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>The one advantage of being an authoritarian state is >that China is able to develop a long term strategy >that will make it stronger in both "soft" and "hard" >power in the future. This has been evident since Deng >Xiaoping led the country in the 1980s. It is able to >promote economic growth in the areas that matter while >avoiding the burden of excessive military commitments >that are a drain on the economy like the USA and the >former USSR, or short term economic measures (that may >be detrimental in the longer term) that prevail in >most Western democracies. > >>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-fa >c >>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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