China the new superpower

Egginacup

It seems China has become the World's largest economy a lot quicker than 2020:

http://www.businessinsider.com/china-overtakes-us-as-worlds-largest-economy-2014-10

folan

in fairness, it always had an advantage over 2020.

Wibbs

Sustaining it will be the real trick to pull off. Too many of China's economic figures are "massaged" by their government for them to be of value, certainly not to be taken and printed as truth. They have the largest commodity bubble in history and their exports in a few areas are down from 5 years ago. It'll be interesting times ahead to see if they manage to navigate all this.

Uriel.

Egginacup wrote: »

It seems China has become the World's largest economy a lot quicker than 2020:

http://www.businessinsider.com/china-overtakes-us-as-worlds-largest-economy-2014-10

So are you saying we should go suck China's c0ck?

Birneybau

Blah, blah, great bunch of overlords.

Celly Smunt

Wibbs wrote: »

Sustaining it will be the real trick to pull off. Too many of China's economic figures are "massaged" by their government for them to be of value, certainly not to be taken and printed as truth. They have the largest commodity bubble in history and their exports in a few areas are down from 5 years ago. It'll be interesting times ahead to see if they manage to navigate all this.

This.There is a giant pin hovering above their bubble which could hit very soon.

BoJack Horseman

Has China not been an economic superpower for years?

Iwasfrozen

Thread title is a bit misleading. China isn't a superpower.

donegaLroad

Here is a great site for sourcing and ordering goods manufactured in China, pretty much everything under the sun is on here.


Alibaba

uch

So does that make "ChinaMan" the new superhero ?

BoJack Horseman

Iwasfrozen wrote: »

Thread title is a bit misleading. China isn't a superpower.

Economically its a superpower for sure, otherwise a 'regional' power.

Karl Stein

Celly Smunt wrote: »

This.There is a giant pin hovering above their bubble which could hit very soon.

I've been hearing this for over a decade now and I'm becoming less convinced it is economic analysis and more convinced it's propaganda. Also, since when have economic bubbles seen the end of capitalistic development?

The US/West has been managing bubbles for decades now so there's no reason the Chinese can't centrally manage any economic shock without having two sides of the business class arguing about how to do it, and dithering, like in the US/EU.

BoJack Horseman

Karl Stein wrote: »

I've been hearing this for over a decade now and I'm becoming less convinced it is economic analysis and more convinced it's propaganda. Also, since when have economic bubbles seen the end of capitalistic development?

The US/West has been managing bubbles for decades now so there's no reason the Chinese can't centrally manage any economic shock without having two sides of the business class arguing about how to do it, and dithering, like in the US/EU.

I agree.

China (whether through fair means or foul) has an iron grip on its currency & is completely unburdened by things like social services, environmental regulation & intellectual property rights.
GDP growth is all but certain.

She can ride storms as well as anyone else.

Egginacup

Wibbs wrote: »

Sustaining it will be the real trick to pull off. Too many of China's economic figures are "massaged" by their government for them to be of value, certainly not to be taken and printed as truth. They have the largest commodity bubble in history and their exports in a few areas are down from 5 years ago. It'll be interesting times ahead to see if they manage to navigate all this.

Not sure I follow you. Are you saying that the IMF have determined that China is the world's largest economy based on, well, China's say-so?