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[cartoon_soldier]

http://www.nytimes.com/2010/08/16/business/global/16yuan.html?_r=1&hp

The recognition came early Monday, when Tokyo said that Japan’s economy was valued at about $1.28 trillion in the second quarter, slightly below China’s $1.33 trillion. Japan’s economy grew 0.4 percent in the quarter, Tokyo said, substantially less than forecast. That weakness suggests that China’s economy will race past Japan’s for the full year.

Experts say unseating Japan — and in recent years passing Germany, France and Great Britain — underscores China’s growing clout and bolsters forecasts that China will pass the United States as the world’s biggest economy as early as 2030. America’s gross domestic product was about $14 trillion in 2009

Its per capita income is more on a par with those of impoverished nations like Algeria, El Salvador and Albania — which, along with China, are close to $3,600 — than that of the United States, where it is about $46,000.

Yet there is little disputing that under the direction of the Communist Party, China has begun to reshape the way the global economy functions by virtue of its growing dominance of trade, its huge hoard of foreign exchange reserves and United States government debt and its voracious appetite for oil, coal, iron ore and other natural resources.

And while the United States and the European Union are struggling to grow in the wake of the worst economic crisis in decades, China has continued to climb up the economic league tables by investing heavily in infrastructure and backing a $586 billion stimulus plan.

586 billion dollars should go a long way in China.

Our new Chinese Overlords are one step closer to reality.

 

[Door2Dawn]

Movin' on up

 

[weekend_warrior]

wait a second.

USA= $14 trillion
China= $1.33 trillion

:lol

feels good to be number 1!

 

[numble]

wait a second.

USA= $14 trillion
China= $1.33 trillion

:lol

feels good to be number 1!

Quarters vs years.

 

[Dresden]

2030, huh? I'll be 42 by then.

It'll be an odd time.

 

[Byakuya769]

Give Japan their military back. Time for some deterrence.

 

[weekend_warrior]

Quarters vs years.

oh, well still. They'll never beat us.

 

[Siebzehn50]

I, for one, welcome our new Chinese overlords.

Just getting that practiced so I'll have it down pat in 10 years.

 

[cartoon_soldier]

oh, well still. They'll never beat us.

By 2030 at current rate China will beat US

 

[MidnightScott]

Imagine how many jobs there would be available in the US if everything we have wasn't made in China...>_>;

 

[ElectricBlue187]

the communists are winning Cold War II!!!

 

[MrHicks]

oh, well still. They'll never beat us.

yes they will lol

 

[SpacLock]

2030, huh? I'll be 42 by then.

It'll be an odd time.

We'll all be in our 30's and 40's (some members will be in their 60's) by then. That is if you exclude the immanent global nuclear holocaust.

 

[industrian]

Imagine how many jobs there would be available in the US if everything we have wasn't made in China...>_>;

Just imagine how expensive everything would be, then come to your senses.

 

[SomeDude]

How does the United States have such a big economy? Is it our 700 military bases and imperalism?

 

[ElectricBlue187]

Just imagine how expensive everything would be, then come to your senses.

shit needs to be more expensive. We have an overabundance of crap in america

How does the United States have such a big economy? Is it our 700 military bases and imperalism?

massive natural resources, massive innovation and the center of free market capitalism, also tons of talented immigrants come here to do big things

 

[industrian]

I'm lucky I've got the opportunity to learn Mandarin now.

And technically China is still third. Behind the USA (2nd) and the Glorious People's United Republics of Europe (1st).

 

[ElectricBlue187]

I'm lucky I've got the opportunity to learn Mandarin now.

And technically China is still third. Behind the USA (2nd) and the Glorious People's United Republics of Europe (1st).

I thought it was
1. The world besides EU
2. EU

 

[industrian]

I thought it was
1. The world besides EU
2. EU

:lol

World without EU = $42 trillion
EU = $16 trillion.

 

[SimleuqiR]

Joss Whedon was right.

 

[harSon]

Their relationship with Africa is disheartening to say the least, you'd think the continent would be weary of signing away its natural resources considering its history of being exploited.

 

[perfectchaos007]

Well America doesn't count cuz they add up all their states. Why can't Europe add all the countries? Oh right because states are more like counties and less like countries. you won't have to show your passport to go from Rhode Island to Virginia!

Obligatory:

 

[Gaborn]

I don't see China passing us by 2030 because the demographic shift WE'RE experiencing and going to continue to experience with older people and fewer employees competing for jobs is going to be 10x worse in China thanks to decades of their "1 child" policy and a cultural preference for boys leading to a significant reduction in available girls. They're going to grow up and essentially be part of a society with a huge demographic imbalance (as people in China are living longer already and we have every reason to believe will continue to do so) and a huge gender imbalance for young people which is only going to further mess up future generations. China's in trouble and it doesn't even know it yet.

