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Jjdoc
Columbia Fan
Cali
Member since Mar 2016
17829 posts

Bloomberg: China Economy is now #1 in the world
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quote:

China has passed the U.S. and is pulling away.


quote:

In other words, not only is China already the world’s largest economy, the gap between it and the U.S. can be expected to grow even wider. This continues to be borne out in the growth statistics -- though China has slowed in recent years, its economy continues to expand at a rate of more than 6 percent, while the U.S. is at just over 2 percent. If that disparity persists, China’s economy will be double that of the U.S. in less than two decades.



XI, now for all practical purposes a dictator, laid out a 30 year plan. One of part of that is to become the worlds largest and strongest army "built for war". He has assumed absolute control of the army.

They are expanding their military. a Major push. Xi has replaced 20 top military commanders with people he has hand picked.

The navy is set to get a threefold increase in marines in the next several years. It is also extending its military presence further afield, setting up a base in Djibouti on the Horn of Africa.

China is already starting to build its own military hardware. It has developed the J-20 stealth fighter and the new generation J-16 strike jet fighter.




HailHailtoMichigan!
Michigan Fan
Trabuco Canyon, CA
Member since Mar 2012
46458 posts
 Online 

re: Bloomberg: China Economy is now #1 in the world
I, for one, find it shocking that a nation with 4 times as many people as America has a larger economy.

Such a misleading stat. GDP/capita in China is still grindingly poor.

Outside of the cities, china is africa with smaller dick and smaller people.


Jjdoc
Columbia Fan
Cali
Member since Mar 2016
17829 posts

re: Bloomberg: China Economy is now #1 in the world
They are not using GDP to avoid that. Forbes agrees with Bloomberg too.


If you go by GDP, they are #2.

quote:

Gross domestic product is supposed to measure the amount of real stuff -- cars, phones, financial services, back massages, etc. -- that a country produces. If the same phone costs $400 in the U.S. but only $200 in China, China’s GDP is getting undercounted by 50 percent when we measure at market exchange rates. In general, less developed countries have lower prices, which means their GDP gets systematically undercounted.

Economists try to correct for this with an adjustment called purchasing power parity (PPP), which controls for relative prices. It’s not perfect, since it has to account for things like product quality, which can be hard to measure. But it probably gives a more accurate picture of how much a country really produces. And here, China has already surpassed the U.S.


TigersHuskers
Nebraska Fan
Nebraska
Member since Oct 2014
7629 posts

re: Bloomberg: China Economy is now #1 in the world
The globalist scum wanted this.


starsandstripes
Army Fan
Georgia
Member since Nov 2017
11897 posts

re: Bloomberg: China Economy is now #1 in the world
quote:

setting up a base in Djibouti on the Horn of Africa.



Very interesting to see how that plays out.


Lsuchs
LSU Fan
Member since Apr 2013
8071 posts

re: Bloomberg: China Economy is now #1 in the world
Is it normal for a country to base two competing nations?
This post was edited on 3/2 at 1:00 am


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Cruiserhog
Arkansas Fan
Little Rock
Member since Apr 2008
10267 posts

re: Bloomberg: China Economy is now #1 in the world
and Trump pulled us out of TPP which would have ensured our leadership of that regional agreement.

now China has filled the void created by our dumbass in chief.

this gap will only increase under Trump cuz like I said he is a dumbass and has done nothing but weaken this country's world leadership position since day one.



BradPitt
Syracuse Fan
Where the wild things are
Member since Nov 2009
10726 posts

re: Bloomberg: China Economy is now #1 in the world
Bloody chinamen!


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buckeye_vol
Ohio State Fan
Member since Jul 2014
29371 posts
 Online 

re: Bloomberg: China Economy is now #1 in the world
quote:

They are not using GDP to avoid that.
Well the author says it's a "better" way, but it just seems like by accounting for a flaw it just created a different one. Therefore, it's not better, it's just a different way to look at it.

For example, according to this metric, France's economy is only 25% larger than Mexico's and Mexico is on pace to pass it in about 13 years. Using Real GDP though, France is about 136% larger and Mexico is on pace to pass it in over 31 years.

So do you really think it's a better metric if it shows Mexico's economy is nearly the size of France's and close to passing it?

Besides, the World Bank also publishes the same metric but by per capita, and France is 139% higher than Mexico and the United States is 271% higher than China. I think this is a better comparison.

So his metric disproportionately benefits nations who have a large population so their GDP relatively high as a result but their per capita GDP is low. On the other hand, using the metric but by GDP still benefits smaller highly developed nations, but it provides a better comparison than GDP per capita as the US would be 610% higher rather than the 271%.

I think they all provide useful insight, but I take issue with him arguing it's better.


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100
IceTiger
USA Fan
Really hot place
Member since Oct 2007
17742 posts
 Online 

re: Bloomberg: China Economy is now #1 in the world
quote:


and Trump pulled us out of TPP which would have ensured our leadership of that regional agreement.

now China has filled the void created by our dumbass in chief.

this gap will only increase under Trump cuz like I said he is a dumbass and has done nothing but weaken this country's world leadership position since day one


Do you breathe air?

Status quo put us in a situation of being financially competitive with China...we have to stop buying their crap


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143
gthog61
Georgia Tech Fan
Irving, TX
Member since Nov 2009
35864 posts

re: Bloomberg: China Economy is now #1 in the world
You are fricking stupid beyond belief


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unbeWEAVEable
Chicago Cubs Fan
The Golf Board Godfather
Member since Apr 2010
13511 posts

re: Bloomberg: China Economy is now #1 in the world
quote:

and Trump pulled us out of TPP which would have ensured our leadership of that regional agreement.

now China has filled the void created by our dumbass in chief.

this gap will only increase under Trump cuz like I said he is a dumbass and has done nothing but weaken this country's world leadership position since day one.


I don’t come to the Poli Board all that often, primarily because of people like you.

I understand being vehemently against someone or something, which is fine, but you take it a step further. Not one of your posts I have seen is rational; instead, you attack an individual or name call, just because you disagree with them. Your simple-mindedness is astounding.


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192
bayoumuscle21
LSU Fan
Baton Rouge
Member since Jan 2012
2399 posts

re: Bloomberg: China Economy is now #1 in the world
quote:

and Trump pulled us out of TPP which would have ensured our leadership of that regional agreement.

now China has filled the void created by our dumbass in chief.


It is incredible how much you post and know nothing


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103
90proofprofessional
LSU Fan
Member since Mar 2004
20737 posts

re: Bloomberg: China Economy is now #1 in the world
quote:

I, for one, find it shocking that a nation with 4 times as many people as America has a larger economy.

Such a misleading stat. GDP/capita in China is still grindingly poor.

Outside of the cities, china is africa with smaller dick and smaller people.



Hail, bringing the level-headed, perspective-adding post!


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LSU Patrick
LSU Fan
Member since Jan 2009
46392 posts

re: Bloomberg: China Economy is now #1 in the world
quote:

and Trump pulled us out of TPP which would have ensured our leadership of that regional agreement.


Moron


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51
Stingray
LSU Fan
Shreveport
Member since Sep 2007
9789 posts

re: Bloomberg: China Economy is now #1 in the world
1. Use S Korea and Japan. USA to sell those countries more weapons to help the balance of power.

2. Protect American manufacturing, we have to have some manufacturing aside from China as a national security interest.

3. Focus on improving the American workforce, instead of importing the workers or exporting the jobs.

We do that, and we maintain influence.


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91
Deuces
LSU Fan
The bottom
Member since Nov 2011
6918 posts

re: Bloomberg: China Economy is now #1 in the world
I know this is a little off topic, but my buddy just got back from being stationed in Japan and he said everytime they hit the South China Sea, the Chinese tail them with a ship.

Apparently, everytime they do this we take two of our ships and block them off and drive them away many miles while our sailors shoot them the bird from the deck.

Long story short, we still own China.


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TigerBalsagna
LSU Fan
tRedStick
Member since Jan 2015
180 posts

re: Bloomberg: China Economy is now #1 in the world
Someone post Chinas Nominal vs Real GDP, and GDP per capita.


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Dawgfanman
Member since Jun 2015
5098 posts

re: Bloomberg: China Economy is now #1 in the world
The 1/2 billion people who don’t live in Chinese cities just woke up, took a shite into a patch of tall grass, walked down to the river to get some water to cook their govt rice allocation and celebrated this. The other 1/2 billion in cities haven’t seen the news because they are in he middle of their 18 hour shift making plastic shite for us.


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111
Bass Tiger
Alabama Fan
Member since Oct 2014
7909 posts

re: Bloomberg: China Economy is now #1 in the world
quote:

The globalist scum wanted this.



I wonder how China went from a near 3rd world shite hole in the the 1970's-80's and somehow modernized their industrial/manufacturing base? They had to have help from some other shortsighted industrialized superpower to pull that feat off. One would think that a country with the accumulated wisdom from a hard fought revolution for religious and economic freedom, being somewhat victorious in 2 world wars and overcoming the struggles of a "Great Depression" would surely know better than to cut its own economic nuts off...., right? I guess not.

Sounds like the old woman and the snake story that Trump likes to tell.
This post was edited on 3/2 at 7:31 am


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