Forget America, PH future bound with China

[uls]

if China's so great why do wealthy mainlanders send their kids to Harvard?

if China's so great why are wealthy mainlanders buying houses in the US?

if China's so great why are wealthy mainlanders transferring their wealth out of China?

[CVT]

Mautak din kasi talaga ang US,- hindi ginagamit ng full blast ang kanilang natural resources para pag may kaguluhan,- siguradong tuloy pa rin ang supply nila....

17.5K:bruce_lee:

[uls]

actually it's coz of the development of hydraulic fracturing (fracking) and horizontal drilling that made extracting crude oil from oil shale viable

[Monseratto]

if China's so great why do wealthy mainlanders send their kids to Harvard?

if China's so great why are wealthy mainlanders buying houses in the US?

if China's so great why are wealthy mainlanders transferring their wealth out of China?

Same thing with the more fun Philippines...hehehe...

[niky]

they have impressive buildings and bridges and airports and malls and high speed rail but most of their people are still poor

Even worse, once their population reaches median level, goodbye explosive growth (whatever explosive growth will remain after the current slowdown).

[uls]

Even worse, once their population reaches median level, goodbye explosive growth (whatever explosive growth will remain after the current slowdown).

China's wealth came from selling stuff to the West but demand has fallen

to offset declining foreign demand China has to increase domestic demand

but with low wages there's no way China's domestic consumption can replace foreign demand

so the govt has to spend to maintain GDP growth --- build more highways and buildings and bridges whatever (more ghost cities)

....... not impressed.....

[uls]

China has a billion more people than the US

but 300,000,000+ Americans consume more than 1,300,000,000+ Chinese

most Chinese don't make enough money (or have access to credit) to consume like Americans

China still has a long way to go

[boybi]

if China's so great why do wealthy mainlanders send their kids to Harvard?

if China's so great why are wealthy mainlanders buying houses in the US?

if China's so great why are wealthy mainlanders transferring their wealth out of China?

To conquer America one person at a time?

[uls]

^^^

hehe

coz China's wealthy have plan B

a place to escape to

[Altis6453]

China's wealth came from selling stuff to the West but demand has fallen

to offset declining foreign demand China has to increase domestic demand

but with low wages there's no way China's domestic consumption can replace foreign demand

so the govt has to spend to maintain GDP growth --- build more highways and buildings and bridges whatever (more ghost cities)

....... not impressed.....

Once the spending stops, China will be ripe for a situation similar to an Arab Spring.

[uls]

yep. the greatest concern of China's leadership is revolution

that's all they care about -- preservation of power. preservation of status quo

everything they do is focused on preventing the masses from knowing the truth (internet censorship)

and they have to keep people working to maintain peace

that's why they're desperate to maintain GDP growth

[Helios]

Once the spending stops, China will be ripe for a situation similar to an Arab Spring.

then foreign investors take over the middle kingdom since the infrastructure's already in place. reminds me of the book/film 'how to train your dragon'

[kagalingan]

Year 2012 pa ito article.

Trulala!!!!! Ang future talaga ng pinas eh sa dealing with our neighbors = ASIA!!!!

[kagalingan]

The US could lose its crown as the world's most powerful economy as soon as next year, and it's unlikely to ever get it back

The US might soon no longer be the world's dominant economic superpower. Ian Walton/Getty Images


- The US could lose its crown as the world's biggest economy as soon as next year, according to data from Standard Chartered.

- Once it falls behind China, it is unlikely to ever regain the top spot, and by 2030 it could also be behind India.

- By 2030, the bank said, Asian gross domestic product will account for roughly 35% of global GDP, up from 28% last year and 20% in 2010.

- Six of the world's 10 largest economies could be in Asia in the next decade.


The United States of America could lose its position as the world's biggest economy as soon as next year — and once that happens, it is unlikely to regain the top spot as developing Asian economies power ahead.

According to research released this week by Standard Chartered Bank, China is likely to become the world's biggest economy at some point in 2020, when measured by a combination of purchasing-power-parity exchange rates and nominal gross domestic product.

Using PPP alone, China is already considered the world's largest economy, but on a nominal basis the US remains in the lead.

Not only is China likely to overtake the US in 2020, but by 2030 it will be joined by India, Standard Chartered said in its report, with annual GDP growth set to accelerate from about 6% now to almost 8% in the coming decade.

"India will likely be the main mover, with its trend growth accelerating to 7.8% by the 2020s partly due to ongoing reforms, including the introduction of a national goods and services tax (GST) and the Indian Bankruptcy Code," Standard Chartered said.

India's rise would also reflect Asia's becoming the dominant economic region of the planet as the size of its output starts to match the size of its population.

Read more: Trump is winning the trade battle with China, but China could still win the war

"Our long-term growth forecasts are underpinned by one key principle: countries' share of world GDP should eventually converge with their share of the world's population, driven by the convergence of per-capita GDP between advanced and emerging economies," a team of economists from the bank wrote in a note to clients.

By 2030, the bank said, Asian GDP will account for roughly 35% of global GDP, up from 28% last year and 20% in 2010. This would be equivalent to the combined output of the eurozone and the US.

By 2030, six of the 10 largest economies could be in Asia, as the chart below illustrates:

US economy to fall behind China within a year, Standard Chartered says - Business Insider

[kisshmet]

^do you actually know GDP per capita?

Malayo pa ang china sa GDP per capita ng US although china is nearing US GDP number coz china has more people than the US

Kailangan lagpasan ng china ang US GDP many times over (5X) para makahabol sila sa GDP per capita ng US

Kaya malabo pa yang sinasabi mo

The best china can achieve is the distinction of a nation having the highest GDP


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[StockEngine]

[FONT=Arial Black][B]Business Insider[/url]

Business Insider is one of the most Anti Trump websites. a propaganda tool...

[dontwastemytime]

I believe this will be a good move for the Philippines.