Wazua
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IMF: China officially the World's biggest economy
Rank: Veteran Joined: 2/3/2012 Posts: 1,317
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We can keep bashing them Chinese, but they are busy working building their nation. Deng Xiaoping's dream has finally come true Link
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Rank: Veteran Joined: 2/3/2012 Posts: 1,317
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Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
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Rank: Elder Joined: 11/14/2007 Posts: 4,152
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Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
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Ok.....so the GDP adjusted for PPP to make China beat USA, only one measure! The the GDP output itself, unadjusted, China does not come anywhere close to the USA. Same to GDP per capital ($55,000 for USA and $8,000 for China). Why is the GDP adjusted for PPP greater in China than in USA?.......Economists claim that China has been manipulating its currency to make it much cheaper than the dollar. With these facts in place can we still claim that China's economy is bigger than that of USA? ..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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Rank: Elder Joined: 10/4/2006 Posts: 13,821 Location: Nairobi
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McReggae wrote:Ok.....so the GDP adjusted for PPP to make China beat USA, only one measure! The the GDP output itself, unadjusted, China does not come anywhere close to the USA. Same to GDP per capital ($55,000 for USA and $8,000 for China). Why is the GDP adjusted for PPP greater in China than in USA?.......Economists claim that China has been manipulating its currency to make it much cheaper than the dollar. With these facts in place can we still claim that China's economy is bigger than that of USA? yeap.... bigger is bigger and it's just one measure... not the best measure but it is a significant statistic! All Mushrooms are edible! Some Mushroom are only edible ONCE!
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Rank: Elder Joined: 12/27/2012 Posts: 2,256 Location: Bandalungwa
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Kumbe wa Chinese pia wanajua ku-rebase
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Rank: Elder Joined: 4/9/2008 Posts: 2,824
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this has cometoo soon.... the Yankee econimists had two sets of dates when they would be overtaken by chingchong.... the pessimist have been saying by 2050, while the optimists have been citing 2025 as that date.... lakini sasa hii imekuja mapeeema .... even though the parameter used is being rubbished by some of us.... the FACT is that the yankees were ahead of everyone else as per this measure before the current report, which indicates they have been overtaken now @jahman.... its a matter of time before those other parameter you are citing are overhauled by chingchong When I have money, I get rid of it quickly, lest it find a way into my heart.
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Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
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kingfisher wrote:this has cometoo soon.... the Yankee econimists had two sets of dates when they would be overtaken by chingchong.... the pessimist have been saying by 2050, while the optimists have been citing 2025 as that date.... lakini sasa hii imekuja mapeeema .... even though the parameter used is being rubbished by some of us.... the FACT is that the yankees were ahead of everyone else as per this measure before the current report, which indicates they have been overtaken now
@jahman.... its a matter of time before those other parameter you are citing are overhauled by chingchong With their population, it will almost be impossible for them to match the per capita income of the USA, as the Chinese become as rich as their customers, nobody will be able to buy their stuff, they will no longer have the advantage of cheap labour and their rise will stall!!! ..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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Rank: Veteran Joined: 2/3/2012 Posts: 1,317
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McReggae wrote:kingfisher wrote:this has cometoo soon.... the Yankee econimists had two sets of dates when they would be overtaken by chingchong.... the pessimist have been saying by 2050, while the optimists have been citing 2025 as that date.... lakini sasa hii imekuja mapeeema .... even though the parameter used is being rubbished by some of us.... the FACT is that the yankees were ahead of everyone else as per this measure before the current report, which indicates they have been overtaken now
@jahman.... its a matter of time before those other parameter you are citing are overhauled by chingchong With their population, it will almost be impossible for them to match the per capita income of the USA, as the Chinese become as rich as their customers, nobody will be able to buy their stuff, they will no longer have the advantage of cheap labour and their rise will stall!!! Dude, you are barking up the wrong tree. This statistic has nothing to do with GDP per capita (which FYI the US is not the leader anyway). Its about GDP PPP which economists have found to be a better measure of the size of an economy as opposed to simply GDP.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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China was the largest economy in the world before the industrial revolution. They will surely reclaim they position. Life is short. Live passionately.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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McReggae wrote:Ok.....so the GDP adjusted for PPP to make China beat USA, only one measure! The the GDP output itself, unadjusted, China does not come anywhere close to the USA. Same to GDP per capital ($55,000 for USA and $8,000 for China). Why is the GDP adjusted for PPP greater in China than in USA?.......Economists claim that China has been manipulating its currency to make it much cheaper than the dollar. With these facts in place can we still claim that China's economy is bigger than that of USA? This article here will give you a more clear perspective. But dont be fooled China's economy is huge and part of it is not captured by data. http://www.bloomberg.com...-by-main-benchmark.html "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 12/4/2009 Posts: 1,982 Location: matano manne
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murchr wrote:McReggae wrote:Ok.....so the GDP adjusted for PPP to make China beat USA, only one measure! The the GDP output itself, unadjusted, China does not come anywhere close to the USA. Same to GDP per capital ($55,000 for USA and $8,000 for China). Why is the GDP adjusted for PPP greater in China than in USA?.......Economists claim that China has been manipulating its currency to make it much cheaper than the dollar. With these facts in place can we still claim that China's economy is bigger than that of USA? This article here will give you a more clear perspective. But dont be fooled China's economy is huge and part of it is not captured by data. http://www.bloomberg.com...-by-main-benchmark.html . Being a planned economy, China's rate of growth is nothing but phenomenal. Start at 1949 to date with no black skin labour or colonies. The sheer size of the economy of China vis a vis its population correlates to another great leap-forward, of the Maoist era. Remember the advantage of using PPP is based on local purchasing power not dollar purchasing power.
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Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
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Been wondering where the thread disappeared to! ..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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IMF: China officially the World's biggest economy
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