China on Track to Be World’s Second Largest Economy (the EU is the largest, with the US in second, but no one counts EU as a country)
it is only a matter of time before they overtake japan.
china has to almost quadruple to catch the US. they are at 4 we are at 14 trillion
this CAN happen by 2020′s provided nothing at all changes…and given the rates of growth in both countries hold at current levels right now until 2020’s. While this is unlikely, maybe we will wake up or maybe the Chinese economy will falter with too much expansion…no one has a crystal ball.
China’s economic expansion eased to 10.3 percent in the second quarter and industrial production cooled more than forecast in June, signaling a deeper second- half slowdown that may add to risks for the global economy.
if you read the above article, it does look like they have learned their lesson from us quite well and are doing all the right things to do to handle a credit bubble, we on the other hand just print more money. We have taught them well/they have learned their lessons very well!
they may beat us at our own game unless we relearn how to make things and allow business to grow with less taxes and regulations. We educated their leading economists, economic policy makers, and most of their people that are the industrial leaders now in our universities. Why have we forgotten our own lessons?
Tags: Chinese Economy, economics
