IMF: China Now Number #1 Economy

While here at the Airport I'm seeing a bulletin being played out that the International Monetary Fund (IMF) has declared that China is now the largest economy in the world. The United States is now second. Is this true? I find this disturbing. All my life we were the top dog and it is certainly a slap in the face to be now second place. The most disturbing to me is that many U.S. citizens do not seem to care. While we are so focused on our racial divide, the lack of job growth, losing our manufacturing base (check out how much is made in china) we are taking our eyes off the rest of the world surpassing us. The time is now for the United States to turn this around and regain being number one again or we will someday cease being a superpower and be just another banana republic, or is this the first step in the decline of the United States?

 

While I saw a lot of of the latin community make its way out to Southern California over the years, I'm also noticing an influx of asian immigrants coming to Los Angeles as well. Particularly, many from China.

 

I believe what we are witnessing is the beginning of a huge demographic shift based upon the power of new immigrants represented by the growing economic power of the countries they come from particularly from Asia. China owns most of our debt We as a country reached the 18 trillion dollar debt last week. It was hardly mentioned in the media as well as the story put out by the IMF. China owns much of Africa and are flooding that continent with immigrants as well. A Panamanian friend of mine tells me that the Chinese are increasingly having great control within his country with their investments into the Panama Canal. China's long term (one hundred years) is to control strategically much of the resources of the world. I sometimes wonder by the end of this century what the United States will look like in terms of it's influence as a power in the world against many who want to replace or destroy us.

 

a bit of an exaggerations. Americans own most of the debt. Our biggest debt are the social programs. China is a nightmare. Talk to any Chinese person from there. It is a matter of time before a revolution occurs. China is not a heterogeneous society. People will grow to hate them as they have hated the USA or even more so. The USA won't become a banana republic. It will just be less influential. This is a good thing. We can concentrate on American problems and not world Problems.

 

As with all statistics, it depends on how you are measuring...

http://money.cnn.com/news/economy/world_economies_gdp/

 

Whenever I hear a mexican bragging about "taking over" I always tell them:

"don't turn around because there is a tidal wave of Chinese immigrants that will wash over you the same way you washed over us"

 

Oh, give me a break.


Check this out:


http://news.investors.com/blogs-cap...hina-economy-has-not-surpassed-us-economy.htm



No, China Hasn't Overtaken U.S., And May Not Ever

By TERRY JONES
Posted 12/04/2014 06:04 PM ET



"It's official: America is now No. 2," says the headline on MarketWatch, a website we enjoy.

The piece passes on the shocking news from the International Monetary Fund that China's economy has overtaken the U.S. economy, marking the first time since Ulysses S. Grant was president that the U.S. was anything other than No. 1.

Except, well, it's not exactly true.

Yes, using a calculation called "purchasing power parity," it looks as if China has passed America. But that calculation is a statistically manufactured one, which supposedly makes up for different costs of living in the two countries.

In short, it doesn't measure anything that's real, but a concept that some economists — and certainly not all — believe is important. It's a phony comparison using a made-up number.

So what do the numbers show when you compare real apples to real apples?
Real U.S. GDP this year will be about $16.27 trillion, adjusted for inflation, according to data from the U.S. government, World Bank and IMF.
China? It will be less than half that, about $8.06 trillion.

Not only has China not passed the U.S., but it's quite possible it never will. China's population growth is heading for a dramatic Japan-style collapse, which will slash economic growth dramatically in coming years. Growth has already slowed from 10% a year in the 1990s and 2000s to 7% — and it's likely to fall further from there.

That's not all. The real measure of a nation's standard of living, productivity and, ultimately, the size of its economy is GDP per capita. What does that tell us about the difference between the U.S. and China?

This year, America will have per person output of $50,979 in real terms, China $5,947.

So the average American is nine times more productive than the average Chinese.

So don't panic. The U.S. isn't No. 2, except in certain IMF statisticians' minds. Nor will it be soon.



In a nutshell: no need to panic.

This isn't unexpected by the way. China has been gaining as the #1 for years. But even when reaching that point it still isn't necessarily numero uno.

Stop reusing Fox talking points. Job growth has been steady for years and getting better. And this is without Republicans helping at all. Republicans cut state government jobs during the recession but they wouldn't have done so if a Republican was in the White House (as history has shown). The Republican congress even failed to give money to a cause that has normally been non-partisan for decades: improving infrastructure. Just think if those jobs (government and infrastructure) to go along with the rest of the job recovery.

And manufacturing? Check your facts. American manufacturing is at the best it has been in over a decade. Those facts are out there for anyone to see.

 

Anyone who isn't a right-wing, partisan Obama-hater who roots against his own country

 

Better learn mandarin, bitches

 

I'm sayin

 

All of the greats fell eventually

Pretty arrogant to think America is above that

 

China is massive pozi scheme masquerading as a country.

Google "china's ghost cities"

The place is a giant cluster fuck.

 

I saw a PBS documentary where they had built whole cities with malls, houses, ect and nobody showed up

 

That's............

Very strange

 

Not really, look at Nevada the same shit happened there. Developers not looking at real data just betting blind

 

Is it hot in here or is it just me

 

China is paving over precious farmland to build cities for nobody..just to boost their GDP and lure foreign money.

 

The empty homes are nice too. And cheap. Just gotta learn Mandarin

 

That's true about the empty cities, but by far this is not why China is growing so much. The potential there is insane, they are getting better with technology and military too.