 

[BanGy.nz]

oh, well still. They'll never beat us.

You're kidding right?

 

[Averon]

We'll all be in our 30's and 40's (some members will be in their 60's) by then. That is if you exclude the immanent global nuclear holocaust.

Being on NeoGAF when I'm 46 seems kinda depressing.

 

[Kabouter]

How does the United States have such a big economy? Is it our 700 military bases and imperalism?

Early industrialization, massive natural resources, cheap land, large population that grew rapidly during industrial development so labour could keep up with demand. And of course the fact that the whole world was in ruins in 1945, and the United States was unharmed, so the US got to make up half the world economy.

 

[industrian]

It's quite crazy how the European Union and United States make up over 50% of the world's GDP. Considering we're less than 1/6th of the planet's population and all.

 

[weekend_warrior]

I don't see China passing us by 2030 because the demographic shift WE'RE experiencing and going to continue to experience with older people and fewer employees competing for jobs is going to be 10x worse in China thanks to decades of their "1 child" policy and a cultural preference for boys leading to a significant reduction in available girls. They're going to grow up and essentially be part of a society with a huge demographic imbalance (as people in China are living longer already and we have every reason to believe will continue to do so) and a huge gender imbalance for young people which is only going to further mess up future generations. China's in trouble and it doesn't even know it yet.

Plus they're Commies.

edit: A lot of people seem surprisingly angry with me for saying I don't think Chinas economy will surpass ours. Are people like, routing for China or something?

 

[industrian]

Their relationship with Africa is disheartening to say the least, you'd think the continent would be weary of signing away its natural resources considering its history of being exploited.

I'm pretty sure that the leaders of the African countries involved don't care as long as they get their gold-plated limousines and palaces.

 

[Kabouter]

It's quite crazy how the European Union and United States make up over 50% of the world's GDP. Considering we're less than 1/6th of the planet's population and all.

It's crazy perhaps, but not surprising in the least given the events of the 15th-19th centuries.

 

[ElectricBlue187]

I don't see China passing us by 2030 because the demographic shift WE'RE experiencing and going to continue to experience with older people and fewer employees competing for jobs is going to be 10x worse in China thanks to decades of their "1 child" policy and a cultural preference for boys leading to a significant reduction in available girls. They're going to grow up and essentially be part of a society with a huge demographic imbalance (as people in China are living longer already and we have every reason to believe will continue to do so) and a huge gender imbalance for young people which is only going to further mess up future generations. China's in trouble and it doesn't even know it yet.

plus tons of Chinese girls are sent east to factory towns while in the west the boys stay home to work on the farm. Shit's crazy :lol

 

[SmokeMaxX]

shit needs to be more expensive. We have an overabundance of crap in america

You can pay for all that expensive stuff. Nine times out of ten, I'd rather Chinese items that are 1/4th the cost of American equivalents. Sure Chinese items might break, but if I bought two more of the same item, I'd still come out ahead in terms of money. And that's not even considering the amount I save if the foreign item works properly.

 

[Gaborn]

Plus they're Commies.

Actually practically speaking they're mixing in enough free market opportunities they're much closer to being nominally fascist than communist.

 

[industrian]

It's crazy perhaps, but not surprising in the least.

True, we're the highest educated people on the planet. All of our economic superiority stems from this.

 

[Kabouter]

True, we're the highest educated people on the planet. All of our superiority stems from this.

Really? I thought it was mostly having a massive head start and us having built all the institutions in favour of our continued economic supremacy.

 

[Shao Kahn Brewing a Stew]

Japan got beat? Damn! Mass Harakiri!

 

[Gaborn]

Really? I thought it was mostly having a massive head start and us having built all the institutions in favour of our continued economic supremacy.

China's been around a LOT longer than the United States.

 

[harSon]

I'm pretty sure that the leaders of the African countries involved don't care as long as they get their gold-plated limousines and palaces.

For much of the continent, pretty much. The relationship doesn't completely fall under the colonialism banner, but it's damn near close. China's biggest African partner, Angola (which is less than a decade removed from civil war), has seen some impressive growth thanks to its relationship with China (http://www.skyscrapercity.com/showthread.php?t=1087433) but it's not surprising to see that benefits to African soil are predominantly superficial and heavily tilted in China's favor (http://online.wsj.com/article/SB10001424052748704388504575418990791137242.html).

 

[BocoDragon]

On a related note, I'm taking a Mandarin class this coming semester... Gotta keep up.

 

[Kabouter]

China's been around a LOT longer than the United States.

And how long have they been industrialized? That was my point.

