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>China IS the second largest economy in the world at >this moment! Almost 2 times that of Japan! Just two or >three years ago, it was still the fourth or third >largest. Now, it IS the second! It will definitely >pass up the USA very soon, probably in ten to twenty >years. But in terms of GDP / capita, it is another >story. > >I am not particularly surprised by the size of their >economy, given that China has the largest population >and the Chinese are so good at doing business. This is >nothing new. > >What really surprises me is that China has also become >a world leader in so many areas of scientific >research, especially areas related to mathematics and >other pure sciences. The Americans still do much >better in the medical and applied areas, though. > >Will China become another Japan or Russia or both? > > >>A comparison of some Chinese and English-speaking >>countries in terms of GDP (purchasing power parity) : >> >>World GWP (gross world product): $70.65 trillion >>(2008 est.) >> >>United States $14.58 trillion (2008 est.) 20% of GWP >>China $7.8 trillion (2008 est.) 11% of GWP >>Japan $4.487 trillion (2008 est.) >>Germany $2.863 trillion (2008 est.) >>United Kingdom $2.281 trillion (2008 est.) >>Canada $1.336 trillion (2008 est.) >>Australia $824.9 billion (2008 est.) >>Taiwan $738.8 billion (2008 est.) >>Hong Kong $318.2 billion (2008 est.) >>New Zealand $118.9 billion (2008 est.) >>Macau $18.14 billion (2008 est.) >>Liechtenstein $4.16 billion (2007) >>Zimbabwe $2.292 billion (2008 est.) >> >>Source: >>https://www.cia.gov/library/publications/the-world-fac >t >>book/fields/2001.html >> >>Web site last updated on 19 March 2009 >> >> >>>>>>I would not be surprised to see the world being >>>>>>dominated by the Chinese in twenty years. I am >>>moving >>>>>>to the Far East in search of my Utopia ... >>>>>> >>>>>>>I have just come back after doing 3 months >>>>>consultancy >>>>>>>work in China. The EU is more restrictive on both >>>>the >>>>>>>individual person and businesses than the >>communist >>>>>>>government in China. Why do British people act so >>>>>>>blind or plead ignorance to the ways of the EU. >>Why >>>>>>>are they not voting to get out of an EU that is >>>>>likely >>>>>>>to destroy their way of life and put the values >>>they >>>>>>>hold dear into jeopardy. >>>>> >>>>>With its economy growing at 8%, it seems inevitable >>>>>that China will one day climb its way to the top of >>>>>the chain. In 2007 it overtook Germany to become >the >>>>>third biggest economy in the world, in a few >decades >>>>>time it will surpass Japan and the USA whose >>>economies >>>>>are now in chaos, especially Japan's. But for most >>of >>>>>human history China has been the world's largest >>>>>economy due to its population, so this is nothing >>>new. >>>> >>>>Undoubtedly sooner or later China will pass up Japan >>>>and the USA in the size of their economy. A few >>>>decades is probably right for the amount of time >that >>>>it will take to pass Japan, the United States will >>>>probably take a bit longer. Of course per capita GDP >>>>will take much longer.
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