Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

China poised to pass US as world’s leading economic power this year
The Financial Times ^ | April 30, 2014 | Chris Giles, Economics Editor

Posted on 04/30/2014 1:46:29 AM PDT by 2ndDivisionVet

The US is on the brink of losing its status as the world’s largest economy, and is likely to slip behind China this year, sooner than widely anticipated, according to the world’s leading statistical agencies.

The US has been the global leader since overtaking the UK in 1872. Most economists previously thought China would pull ahead in 2019....

(Excerpt) Read more at ft.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: china; economy; obama; trade

1 posted on 04/30/2014 1:46:29 AM PDT by 2ndDivisionVet
[ Post Reply | Private Reply | View Replies]

To: 2ndDivisionVet

Another resume enhancement for comrade obama.


2 posted on 04/30/2014 1:55:42 AM PDT by clearcarbon
[ Post Reply | Private Reply | To 1 | View Replies]

To: clearcarbon

Yes, another epic failure. Obama wanted this to happen in 2009 but fundamental transformation took a few more years.


3 posted on 04/30/2014 2:01:31 AM PDT by the anti-mahdi
[ Post Reply | Private Reply | To 2 | View Replies]

To: 2ndDivisionVet

They did it without our freedoms, however. It’s easier that way.


4 posted on 04/30/2014 2:06:26 AM PDT by firebrand
[ Post Reply | Private Reply | To 1 | View Replies]

A volatile, fleeting lead it will be.


5 posted on 04/30/2014 2:15:55 AM PDT by Gene Eric (Don't be a statist!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

Destruction of the military, climate change, eating grass and bugs, income inequality, freedom for Palestine...these are more important.../s.


6 posted on 04/30/2014 2:17:52 AM PDT by Dallas59 ("Remember me as you pass by, As you are now, so once was I, As I am now, so you will be," -Epitap)
[ Post Reply | Private Reply | To 1 | View Replies]

To: firebrand

I disagree. Freedoms are essential for economic growth just like an economic growth is essential for more freedoms.
Poor people are generally more interested in freebies and handouts than freedoms, and free people prefers opportunities to excercise their freedoms for economic gains.
That is why economic sanctions are tyrants’ best gifts. They are frozing economic development in targeted nations, reducing demand for freedoms, and also allowing tyrants to blame external powers for their own mismanagement, uniting their populations behind said tyrants.


7 posted on 04/30/2014 2:37:04 AM PDT by wetphoenix
[ Post Reply | Private Reply | To 4 | View Replies]

To: 2ndDivisionVet

Marxism has that effect on an economy, as Commissar Obama knows only too well.

But, then, as all commissars always are, he’s comfortably tucked away in the White Dacha, while our congressional betters haul in their fat salaries and enjoy their perks and pleasures - all on the backs of working Americans.

The land of the free and the home of the brave has become the land of suckers and the home of leeches.

I wonder what Thomas Jefferson and George Washington would think of all this....


8 posted on 04/30/2014 2:38:33 AM PDT by Jack Hammer
[ Post Reply | Private Reply | To 1 | View Replies]

To: wetphoenix

They can outlaw labor unions, they can pollute the air as much as they want, they can steal patents from the West, they can basically do whatever they want, without a free and informed people to stop them.

They don’t really have Marxism anymore. They have the best (for them) of both systems: totalitarianism cum capitalism.


9 posted on 04/30/2014 3:09:17 AM PDT by firebrand (Proofreader wanted. M&M factory experience helpful.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: firebrand
They did it without our freedoms, however. It’s easier that way.

Freedoms? Talk to the Clippers owner about freedoms.
10 posted on 04/30/2014 4:03:10 AM PDT by Old Yeller (Why is Jon Corzine a free man?)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Old Yeller
Freedoms? Talk to the Clippers owner about freedoms.

Or the CEO of Mozilla. OR the Benghazi video guy. Or any of the groups Lerner sicced the IRS on.

11 posted on 04/30/2014 4:07:05 AM PDT by Sirius Lee (All that is required for evil to advance is for government to do "something")
[ Post Reply | Private Reply | To 10 | View Replies]

To: 2ndDivisionVet
I remember when China's economy was moribund and the US was the world's economic power.

Add a bit of capitalism to the Chinese economy, and add a whole lot of communism to the US economy and you get a reversal of order.

12 posted on 04/30/2014 4:47:11 AM PDT by Amagi (Lenin: "Socialized Medicine is the Keystone to the Arch of the Socialist State.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

Free Traitors have absolutely ruined this country. There will be a reckoning.


13 posted on 04/30/2014 5:12:51 AM PDT by Count of Monte Fisto (The foundation of modern society is the denial of reality.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Amagi

“Add a bit of capitalism to the Chinese economy, and add a whole lot of communism (in the form of Agenda 21 policies) to the US economy and you get a reversal of order.

