Thanks again to rHamsom for providing the seed for another forum thread.
Economists are predicting that in 2014 China will surpass the U.S. as the world's #1 largest economy. Now, they are not saying #1 economic power - does that make a difference?
China's past and current economic GDP growth puts America to shame - 7. something %, (China), to 1 or 2%, (U.S.).
But what does this mean? Just that China's economy is larger than the U.S.'s? Or does it mean China has more clout n the rest of the world?
Since actual economic efforts are measurable, other than than a "bragging rights" issue, what should be our concerns that China will soon be the world's largest economy?
My concern is that China will take over the whole world and I have no clue nor have the patience to learn how to speak Chinese.
What would really be all that bad about China being the world's largest economy? Sorry but I am highly uneducated in economics. Is it the impact on jobs, an ego buster for the U.S., or...?
China's rise to economic power should really not come as any surprise to anyone. We basically handed them this trophy with the anti-business attitude that has evolved in this country.
Government regulations have made US soil a very unfriendly place to start and operate any large manufacturing business. The labor unions make it even worse with their demands for high wages and outrageous benefits packages.
It would seem many in this country just don't understand that any product must sell for at least slightly more that it costs to produce if the company is to survive.
But that is called "profit" and we all know how evil and unfair making a profit is these days.
We polished our economic excellence trophy and handed it to China to eliminate the greed that so many hate. Soon we will all be poor and dependent on our government for survival and will live happily ever after.
Business sense tells me to exploit it. How can that become a strength for the US is the question. Should companies such as Amazon sell the crap out of what China manufacturers. The US is going towards service oriented business' such as medical and banking. If someone can figure how to combine the two they will have found El Dorado.
I have to pay more attention. I started another China#1 thread because I forgot about this one. Sorry folks. I will sit in the time-out chair later.
As for the question... I am still pondering the possible negatives to losing the #1 spot.
Other than the years old Taiwan dispute - China does not seem to have any obvious imperialistic or colonization ambitions. So, I don't see their soon-to-be-acquired #1 status to be a threat in those areas.
As their GDP grows, so does their citizen's Per Capita Income Is there a danger as China's citizen's escape their previous impoverished existence? Could this lead to more consumer demand for imported products, thus a boon to exporting nations - of which we are one? Could this possible enhanced "buying power" make China more influential on the world stage?
Just would change if the world's largest economy was China's?
by ga anderson 4 years ago
OK, Junko, here we go.Why is China's economic growth, and likely supplanting of the U.S. economy as the world's largest a conspiracy?Yes, sometimes forum exchanges do amount to a game, sometimes a relevant one and sometimes a waste of time. But we still have the choice to be players or...
by Beata Stasak 8 years ago
Do you think it is wise to praise the Chinese successful 'state capitalism' ?The China's semi-command economics are successful in times of the global recession and for some people it feels like the way to go. There is growing Chinese investment all around the world.Behind U.S. global expansion was...
by Ian Batanda 14 months ago
Just curious. Can China overtake the USA as economic super power?China is growing rapidly as a world economic giant. Will a day come when China will be the biggest economy in the world?
by fishskinfreak2008 8 years ago
Web-site/URL: http://www.cbsnews.com/8301-503983_162- … ?tag=stackConsidering the fact that CHINA thinks that they are the giants of the world and can do whatever they want when they want and without consequences, this wouldn't be a shock
by Ralph Schwartz 2 months ago
Davos just declared that America is great again. The World Economic Forum, which hosts the annual conference of global elites in Switzerland, said on Tuesday that the United States is the most competitive economy in the world.The U.S. has not held the number one spot since 2008, when the...
by ngureco 4 years ago
Whom should we blame that China is fast overtaking the U.S. as a leading economic power?
Copyright © 2019 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|