly developing economies can grow at tremendous rates if they don't blow it.

    But even so, lots of folks get left behind. I watch a lot of South Korean media. If you are poor there, life really sucks. And compared to China, South Korea is obscenely rich. South Korea grew from zero in 1955 to where it is now, but it took 55 years.

    Lets check this topic again in four years. After 0bama is gone, and the US government is no longer dedicated to stupid.
     
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  8. Political Junky
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    Political Junky Gold Member

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    And you're buying those cheap products, I'll bet.
     
  9. topspin
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    Wanna get rich in less than a decade? Buy oil stocks!!!
    China already buy's more cars than we do and the market is growing double digits.
    And, they already can't keep up with oil production. BAM!!!
     
  10. uscitizen
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    uscitizen Senior Member

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    You did not read that they produce more college grads than the US and India combined?
    Plug your ears and go nanana if you want.
    It will change nothing.
     

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