There, fixed it.

It’s been almost 2 decades of steady implementation of Agenda 21 and the results are exactly as it was intended.

““In order to save the planet, the group [GIM] decides: Isn’t the only hope for the planet that the industrialized civilizations collapse? Isn’t it our responsibility to bring this about? -UN Official, Maurice Strong


14 posted on 04/30/2014 5:37:03 AM PDT by Captain7seas
[ Post Reply | Private Reply | To 12 | View Replies]

To: Count of Monte Fisto

“Free Traitors have absolutely ruined this country. There will be a reckoning.”

Beginning with President George H.W. Bush, and continuing to the current administration, it has been the policy of the federal government to discourage industrial investment in the US while encouraging investment in other nation. The cumulative effect of our trade, environmental, energy, foreign aid, diplomatic, space exploration, regulatory, tax, immigration, and military policies has been the deindustrialization of the homeland to the benefit of China, Russia, and other nations. The loss of economic supremacy, and military supremacy which will inevitably follow, was a conscious choice of our ruling elites. Only one voice, Ross Perot, cried out against the trade policies while they were being implemented and he was dismissed by the media as a crackpot.


15 posted on 04/30/2014 5:55:22 AM PDT by Soul of the South (Yesterday is gone. Today will be what we make of it.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Soul of the South
Beginning with President George H.W. Bush

I think the plans were laid when "ex"-CIA commander Poppy Bush was the special envoy to Red China. The plan got under way when Bush became the de facto President in March, 1981 after the son of his best friend and business partner shot Reagan. Things went into overdrive under Bush's other son, Bill Clinton.


Pictured: The Bush Crime Family

16 posted on 04/30/2014 6:55:43 AM PDT by Count of Monte Fisto (The foundation of modern society is the denial of reality.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Soul of the South

I agree 100%.

America you cannot grow, sending manufacturing to China.

America needs to build stuff right here.

Bring back AMERICAN manufacturing. Now.


17 posted on 04/30/2014 7:00:03 AM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Cringing Negativism Network
Build it here!
18 posted on 04/30/2014 7:23:16 AM PDT by Dominick ("Freedom consists not in doing what we like, but in having the right to do what we ought." - JP II)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Dominick

Last year’s imports from China to America: 440 billion dollars.

Last year’s exports from America to China: 122 billion dollars.

America’s trade deficit just with China last year:

318 billion dollars.


19 posted on 04/30/2014 7:55:43 AM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
[ Post Reply | Private Reply | To 18 | View Replies]

To: 2ndDivisionVet

We could reverse this real fast. Just raise the import tariffs and cut income taxes by an equal amount.

Industry would return to the U.S. Americans would be employed again. China would be trying to figure out how to feed it’s population instead of challenging us militarily.


20 posted on 04/30/2014 8:37:45 AM PDT by DannyTN
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

We could reverse this real fast. Just raise the import tariffs and cut income taxes by an equal amount.

Industry would return to the U.S. Americans would be employed again. China would be trying to figure out how to feed it’s population instead of challenging us militarily.


21 posted on 04/30/2014 8:37:46 AM PDT by DannyTN
[ Post Reply | Private Reply | To 1 | View Replies]

To: Count of Monte Fisto

You’re not supposed to remember the details of that assassination attempt, citizen!


22 posted on 04/30/2014 9:04:06 AM PDT by 2ndDivisionVet (I will raise $2M for Cruz and/or Palin's next run, what will you do?)
[ Post Reply | Private Reply | To 16 | View Replies]

To: 2ndDivisionVet
You’re not supposed to remember the details of that assassination attempt, citizen!

I'll put it down the memory hole and remember it correctly next time.

23 posted on 04/30/2014 9:25:56 AM PDT by Count of Monte Fisto (The foundation of modern society is the denial of reality.)
[ Post Reply | Private Reply | To 22 | View Replies]

To: Sirius Lee; Old Yeller

I agree, of course, about what has happened to our own country. Can’t deny that we are losing some of our freedom. Just thought I would point out part of the reason China seems to be ahead.


24 posted on 04/30/2014 11:30:09 AM PDT by firebrand
[ Post Reply | Private Reply | To 11 | View Replies]

To: 2ndDivisionVet
The long-delayed event is expected to happen sometime next Tuesday afternoon about tea time.

OK. Without checking I'm guessing that there are 400 million Chinese citizens in the enterprise zones. Fine we have something like 300 million -- BUT! every citizen of America is in an enterprise zone.

There are probably 800 million Chinese citizens who are not yet included in all the economic glory of Red China.

Which reminds me..

When are the Chi-Coms going to pay the rest of what they owe us?

United States Free Enterprise, INC.

INVOICE

Your Treasury certificates are your payment receipts. Thank you.

25 posted on 04/30/2014 11:40:09 AM PDT by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson