"China is but puny little plate on the large tablecloth that is Mother Russia...HA HA HA!!!"
Posted on 12/18/2007 6:16:08 PM PST by Kaslin
Competition: The common wisdom is that China's large and fast-growing economy could overtake the U.S. as soon as 2012. Not so fast. New data suggest China's not quite as big as economists once thought.
At $5.3 trillion based on 2005 data, China's economy is still No. 2. But it has considerably more ground to make up before passing the U.S. in absolute size — if, in fact, it should ever do so. Total world output in 2005 was $55 trillion. The U.S. produced $12.4 trillion of that — with a population only one-fourth the size of China's.
How did these new data come about? The World Bank uses what's called Purchasing Power Parities — PPP for short — to figure how big an economy is. Basically, it surveys a market basket of some 1,000 goods and services, and sees how much of each people in those countries can actually buy in their own currency.
Doing this around the world, the bank discovered that 12 economies make up more than two-thirds of the world's GDP. Seven of those are so-called high-income economies — the U.S., Japan, Germany, the U.K., France, Italy and Spain.
Five are "transitional" economies — Brazil, Russia, India and China (the so-called "BRICs") plus Mexico. Together, they make up about 20% of output.
(Excerpt) Read more at ibdeditorials.com ...
Bump
Neither was the USA in 1807!
I LMAO when clintoon was talking about a computer for ever Chinese. Most of them would like to have heat and indoor plumbing.
Excellent point!
I know of no chinese pheasants. Especially any that want ot be indoors, with heat and plumbing, or otherwise.
I stand corrected:
CHINESE PHEASANT WITH ONIONS 1 pheasant, cleaned
2 bunches green onions
1 tbsp. soy sauce
1 tbsp. sesame oil
1 tsp. salt
1/2 cup peanut oil
Rice, cooked
Water chestnuts (optional)
Cook pheasant until tender; remove bones; tear meat into small strips and place on large platter. Clean onions, split length-wise and cut into 1/2-inch pieces. Place onions over the mound of pheasant meat; pour soy sauce and sesame oil over phesant and salt. When read to serve, pour 1/2 cup smoking-hot peanut oil over onions and meat, toss like a salad and serve over cooked rice. Add water chestnuts if desired.
nor was it an atheistic, communistic, inbred tribe.
I may have misread it, but did they try and say that PPP is more accurate for comparing sizes of economies? Or did they switched from using PPP to GDP? It was my understanding that the PPP equates eating rice with eating steak, so it would overstate developing economies.
Is anoyone able to clarify this for me?
I spend about 1/3rd of my life in China, and most Chinese have heat (if needed - down around HK you don't need heat but 3-4 days a year) and indoor plumbing.
China's not quite as backwards as many FReepers seem to think...
That never stopped them before!
Seriously, China has a long, looong history. And a vast population. There is piety in China, and capitalism, and I don't even know what you mean by "inbred" Chinese. They had a communist system 2000 years ago, they survived it. When they tire of the current fraud of communism, they'll toss it off.
They have something a nation can't survive without, and which we here are quickly losing: a sense of nationalism, of the superiority of their culture and nation.
China is not going away. I'd say more but why depress us both.
: )
Whatever you say,
The Kennedy's came later.
"China is but puny little plate on the large tablecloth that is Mother Russia...HA HA HA!!!"
You might want to consider Shenzhen, next to Hong Kong, or maybe Sanya, or even the original city I posted, Hong Kong. Nanning, Haikou, even Xiamen.
A lot of Southern China is like Hawaii - you don't really need a furnace or heater. If it's cold - a most a half dozen days of the year - you wear extra clothes. Consider that Southern China is right in line with Northern Philippines - it's balmy year-round.
That said, all the places I've been to in the East and North of China - Shanghai, Dalian, Beijing, Nanjing, Suzhou, Wuxi and many more - heat is available in apartments and houses.
Oh, and they have plumbing too...
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