Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

China 'to dwarf G7 states by 2050'

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
 
lovuian Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 12:33 AM
Original message
China 'to dwarf G7 states by 2050'
http://news.bbc.co.uk/2/hi/business/4770590.stm

China's economy is projected to grow so fast that it could outstrip all developed nations by 2050, a report by Pricewaterhouse says.
The Asian giant's economy is set to double in size between 2005 and 2050, according to the report.

As with other developing countries, a key driver for China's rapid growth is its younger, cheaper workforce, it argues.

India, meanwhile, is expected to be the world's fastest-growing economy.

snip...

Also on a PPP basis, PwC says the German, UK and French economies could end up smaller than Mexico's economy and similar in size to that of Russia.

Both Japan and Germany whose economies stand in second and third place after the US, are expected to be surpassed by developing countries India and Brazil by 2050.

....................................................................

Take a look at the New Powers of the future...
Do we want Communist China to be the ruler of the world economies???
Printer Friendly | Permalink |  | Top
Old and In the Way Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 12:44 AM
Response to Original message
1. Are there communists still in China?
There are plenty of corrupt government bureaucrats....but I've never met anyone who wants to return to the good old days of collectives and semi-starvation.

Really, do you think you can stop 2/3 of the world's people from wanting the same dreams and materialism that we have?

Printer Friendly | Permalink |  | Top
 
lovuian Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 12:51 AM
Response to Reply #1
2. are 2/3 of the Chineese getting these material dreams & money
or are they working and living in poverty why bureaucrats feed off their labor and live in the lap of luxury...

Printer Friendly | Permalink |  | Top
 
Old and In the Way Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 01:13 AM
Response to Reply #2
3. A lot of that, no doubt. They'd be Republicans over here, no question.
There's a real danger of rising expectations in China. The economic miracle in the coastal provinces has not really impacted those that live in the interior provinces. Managing those expectations are going become more difficult as more and more people want a piece of that dream.
Printer Friendly | Permalink |  | Top
 
shockingelk Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 06:16 AM
Response to Reply #3
9. Is China more corrupt than the US?
Seems like knowing the VP gets you places here.
Printer Friendly | Permalink |  | Top
 
JNelson6563 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 07:22 AM
Response to Reply #1
10. Yes, it's the Communist party
that is in power there.
Printer Friendly | Permalink |  | Top
 
onehandle Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 01:14 AM
Response to Original message
4. Our future masters. Thank corporate America for this.
This isn't Russia. Russia had a war ravaged infrastructure and little practical natural resources.

They were bound to fall.

China has boundless resources and slave labor.

Wal-Mart and company are creating our future masters.
Printer Friendly | Permalink |  | Top
 
wickerwoman Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 02:53 AM
Response to Reply #4
7. Poppycock.
For a country of it's size, China has remarkably few natural resources. Less than 20% of the country is arable land- the rest is desert and mountains. They have no oil to speak of- just coal which they are burning at a rate that has sent life expectencies plummeting in the western provinces.

Why do you think we're PNACing the Middle East *right now*? We're trying to choke China off before it gets access to a dependable source of energy.

What good is slave labor if you have to close the factories for weeks at a time in the summer because there's not enough electricity to run the machines?
Printer Friendly | Permalink |  | Top
 
JNelson6563 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 07:24 AM
Response to Reply #7
11. Ah but here's the kicker
China owns a great deal of our debt. We are selling out to them and anyone else who will fund our irresponsible spending habits.

We are letting ourselves become more vulnerable with every Treaasury auction.

Julie
Printer Friendly | Permalink |  | Top
 
MADem Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 12:54 PM
Response to Reply #7
17. They've got wind and sun, though--and if those technologies ever
become the standard, well, all bets are off.
Printer Friendly | Permalink |  | Top
 
daleo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 01:46 AM
Response to Original message
5. 45 year economic projections are pretty meaningless
Funny how predictions about global warming over 45 years are treated with contempt by many of the same people who hypothesis about economic conditions on the same time scale.
Printer Friendly | Permalink |  | Top
 
lovuian Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 02:30 AM
Response to Reply #5
6. Well looking at the data of China's expansive economy
and looking at the shrinking of the American debt ridden economy

one may project that and have good facts to base it on...

Your right statiscians like to take numbers and predict the future...

and yet who really knows...
Printer Friendly | Permalink |  | Top
 
David__77 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 02:53 AM
Response to Original message
8. China is not an imperialist country like the US
There is a big different. I do not foresee a scenario in which Chinese foreign military bases ring the US borders and threats are made by China that the US much change its internal policies. China is simply asserting its sovereign right to develop its economy.
Printer Friendly | Permalink |  | Top
 
JNelson6563 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 07:26 AM
Response to Reply #8
12. Yes, they have a right
and they will also have needs far greater than ours when it comes to fuel. Soon they will need more crude oil than the world can produce.

Julie
Printer Friendly | Permalink |  | Top
 
bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 09:00 AM
Response to Original message
13. The approaching global ecological singularity will make this irrelevant.
This is a business-as-usual projection based on the idea that current trends will continue, which they will not. Not that I mean to imply that we are not having our asses kicked economically, we are, and have been for some time now, with the full consent and complicity of those we elect to run our affairs.
Printer Friendly | Permalink |  | Top
 
depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 09:04 AM
Response to Original message
14. LOL- it's amazing how utterly delusional people are
simply amazing.

So, ummm. What's going to fuel this "rapid growth?"

Money off trees and energy out of thin air, I guess.

If I had even one nickel invested with pricewaterhouse, I'd remove it immediately.

Printer Friendly | Permalink |  | Top
 
entanglement Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 12:11 PM
Response to Reply #14
16. The energy crisis is global, I don't see why
it should impact China while sparing others.
Printer Friendly | Permalink |  | Top
 
depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 02:53 PM
Response to Reply #16
19. China's in a worse position that most
Edited on Sat Mar-04-06 02:53 PM by depakid
Not only do they lack suffient energy inputs to sustain this sort of growth, but they're liquidating their natural capital at a higher rate than most of the rest of the world.

The have to eat, drink and dispose of their wastes like everyone else....
Printer Friendly | Permalink |  | Top
 
entanglement Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 12:09 PM
Response to Original message
15. Hmmm
I'd say China has progressed enough that the correct question to ask is "What do we do when China rules the World economy?", not "Do we want Communist China to be the ruler of the world economies?"
However, the rise of China needs a well-thought response from us, not fear or hysteria. It is a possible threat as well as a huge opportunity. My main gripe with China is about the way the Chinese State treats its citizens and minorities and its authoritarian setup. I have no quarrel with the average Chinese guy trying to make it in life.
Printer Friendly | Permalink |  | Top
 
lovuian Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 01:30 PM
Response to Original message
18. Thats where I'm coming from too... This is Communist China
if back in the Cold War days the prez's knew we were paying big bucks to Communist country they would be livid with outrage... Remember in the old days that Communist was a bad name... and yet for cheap labor the corporations now think its just fine and dandy...

It only proves to me they were all hypocrites...

This is really where our country is at... fighting for resources to stay on top

Military needs oil and gas... thats an essential

we don't have tanks running on batteries...
Printer Friendly | Permalink |  | Top
 
VegasWolf Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 03:00 PM
Response to Original message
20. Be nice! Maybe China will throw a few low-paying manufacturing jobs
our way and Bush can claim victory.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Nov 27th 2014, 09:50 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC