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China powering world economy

  • #1
  • First Post: Jul 27, 2007 4:32am Jul 27, 2007 4:32am
Very interesting article in Washington Post.

China, this year for the first time, has dislodged the United States from its long reign as the main engine of global economic growth, with its more than 11 percent growth eclipsing sputtering U.S. growth of about 2 percent, according to the International Monetary Fund's 2007 projections released yesterday.

http://www.washingtontimes.com/apps/...107260073/1001
  • #2
  • Jul 27, 2007 7:02am Jul 27, 2007 7:02am
An historic transfer of power I think and one which will continue.

Thanks for posting.

Russia, India and China accounts for half of all global growth!
  • #3
  • Jul 31, 2007 3:40am Jul 31, 2007 3:40am
I think this countries will strongest in the future.
USA already lost it's positions in the world.
  • #4
  • Jul 31, 2007 3:48am Jul 31, 2007 3:48am
Just fullfilling the astrological timetable where we enter into the age of aquarius and the east takes over, not just in economy but in spirituallity as well. Look at how popular yoga, meditation and herbal medicines have become in the last ten years. God created the heavens and the earth but wrote us a map in the stars. Very exciting time to be alive.
Just Trade It
  • #5
  • Jul 31, 2007 4:31am Jul 31, 2007 4:31am
But Americans still hold the oil....empowering the empowered?
  • #6
  • Jul 31, 2007 4:58am Jul 31, 2007 4:58am
Quoting squaw
I think this countries will strongest in the future.
USA already lost it's positions in the world.
well when you have the 3 richest segments of the world economy [US, Europe, Japan] constantly pouring insane amounts of money into the country, year after year for ~20 years already, it sounds kind of inevitable... doesn't it?
  • #7
  • Jul 31, 2007 7:58am Jul 31, 2007 7:58am
China produces cheap manufactured goods and smog - all purchased by the West.
Russia produces raw commodities and smog - all purchased by the West
India produces cheap outsouricing of phone support - all purchased by the West.

China is powering World economy ???
You guys make me laugh
  • #8
  • Jul 31, 2007 8:16am Jul 31, 2007 8:16am
IRUSOH,

I agree with you totally, Im from India myself and i know how my country is..its just emty talk and blank papers.

Its just the west wants that the world is following...even if china becomes super power..every illigal emmigrant still would want to go to US OF A

Its western civilisation..the world has to be totally destroyed for any new era to occur untill then its all west
  • #9
  • Jul 31, 2007 8:24am Jul 31, 2007 8:24am
Quoting irusoh
China produces cheap manufactured goods and smog - all purchased by the West.
Russia produces raw commodities and smog - all purchased by the West
India produces cheap outsouricing of phone support - all purchased by the West.

China is powering World economy ???
You guys make me laugh
it is semantics... when you put gas in a car tank... what is powering the car? The gas or the engine? One could argue either or both...

But no one can argue that the rest of the world is dumping their "gas" (cash) into the rather large engine that is the Chinese economy.
  • #10
  • Jul 31, 2007 8:39am Jul 31, 2007 8:39am
China has considerable influence right now but that will level off in years to come. Their economy is run by illegal copying of patented and copyrighted goods, cheap labor, less than worker-friendly worker conditions, an aritifically supressed currency and an infant banking system.

They will be forced to play on similar terms of trade and business in the decades to come. This will level things out somewhat.

India is another one to watch.
  • #11
  • Jul 31, 2007 8:41am Jul 31, 2007 8:41am
Quoting ycomp
it is semantics... when you put gas in a car tank... what is powering the car? The gas or the engine? One could argue either or both...
to paraphrase (no offense).
It's the ENGINE, stupid.

If there is no gas, engine will be powered by ethanol, water, fuel cell, electric, etc.
But if there is no engine, you can have all the gas in the world, blaaa

Just like you said yourself, after pouring all this technology into China finally something coming out of it.
No denying that China has a lot more weight in the World than it used to.
It is good for US and Europe. Better have a trading partner than a military adversary.
  • #12
  • Jul 31, 2007 8:44am Jul 31, 2007 8:44am
ok, the "fuel" or the engine... the engine can't run on nothing.
  • #13
  • Jul 31, 2007 8:46am Jul 31, 2007 8:46am
Quoting Big Wave Rider
Just fullfilling the astrological timetable where we enter into the age of aquarius and the east takes over, not just in economy but in spirituallity as well. Look at how popular yoga, meditation and herbal medicines have become in the last ten years. God created the heavens and the earth but wrote us a map in the stars. Very exciting time to be alive.
verry intresting analysis

now, seriuosly, the emerging markets grows on the back of the developed countries, and in order to over-take them, there must be some major shifts in the global economy.
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #14
  • Jul 31, 2007 8:46am Jul 31, 2007 8:46am
Quoting irusoh
No denying that China has a lot more weight in the World than it used to. It is good for US and Europe. Better have a trading partner than a military adversary.
I know... it's great to have a country that can say F* you to the Americans and not care about the consequences Very few can and do.

What I mean is that if the US wants something, most countries will give it to them. If China doesn't want, it doesn't have to. Russia's kinda doing the same thing now too. It's good to see...
  • #15
  • Jul 31, 2007 8:49am Jul 31, 2007 8:49am
Quoting semar
verry intresting analysis

now, seriuosly, the emerging markets grows on the back of the developed countries, and in order to over-take them, there must be some major shifts in the global economy.
... and the stars
  • #16
  • Jul 31, 2007 8:54am Jul 31, 2007 8:54am
Quoting ycomp
I know... it's great to have a country that can say F* you to the Americans and not care about the consequences Very few can and do.

What I mean is that if the US wants something, most countries will give it to them. If China doesn't want, it doesn't have to. Russia's kinda doing the same thing now too. It's good to see...
Ah, here it is.

Just another green with envy America hater. :
  • #17
  • Jul 31, 2007 9:05am Jul 31, 2007 9:05am
Quoting irusoh
Ah, here it is.

Just another green with envy America hater. :
no, I said nothing about hating Americans... it is just nice to have a bit of equilibrium in the world.
  • #18
  • Jul 31, 2007 9:34am Jul 31, 2007 9:34am
Quoting ycomp
no, I said nothing about hating Americans... it is just nice to have a bit of equilibrium in the world.
Well, you are dreaming about country that can say F* to americans.
What does it tell me?
If you want "equilibrium" in the world, why not dream about China opening up to democracy and allowing a free flow of brilliant ideas just like America does.
  • #19
  • Jul 31, 2007 9:47am Jul 31, 2007 9:47am
Quoting irusoh
Well, you are dreaming about country that can say F* to americans.
What does it tell me?
If you want "equilibrium" in the world, why not dream about China opening up to democracy and allowing a free flow of brilliant ideas just like America does.
Econonics, Politics, Human Happiness and Suffering.
It's all connected, that's for sure.
It's a heated topic and as an American I also have strong opinions.
But, objectivity will give this good thread longevity and good
discussion. Just my opinion.


FXS
  • #20
  • Edited 10:09am Jul 31, 2007 9:52am | Edited 10:09am
Calm Down, Calm Down.

No one in China wants to take US's place in the world. But the world needs equilibrium itself. One-Pole system is no longer popular in the world.

In our Chinese leaders' words, Let's make a harmonious society. LOL
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