Is China now the main stake holder in the world's economy? If not will they soon be?
China-world domination ?
I don't think so. Things here in the USA are getting better I think....or at least less bad. Communist China lies about most everything so I suspect much of their economic news is false.
For example, many people trapped inside communist. mainland China think the Dalai Lama is an evil slave master and a mountain of other such nonsense lol.
Also, China has 4x as many people to feed and horrible environmental problems. Even if their economy as an entire nation someday surpasses the USA their per capita will still be way way lower.
I would not narrow it down so finely to just China. I would say a great deal of financial strength and economic leverage is shifting to the far east, including China, Japan, and Southeast Asia. These countries will be competing against one another without much thought of the backwater military republic struggling to stay solvent to their east.
China is producing more goods than most of the countries. Its position as the factory of the world is undeniable. However, simply having more output of manufactured goods is not enough for being a major stakeholder in the global economy. The Major portion of any developed country’s GDP is coming from services NOT manufactured goods and trends indicate that this shift from manufacturing to service is unlikely to change.
Even maintaining the current rate of growth China will take several decades to match GDP of the USA. I agree with MissingLink that matching per capita will be even a harder goal.
China has horded more Gold than any country in the world for the last 20 years. Most mining companies holdings are owned by the Chinese government. They are trying to create a currency that is completely backed by Gold like the USA was prior to the Federal Reserve Hijacking our money. Yes, the Chinese are now the main stock holders in the world economy.
Thanks very much m peavy ,thats very interesting. I do often wonder why our previous UK Gov sold off third of our gold reserves when at rock bottom prices. Regards C
China’s total gold reserve is currently ranked 5th in the world behind the USA while per capita gold reserve ranking is 28th. The reason China and India are buying gold because both country’s economy has improved significantly in last 20 years.
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