China 2nd Largest Economy

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China 2nd Largest Economy
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 Lakshmi.Jaerik
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By Lakshmi.Jaerik 2010-07-30 13:30:54
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China surpassed Japan as the world's second largest economy today. It is on track to overtake the United States by 2025.

If you count the European Union as one economic zone (as most economists do, as they share a currency and cannot independently adjust their own economic policy), then the EU surpassed the United States in 2007.
 Lakshmi.Aeyela
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By Lakshmi.Aeyela 2010-07-30 13:31:51
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Lakshmi.Jaerik said:
If you count the European Union as one economic zone (as most economists do, as they share a currency and cannot independently adjust their own economic policy), then the EU surpassed the United States in 2007.

You'll never take our pounds away!
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 Asura.Ludoggy
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By Asura.Ludoggy 2010-07-30 13:32:07
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The sleeping giant has awaken.
isnt sleeping anymore...
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 Fenrir.Tool
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By Fenrir.Tool 2010-07-30 13:32:31
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Seems like outsourcing is coming back to bite us in the *** huh?
 Fairy.Spence
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By Fairy.Spence 2010-07-30 13:32:32
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Lakshmi.Aeyela said:
Lakshmi.Jaerik said:
If you count the European Union as one economic zone (as most economists do, as they share a currency and cannot independently adjust their own economic policy), then the EU surpassed the United States in 2007.

You'll never take our pounds away!

There's a fat joke in there somewhere...
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 Asura.Daleterrence
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By Asura.Daleterrence 2010-07-30 13:32:40
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Is the UK part of the EU in that sense? Seeming as England in particular spazzed about the Euro and as such we still use the Pound. Edit: Dammit Aeyela. D=

Fairy.Spence said:
Lakshmi.Aeyela said:
Lakshmi.Jaerik said:
If you count the European Union as one economic zone (as most economists do, as they share a currency and cannot independently adjust their own economic policy), then the EU surpassed the United States in 2007.

You'll never take our pounds away!

There's a fat joke in there somewhere...

Edit 2: Fat guy, reporting in to be offended. ^^b
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By Eirinne 2010-07-30 13:39:08
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Lakshmi.Jaerik said:
China surpassed Japan as the world's second largest economy today. It is on track to overtake the United States by 2025.

If you count the European Union as one economic zone (as most economists do, as they share a currency and cannot independently adjust their own economic policy), then the EU surpassed the United States in 2007.
When you have a workforce that large working for that little without all of the benefits that the rest of the world's large economies provide, its no surprise. The again, this is a country that mass ships children's jewelry with cadmium in it? Very, very sad.
 Fenrir.Schutz
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By Fenrir.Schutz 2010-07-30 13:41:16
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China (and India) will just see the same economic trending that occurred in Japan and Taiwan in the late 20th century...they will shift from cheap-labour manufacturing zones into full-fledged consumers and service industries. Certainly this may take many years to fully occur in such a large country with diverse regions, but the pattern will likely hold out (barring any world wars.)

Then the world will shift to Africa for its cheap labour. China has already begun making economic overtures to various African nations to secure manufacturing, mineral resource, and shipping arrangements for the coming century.
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 Shiva.Flionheart
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By Shiva.Flionheart 2010-07-30 13:42:20
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GBP is the master currency.
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 Valefor.Slipispsycho
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By Valefor.Slipispsycho 2010-07-30 13:43:04
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Fairy.Spence said:
Lakshmi.Aeyela said:
Lakshmi.Jaerik said:
If you count the European Union as one economic zone (as most economists do, as they share a currency and cannot independently adjust their own economic policy), then the EU surpassed the United States in 2007.

You'll never take our pounds away!

There's a fat joke in there somewhere...
America doesn't want your pounds, we have enough of our own anyways.

:p I tried.
 Fenrir.Tool
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By Fenrir.Tool 2010-07-30 15:43:01
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Lakshmi.Jaerik said:
China surpassed Japan as the world's second largest economy today. It is on track to overtake the United States by 2025. If you count the European Union as one economic zone (as most economists do, as they share a currency and cannot independently adjust their own economic policy), then the EU surpassed the United States in 2007.

Hang on, if EU passed us in 07, and China just now passed Japan to fall into 2nd place, how is it they're surpassing us in 2025?

Unless I misread something >_>
 Lakshmi.Jaerik
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By Lakshmi.Jaerik 2010-07-30 15:45:29
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As in, not including the EU, the US is #1 and China just became #2. If you include the EU, the US is #2 and China just became #3.
 Siren.Kuz
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By Siren.Kuz 2010-07-30 15:49:27
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Lakshmi.Aeyela said:
You'll never take our pounds away!

