Posted on 12/27/2017 6:47:02 AM PST by x1stcav
According to research from the Center for Economics and Business Research in London, China will overtake the United States as the world’s largest economy by 2032.
“In 2032, three of the four largest economies will be Asian – China, India, and Japan,” Bloomberg News points out, citing CEBR’s research.
India will pass the United Kingdom and France next year, and will pass Germany by 2027. South Korea and Indonesia will knock G7 nations Italy and Canada out of the Top Ten list by 2032.
Writing at Bloomberg View in October, Noah Smith argued that China has already surpassed the United States economically and is “pulling away.” He based this argument on China’s superior manufacturing output and the “purchasing power parity” adjustment, which essentially argues that China’s Gross Domestic Product is “systematically undercounted” because as a developing nation it has much lower prices for many of its goods.
(Excerpt) Read more at breitbart.com ...
Maybe I haven't been paying attention and all of these things have happened.
Because our kids are SO STUPID from HORRIBLE Public School Education and Terrible Colleges!
Would not bet the farm on this
When the Chinese Bubble Pops it’s going to be Ugly
We’re coming out of our malaise and the Chinese are going DOWN!
Maybe they’ll take over the cost of defending the rest of the world too.
Yeah, especially the sea lanes so their oil deliveries can continue to be subsidized.
Hmmm....that the same year that half the population will be over 50. I wonder how that will work out?
Wait till half a billion people are over 70 and get back to us. Soylent green anyone?
In fact it's pitiful.
This is actually a good talking point re the recent tax legislation.
“This new tax law will help ensure the USA’s economy doesn’t get overtaken by the Chinese. Do you have a problem with the USA being second to none?”
Wait, Japan was to overtake us in 1990 . . . then China in 2007 or 2008.
Every year, we get the dreaded “gonna overtake us” news, always a different country, then always pushed back a couple of decades.
Gordon Chang has a somewhat older book called “The Coming Collapse of China.” While I don’t think this is imminent, I do think he raises serious concerns about the ability of the chicoms to either survive or make a transition.
By 2025 the races will have completely mixed and everybody will be the same color.
The North Pole will be ice free by 2014.
By 2000, everyone will own and use flying cars.
The world will be about four degrees colder...in 1990, but 11 degrees colder by the year 2000,”
By 2010, some 50 million “climate refugees” will be frantically fleeing from 'sea-level rise' regions of the globe...
Always something.
With 2 billion mouths to feed.
No chance China will over take the US, China is currently $40 Trillion + in debt, borrowed more than double the US has in the time frame since 2008, China will implode long before 2032, China also can’t sustain massive amounts of debt over the long term like the US can, the only reason China has grown so fast (on paper) is because they borrow huge amounts and build stuff nobody can afford to live in, hence dozens and dozens of empty ghost cities, building things like cities, railways, airports etc, is the fastest way to grow your GDP, but pointless as most of that infrastructure lies unused and rusting/rotting away... All that’s left at the end is one huge steaming pile of toxic debt.
The Chinese may have aspirations of taking over Africa for agricultural and mining prospects.
“We Will Bury You” - Part Deux
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