It’s official: America is now No. 2

[xenon54 out]

take a example of Japanese yuan exchenge rate against Chinese rmb, you will see how China so quickly passed the Japane on GDP, now, Japane GDP is only half of the Chinese.
View attachment 160891

anyway , we must work hard；
骚年们，我们的目标不是米国，我们的目标是星辰大海……

Well, you should also consider that Japan has only 1/10th of Chinas population if you are comparing GDP one on one.

 

[yusheng]

Well, you should also consider that Japan has only 1/10th of Chinas population if you are comparing GDP one on one.

yes, you are right, that GDP or PPP in USD are very narrow economic indications, dont mean much, worthless to emphasize on them.
when i say Japanese GDP was passed by China i mean that GDP in usd can not truely show the recently economy changes in China and Japane, twisted by exchange rates.

PCDI, PGDI are the same. if you want to compare one with the other in economy, you have to considre many more factors, but that is none of my business.

 

[Aepsilons]

To better understand the difference of GDP and PPP,

The Difference Between GDP Nominal And GDP PPP | Apple Butter Dreams

 

[TheTruth]

To better understand the difference of GDP and PPP,

The Difference Between GDP Nominal And GDP PPP | Apple Butter Dreams

GDP per PPP *is* GDP

 

[ChineseTiger1986]

Well, you should also consider that Japan has only 1/10th of Chinas population if you are comparing GDP one on one.

That's why China will be soon 4-5 times of Japan, since the Yen keeps tumbling and their economic growth is stagnated.

Without the FTA being signed with China, don't expect any major improvement for Japan's economy.

 

[user1]

Not Just The Largest Economy – Here Are 26 Other Ways China Has Surpassed America

#1 When you add up all imports and exports, China now accounts for more total global trade than the United States does.

#2 There is now more total corporate debt in China than there is in the United States.

#3 During 2013, we sold about 121 billion dollars worth of stuff to the Chinese, but they sold about 440 billion dollars worth of stuff to us. That was the largest trade deficit that one nation has had with another nation in the history of the world.

#4 China is now the leading manufacturer of goods in the entire world.

#5 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Today, China’s high-tech exports are more than twice the size of U.S. high-tech exports.

#6 The United States had been the leading consumer of energy in the world for about 100 years, but during the summer of 2010 China took over the number one spot.

#7 China now has the largest new car market in the entire world.

#8 China has more foreign currency reserves than anyone else on the planet.

#9 China is the number one gold producer in the world.

#10 China is also the number one gold importer in the world.

#11 15 years ago, China was 14th in the world in published scientific research articles. But now, China is expected to pass the United States and become number one very shortly.

#12 China is also expected to soon become the global leader in patent filings.

#13 China awards more doctoral degrees in engineering each year than the United States does.

#14 China has the world’s fastest train and the world’s most extensive high-speed rail network.

#15 China uses more cement than the rest of the world combined.

#16 Today, China produces nearly twice as much beer as the United States does.

#17 85 percent of all artificial Christmas trees are made in China.

#18 There are more pigs in China than in the next 43 pork producing nations combined.

#19 China is now the number one producer of wind and solar power on the entire globe.

#20 China produces more than twice as much cotton as the United States does.

#21 China produces more than three times as much coal as the United States does.

#22 China now produces 11 times as much steel as the United States does.

#23 China controls over 90 percent of the total global supply of rare earth elements.

#24 An investigation by the U.S. Senate Committee on Armed Services found more than one million counterfeit Chinese parts in the Department of Defense supply chain.

#25 According to author Clyde Prestowitz, China’s number one export to the U.S. is computer equipment. According to an article in U.S. News & World Report, the number one U.S. export to China is “scrap and trash”.

#26 Nobel economist Robert W. Fogel of the University of Chicago is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040 if current trends continue.

Not Just The Largest Economy – Here Are 26 Other Ways China Has Surpassed America

 

[Sommer]

It's just a number. We still have a long way to go.

 

[Beidou2020]

When China surpass America technologically and financially, then China can give itself a pat on the back.

 

[mike2000]

Doesn't mean anything. Average American still earns 5x as much as average Chinese.

Not just that, the whole world counts nominal GDP instead of PPP. Nobody really sonsiders PPP when doing internal comparisms between countries.

 

[Chinese-Dragon]

Not just that, the whole world counts nominal GDP instead of PPP. Nobody really sonsiders PPP when doing internal comparisms between countries.

China's National Bureau of Statistics has officially said they do not recognize PPP.

 

[TaiShang]

China's National Bureau of Statistics has officially said they do not recognize PPP.

I guess we will need to repeat this over and over again so that some members would not came at China for something that others keep saying, not China itself.

 

[jarves]

PPP can be considered to compare between two countries if in conditions in those two countires are more or less same otherwise Nominal GDP should e considered.In any case China's progress is Stupendous.

 

[sword1947]

meaningless report

 

[SpArK]

Congrats to China..

The growth of China is indeed a fascinating fact and a model to look up into.

If China starts behaving too like a responsible BIG nation, we as a neighbour would be more than happy to be on the same page and share the global policies and outlook for generations to come.

 

[ahojunk]

Please hold on to your congratulations.

China officially doesn't recognise PPP.

Most if not all Chinese members here are not celebrating.... yet.