I was about to say the same thing!!!!
Then I realized... I'm an American.
And I looked down at my belly

and made myself feel bad...
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 Fenrir.Schutz
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By Fenrir.Schutz 2010-07-30 15:51:45
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Lakshmi.Jaerik said:
As in, not including the EU, the US is #1 and China just became #2. If you include the EU, the US is #2 and China just became #3.

I'm not asking you who's on first!!! >:/
 Leviathan.Webjester
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By Leviathan.Webjester 2010-07-30 15:53:59
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OT: I keep glancing at the title and seeing Chali 2na instead of China 2nd.

*blinks*
 Leviathan.Duvessa
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By Leviathan.Duvessa 2010-07-30 15:56:07
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Isn't it kind of ironic that a communist nation like China now has the second largest economy? Seems like that should be more of a capitalist thing.
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By Fenrir.Schutz 2010-07-30 16:00:59
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Leviathan.Duvessa said:
Isn't it kind of ironic that a communist nation like China now has the second largest economy? Seems like that should be more of a capitalist thing.

They absorbed Hong Kong and want so badly to get Taiwan. They aren't about to go back to collective farms as a nation-wide economic model anytime soon. They like to pride themselves as a nation "of many systems."
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By Valefor.Krabie 2010-07-30 16:01:32
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Leviathan.Duvessa said:
Isn't it kind of ironic that a communist nation like China now has the second largest economy? Seems like that should be more of a capitalist thing.

Unlike most of communist countries, China is more "capitalist" than most of (if not all) true capitalist countries. In comparison, Scandinavian countries, Canada, and some others are more "communist" than China.
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 Bahamut.Serj
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By Bahamut.Serj 2010-07-30 16:03:33
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Fenrir.Schutz said:
Lakshmi.Jaerik said:
As in, not including the EU, the US is #1 and China just became #2. If you include the EU, the US is #2 and China just became #3.

I'm not asking you who's on first!!! >:/


 Ramuh.Dasva
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By Ramuh.Dasva 2010-07-30 16:10:19
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Including the EU is just cheating!
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By Leviathan.Duvessa 2010-07-30 16:16:25
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Ramuh.Dasva said:
Including the EU is just cheating!

I agree, they aren't a single country. Comparing a united economy to a country's economy isn't exactly fair.
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By Titan.Ellid 2010-07-30 16:24:30
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Leviathan.Duvessa said:
Ramuh.Dasva said:
Including the EU is just cheating!

I agree, they aren't a single country. Comparing a united economy to a country's economy isn't exactly fair.

I see what you did there.
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By Garuda.Kyree 2010-07-30 16:25:51
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Quote:
“China is in fact already the second-biggest economy. With the expansion of the economic base, the growth rate should certainly gradually slow down,” Mr Yi, who is also deputy central bank governor, said in an interview on the Safe website.

However, Mr Yi’s comment fell far short of formal seizure of a title that Japan has held for just over four decades, especially given that he did not specify whether he was talking about China’s GDP at market prices or in purchasing power parity terms.

In PPP terms, often a more telling measure of economic weight, China has already been the second-largest economy for years.

China-based economists point out that Tokyo reports detailed and relatively accurate economic data. Beijing’s sketchier numbers potentially under-report its economy by as much as 20 per cent, meaning China may have really been number two for some time, even in dollar terms.

Meh
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By Shiva.Flionheart 2010-07-30 16:30:16
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Leviathan.Duvessa said:
Ramuh.Dasva said:
Including the EU is just cheating!

I agree, they aren't a single country. Comparing a united economy to a country's economy isn't exactly fair.

you mad
 Alexander.Tidusblitz
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By Alexander.Tidusblitz 2010-07-30 16:30:23
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http://en.wikipedia.org/wiki/Member_State_of_the_European_Union

only takes 27 of them to pass one of us.
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 Titan.Ellid
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By Titan.Ellid 2010-07-30 16:32:15
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Alexander.Tidusblitz said:

fixed that for you
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 Alexander.Tidusblitz
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By Alexander.Tidusblitz 2010-07-30 16:33:55
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Titan.Ellid said:
Alexander.Tidusblitz said:

fixed that for you

so splitting our country into zones makes us count more? does england have seperate area codes in different areas? maybe we should count cities too....
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 Ramuh.Dasva
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By Ramuh.Dasva 2010-07-30 16:34:14
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Titan.Ellid said:
Alexander.Tidusblitz said:
fixed that for you
Refixed since you don't seem to understand how governements are run.

Unless you want me to start counting ever single territory or region in every single country. As some people in your country already want to be considered seperate
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By Pandemonium.Kajidourden 2010-07-30 16:34:51
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Titan.Ellid said:
Alexander.Tidusblitz said:

fixed that for you

Way to be ignorant Tidus.... lmao
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 Titan.Ellid
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By Titan.Ellid 2010-07-30 16:36:09
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I think the key-word is countries or states.

I'm not being argumentative, the USA is a collective of countries, so is the EU, so it is fair to make a comparison between them.
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