Posted on 07/26/2007 6:56:20 AM PDT by Lou L
By John E. Carey
Peace and Freedom
July 26, 2007
On July 25, 2007, the International Monetary Fund released its 2007 projections. Those numbers indicate that 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.
That same day, China accused the United States of deliberately misleading the public after the US military said it had found Chinese-made missiles in Iraq that were probably smuggled in from Iran.China accused the U.S. of “ulterior motives.”
The Chinese Foreign Ministry response to the U.S. claim included a strong statement of China’s lawful conduct. “The Chinese government takes a scrupulous and responsible attitude to the export of its arms,” the statement said.
Meet China: “No More Mister Nice Guy.”
(Excerpt) Read more at johnibii.wordpress.com ...
Maybe I missed it: when was China EVER “Mr. Nice Guy” ???
Communists always use this percent growth crap, always have. Let's see, if my economy is $100 and it grows to $112, that's a 12% increase, but, if my economy is $100 trillion and grows by another 2 trillion, that's only 2%.
“Those numbers indicate that 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”
IIRC that 2 percent growth of ours exceeds their entire economy.
Hey, they whacked the guy. What else do you want?
Perhaps more importantly, according to figures from the CIA, on a purchasing power parity basis, China was number two last year and catching up quick to us.
Declaration of importation of food from China as prohibited by Congress - until such time the FDA can get its act together and enforce "country-of-origin" labeling on all foodstuff - in particular meat and fish.
When our exceptionally moronic leaders declared them "most favoured nation".
Actually, no. Their number is around $2.8T. Our number is around $13T. 2% US growth comes to $260B - just a little less than 10% of Chinese GDP.
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