China to become the world's largest economy by 2030 definitely, if not sooner

[StraightEdge]

Only in PPP terms, but that’s a worthless metric to measure relative national power. There’s no such thing as a national cost of living.

Real money=real power

You do make some real dumb statements, this might be one of the worst.

 

[Get Ya Wig Split]

Op might be delusional @F-22Raptor @Hamartia Antidote.

Wikipedia: 2028

IMF MAP 2028:

US GDP 2033

Also, the Chinese economy is in complete shambles right now.

 

[Mista]

now dollar based GDP is more and more becoming meaningless

That's a dumb argument.

Okay, let's use 'Yuan based GDP'.

1 USD = 7.25 Yuan.
US GDP: USD25.46tril = 184.6tril Yuan.
China GDP = 121tril Yuan.

US economy is just a fake bubble based on global dollar domination and manipulation and its bloated stock market.

If you think the US economy and stock market is all bubble and bloated, you should go ahead and short the US market. Foreign investors are free to short the US market. Let's see how much money you will make in 5 or 10 years time.

 

[beijingwalker]

That's a dumb argument.

Okay, let's use 'Yuan based GDP'.

1 USD = 7.25 Yuan.
US GDP: USD25.46tril = 184.6tril Yuan.
China GDP = 121tril Yuan.



If you think the US economy and stock market is all bubble and bloated, you should go ahead and short the US market. Let's see how much money you will make in 5 or 10 years time.

It shows dollar based GDP doesn't really show a country's overall strength, got it?

“In purchasing power parity, they spend about one dollar to our 20 dollars to get to the same capability.”

China Acquiring New Weapons Five Times Faster Than U.S. Warns Top Official

Air Force’s acquisition chief is the latest to warn that the Pentagon is being left behind by the pace of China's defense developments.

www.thedrive.com

Only in PPP terms, but that’s a worthless metric to measure relative national power. There’s no such thing as a national cost of living.

China is the world biggest industrial nation, manufacturing nation, agriculture nation, trading nation, exporting nation.... and US?

 

[Mista]

It shows dollar based GDP doesn't really show a country's overall strength, got it?

China Acquiring New Weapons Five Times Faster Than U.S. Warns Top Official

Air Force’s acquisition chief is the latest to warn that the Pentagon is being left behind by the pace of China's defense developments.

www.thedrive.com

It's just one of the many indicators out there to measure national strength. PPP is also a valid measurement, but nominal GDP is still the more widely used measurement to assess a country's economic influence. If the US imports advanced chips from Taiwan or raw materials from Australia, they transact in real currency, whether it's in USD, Euro, AUD, TWD, RMB or whatever. You don't adjust for domestic cost of living and go "Hey, my country's cost of living is lower than yours. Can I buy your products with adjusted PPP currency?".

 

[beijingwalker]

It's just one of the many indicators out there to measure national strength. PPP is also a valid measurement, but nominal GDP is still the more widely used measurement to assess a country's economic influence. If the US imports advanced chips from Taiwan or raw materials from Australia, they transact in real currency, whether it's in USD, Euro, AUD, TWD, RMB or whatever. You don't adjust for domestic cost of living and go "Hey, can I buy with adjusted PPP currency?".

With that much money on paper, why US looks more and more backward and even dosen't have enough money to build or at least maintain their rundown roads, railways, subways..., do you know how much a kilometer of subway building cost in US? More and more people now say US is gradually falling to a third world country.

 

[Mista]

China is the world biggest industrial nation, manufacturing nation, agriculture nation, trading nation, exporting nation.... and US?

I mean, if China is really superior economically, why is China at the receiving end of US economic aggression? China should retaliate more forcefully, like what it did to Australia and South Korea.

 

[nahtanbob]

China is the world biggest industrial nation, manufacturing nation, trading nation, exporting nation...US economy is just a fake bubble based on global dollar domination and manipulation and its bloated stock market.
If the global dollar dominance is gone, US will become a poor country overnight.
Whatever currency status change doesn't affect China much. the world always needs goods, Chinese economy is based on its products, not currency manipulation.

it affects the price of your products. people buy chinese products in general only because it is cheap

 

[beijingwalker]

I mean, if China is really superior economically, why is China at the receiving end of US economic aggression? China should retaliate more forcefully, like what it did to Australia and South Korea.

Cause China is not stupid, US is actually on the receiving end of the trade war, but their politicians don't care to cut off their nose to spite their face, Chinese leaders are professionals and they don't do things based on emotions.

it affects the price of your products. people buy chinese products in general only because it is cheap

This is good, if you can offer a price cheaper than your competitors, you are unbeatable in the business.

 

[Mista]

With that much money on paper, why US looks more and more backward and even dosen't have enough money to build or at least maintain their rundown roads, railways, subways..., do you know how much a kilometer of subway building cost in US? More and more people now say US is gradually falling to a third world country.

That's like saying Hanoi is economically superior than Melbourne because Hanoi has mass rapid transit while Melbourne doesn't.

It's a political issue, not an economic issue. Singapore's subway system is also expensive as heck to build, that doesn't necessarily indicate that our economy has a problem. We still build it despite the exorbitant cost because of greater political priority and NIMBYism doesn't stand in our way in our political system.

 

[beijingwalker]

That's like saying Hanoi is economically superior than Melbourne because Hanoi has mass rapid transit while Melbourne doesn't.

It's a political issue, not an economic issue. Singapore's subway system is also expensive as heck to build, that doesn't necessarily indicate that our economy has a problem. We still build it despite the exorbitant cost because of greater political priority and NIMBYism doesn't stand in our way in our political system.

Not only subways, but everything, even in the US turf military, China outbuilds US in warships, China is the world biggest industrial nation, manufacturing nation, agriculture nation, trading nation, exporting nation.... and US?

 

[Mista]

Cause China is not stupid, US is actually on the receiving end of the trade war, but their politicians don't care to cut off their nose to spite their face, Chinese leaders are professionals and they don't do things based on emotions.

Lol, China simply has little economic leverage against the US. The US has been slowly choking on China and China's response has been weak.

But you're right, China's response against the US economic aggression has been pragmatic and not based on emotions.

 

[beijingwalker]

Lol, China simply has little economic leverage against the US. The US has been slowly choking on China and China's response has been weak.

China's biggest trading partner is ASEAN now and is shifting more and more to emeging economies and Russia, how can US choke China when it doesn't produce much? China's trade and surplus all hit record high last year, 3 years after the trade war started by Trump.

 

[Mista]

China's biggest trading partner is ASEAN now and is shifting more and more to emeging economies and Russia, how can US choke China when it doesn't produce much? China's trade and surplus all hit record high last year, 3 years after the trade war started by Trump.

I find it funny that you keep on mentioning about trade surpluses everywhere, like it's the most important economic indicator. Singapore's trade surplus is over USD100bil for a country of ~5.5mil people. So? We are economically stronger than the US? Or Japan?

The most important pillar for most economies is domestic demand, not external demand. One reason why China's youth unemployment is so high despite the record surplus is because of it's weak consumer sentiment. External demand can only do so much.

 

[beijingwalker]

I find it funny that you keep on mentioning about trade surpluses everywhere, like it's the most important economic indicator. Singapore's trade surplus is over USD100bil for a country of ~5.5mil people. So? We are economically stronger than the US? Or Japan?

View attachment 936326

The most important pillar for most economies is domestic demand, not external demand. One reason why China's youth unemployment is so high despite the record surplus is because of it's weak consumer sentiment. External demand can only do so much.

View attachment 936325

Singapore...? China is the world biggest industrial nation, manufacturing nation, agriculture nation, trading nation, exporting nation.... and US?