IMF now agrees that China will become the biggest PPP Economy in 2014 as it updated its PPP

[senheiser]

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@Nihonjin1051 @Peter C @LeveragedBuyout @gambit @mike2000 @Schutz @Chinese-Dragon @vostok @Beidou2020 @TaiShang

 

[ChineseTiger1986]

BRICS's PPP could be well bigger than that of the US+EU+Japan.

 

[BoQ77]

BRICS population is 40% of world population and BRICS represent 18% of world economy.

 

[beijingwalker]

BRICS is a joke, China's GDP is bigger than the rest of BRICS combined.

 

[ChineseTiger1986]

BRICS is a joke, China's GDP is bigger than the rest of BRICS combined.

Except Russia, the rest of the BRICS aren't that significant.

Russia has vast land and resources, and very powerful nuclear arsenal.

That's why Russia is also an important player, co-founder of the BRICS Bank.

Only China + Russia can balance against the US hegemony.

 

[senheiser]

BRICS population is 40% of world population and BRICS represent 18% of world economy.

BRICS's PPP could be well bigger than that of the US+EU+Japan.

as of now

China, India, Russia, Brazil, Hong Kong = 30%

USA, EU, Japan = 37% of PPP world economy

 

[beijingwalker]

China, however, accounts for much of the clout, with its GDP greater than the combined GDPs of the three other BRIC members.

"China is the largest and most stable economy of the BRICs and will lead them for the foreseeable future," says Dr. Hinrich Voss, a research fellow at Leeds University Business School. "The sheer economic size of China and its growth rate will also draw most attention to it, and away from the business opportunities in the other three countries,"

This is a very unproportionate group , and China and India are always at odds, this organization will go nowhere. China and Russia should form a new league, which makes much more sense in every aspect.

 

[Tractor]

What does it mean PPP,the real fortune of people?

 

[BoQ77]

What does it mean PPP,the real fortune of people?

PPP means just stay in home city and don't buy anything imported.

 

[senheiser]

What does it mean PPP,the real fortune of people?

cost of living, China and Russia can more effort in their own country

 

[ChineseTiger1986]

as of now

China, India, Russia, Brazil, Hong Kong = 30%

USA, EU, Japan = 37% of world economy

The US is now in the rampage mode, the Hong Kong protest is nothing but a financial proxy war against China and the BRICS.

If you Google the comments by the foreign nations, Russia is fully supporting China, since Putin also realizes the struggle between the West and the East will not end anytime soon.

Since the BRICS Bank is set, so except 2015 to be even more chaotic than 2014.

 

[senheiser]

PPP means just stay in home city and don't buy anything imported.

which is good for economic growth why should Chinese import Mercedes if he can buy Chinese brand and support growth in his country? This is why Chinese goverment doesnt allow remnibi to be float to not over value

 

[BoQ77]

which is good for economic growth why should Chinese import Mercedes if he can buy Chinese brand and support growth in his country? This is why Chinese goverment doesnt allow remnibi to be float to not over value

Because Mercedes, Audi, Lexus ... mean high quality.
Why they must send their kids to Harvard, Stanford ... to study.
Including Xi, Bo ...

Why Boeing, Airbus sell great in China ?

 

[ChineseTiger1986]

which is good for economic growth why should Chinese import Mercedes if he can buy Chinese brand and support growth in his country? This is why Chinese goverment doesnt allow remnibi to be float to not over value

Your PPP comparison is very meaningful.

Since 2014 is just the beginning, and the proxy war will get even more intense in the coming 2015, so everybody is prepared for a long term struggle.

PPP matter for the domestic consumption, and it represents the stamina of that country. We should be aware about the stamina between both camp.

Now the US has hijacked both EU and Japan to add the stamina in its camp, so for now they still have a marginal edge, but soon it will be our turn.

 

[senheiser]

Because Mercedes, Audi, Lexus ... mean high quality.
Why they must send their kids to Harvard, Stanford ... to study.
Including Xi, Bo ...

Why Boeing, Airbus sell great in China ?

of the 16 trillion economy 9 trillion is held in dollars, so you always need to consume foreign products and eat foreign? its 56% foreign 44% domestic for china