[A-List] China Growth
Henry C.K. Liu
hliu at mindspring.com
Wed Jan 4 22:14:55 MST 2006
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
> 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,
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