 

[ElectricBlue187]

China's been around a LOT longer than the United States.

they've also been a third world country for most of the past 200 years

 

[Calantus]

Chinas GDP to population is a joke.

 

[BocoDragon]

Chinas GDP to population is a joke.

Don't encourage them.

 

[Gaborn]

And how long have they been industrialized? That was my point.

Right. It's the US's fault Chinese society didn't become Westernized. It's also probably the US's fault China withdrew from the world after their cultural revolution. The US has the best educated population because they remained engaged in the world and did everything they could to make them so educated. China apparently chose not to.

 

[El Sloth]

Shows how out of touch I am with current events at the moment, but I was under the impression that China was already the 2nd largest economy on the world.

 

[ElectricBlue187]

Chinas GDP to population is a joke.

worse than Peru. Look at Norway, maybe I should move...


1 Luxembourg 83,978
- Macao 58,262
2 United Arab Emirates 57,821
3 Norway 55,672
4 Singapore 50,701
5 Brunei Darussalam 48,995
6 United States 46,436
7 Kuwait 46,079
8 Switzerland 44,717
- Hong Kong 43,862
9 Ireland 41,282
10 Netherlands 40,715
11 Australia 39,231
12 Austria 38,749
13 Canada 37,945
14 Sweden 37,905
15 Iceland 37,602
16 Denmark 36,763
17 United Kingdom 36,496
18 Germany 36,449
19 Belgium 36,048
20 France 34,689
21 Finland 34,652
22 Bahrain 34,274
23 Spain 32,545
24 Japan 32,443
25 Italy 31,909
26 Equatorial Guinea 31,837
27 Greece 29,664
28 New Zealand 28,722
29 Israel 27,673
30 Cyprus 27,526
31 Korea, South 27,169
32 Slovenia 27,008
33 Trinidad and Tobago 25,698
34 Czech Republic 25,232
35 Oman 24,773
36 Portugal 24,021
37 Saudi Arabia 23,429
38 Malta 22,923
39 Slovak Republic 22,357
40 Croatia 19,803
41 Hungary 19,765
42 Seychelles 19,614
43 Estonia 19,457
44 Poland 19,059
45 Russian Federation 18,945
46 Antigua and Barbuda 18,716
47 Lithuania 16,743
48 Libya 16,526
49 Latvia 15,412
50 Argentina 14,559
51 Gabon 14,436
52 Saint Kitts and Nevis 14,420
53 Mexico 14,337
54 Chile 14,331
55 Romania 14,198
56 Malaysia 13,981
57 Turkey 13,904
58 Uruguay 13,208
59 Montenegro 13,117
60 Panama 13,090
61 Botswana 13,076
62 Lebanon 12,960
63 Bulgaria 12,888
64 Mauritius 12,861
65 Belarus 12,569
66 Venezuela 12,341
67 Serbia 11,611
68 Iran 11,575
69 Kazakhstan 11,526
70 Costa Rica 11,122
71 Macedonia 10,824
72 Brazil 10,427
73 South Africa 10,291
74 Azerbaijan 9,652
75 Saint Lucia 9,622
76 Saint Vincent and the Grenadines 9,183
77 Colombia 8,870
78 Dominica 8,851
79 Peru 8,647
80 Bosnia and Herzegovina 8,529
81 Dominican Republic 8,446
82 Grenada 8,365
83 Tunisia 8,284
84 Ecuador 8,280
85 Albania 8,246
86 Algeria 8,184
87 Thailand 8,004
88 Jamaica 7,619
89 Suriname 7,342
90 Turkmenistan 7,252
91 El Salvador 6,721
92 China 6,675

 

[norinrad]

Who cares,

Japanese women >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Chinese women unless said Chinese women were brought up in the west.

oh and NOOOOOOOOOO our beloved country of Japan is in trouble, please send in more JETs

 

[Lonely1]

The list of top 15 for 2009. Who else we will need to swap for 2010?

— European Union 16,180,000
1 United States 14,430,000
2 Japan 5,108,000
3 China 4,814,000[2]
4 Germany 3,273,000
5 France 2,666,000
6 U.K. 2,198,000
7 Italy 2,090,000
8 Brazil 1,499,000
9 Spain 1,466,000
10 Canada 1,335,000
11 Russia 1,232,000
12 India 1,095,000
13 Mexico 1,017,000
14 Australia 930,000
15 South Korea 809,700

 

[Lebron]

edit: A lot of people seem surprisingly angry with me for saying I don't think Chinas economy will surpass ours. Are people like, routing for China or something?

No, but it's going to happen in our lifetime(unless 2012, robots, meteor, four horseman). So get over it.

 

[Defuser]

Cartman was right!!!!