[A-List] China Growth

[Henry C.K. Liu]

Just because China's GDP has just surpassed Britian's, there is no need 
to exagerate China's growth. One simple statistic tells it all: Chinese 
GDP grew at 9% annually while the US GDP grew at 3.5%.  But Chinese GDP 
was $1.4 trillion while US GDP was $12 trillion in 2005.  China added 
$126 billion to its 2005 GDP while the US added $420 billion to its 2005 
GDP.  US GDP growth alone is equal to almost two thirds of China total 
GDP.  In dollar terms the US is growing 3 times faster than China.  At 
this rate, China will not overtake the US until hell freezes over. 
Unless, of course, the US self implodes.

Henry C.K. Liu

> Tony Blair: China destined to become the world's 'dominant' economy
> December 21, 2005 - 10:56
> http://www.canadianbusiness.com/news/article.jsp?content=b122129A#
>
> LONDON (AP) - China is destined to be the world's dominant economy and 
> it is likely to be involved in future economic summits, Prime Minister 
> Tony Blair said Wednesday.
>
> Speaking at a news conference, Blair said it was inevitable that China 
> would overtake Britain as the world's fourth-largest economy.
>
> "At some point I'm afraid the Chinese economy is going to overtake not 
> just Britain but Japan, Germany and, eventually, the United States. 
> That's just the way it is," Blair said.
>
> "The Chinese economy is going to be the dominant force in driving 
> everything," he said. "That's why you've got higher oil prices, higher 
> commodity prices. As the Chinese economy grows that's why climate 
> change is so important."
>
> The Group of 8 summit partners would have to agree on any move to 
> expand to include India and China, he said.
>
> However, he added, "I would find it hard to imagine we were going to 
> have future G-8 summits in which they weren't, in some shape or form, 
> participating."
>