China wil be richer than the US by 20411= China 2= USA 3= India 4=Japan 5= Brazil & = Russia 7= Britain?
isnt that weird?
Golsman Sachs
Answer:
To those of you who live in a static world, I wish you'd grow up and understand NOTHING and I mean NOTHING stays the same.
China will not be known as a purveyor of cheap goods as they have an amazing ability to learn from their mistakes. The cheap items you'll be buying up because you won't be able to afford much more will be better quality, but still cheap goods.
China will become number one, it is only a matter of time.
Several reasons
They have an extremely stable government and society, which is one of the reasons companies set up shop there from overseas. From businesses such as IBM to ones where all manufacturing is done in China and pretty much have an administrative staff and shipping drop point in the USA.
They have a labor pool of almost 800 million and an under and unemployment problem that will keep wages low for decades. If you don't understand that, take economics 101 and concentrate of supply and demand.
The people have a very good work ethic and a desire to get ahead by their own means. The goal for most Chinese is to reach the American middle class dream. Many have already gotten there.
That and many other factors have caused Warren Buffet and people like him to downsize the time that China will be #1 economically from 2050 to 2025. Personally, after visiting China three times and now living here for over a year and seeing how its working, I'd say the figure is closer to 2020. That is only 13 years away.
I see how China is growing, how the people are prospering and I live in the center of China in a small city (100,000), far removed from the tourist and business meccas such as Shanghai and Beijing.
You can find a lot more china answers through my profile.
Peace
Jim
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I would predict by the year 20,411 none of these countries will exist
Mark it down!
By 2041:
Britain = currency exchange strong
USA = influential
Japan = economy powerhouse
China = trade cheap goods
India = Bollywood
Russia = potential for natural resources
Brazil = not much, poor
Great. Now, I've got to learn Chinese too...?! :-)
So, what is your question?
While the Neo Cons are running around yelling the "sky is falling" and vomiting their hated of the Mexican people.
The Chinese have been moving into the vacuum caused by America's loss of credibility around the world but mostly in Mexico ,Central and South America.She has been very involved with Panama (canal), Mexico, Venezuela, Brazil, Bolivia, Etc. The America's need no longer trade with the US as China will soon become the # 1 consumer economy in the world (displacing the USA) major US trading partners in Asia are gearing up to increase trade with their neighbors China and India.Most American goods even produced by cheap labor, have been pricing themselves out Of the reach that most people are willing to pay and turn to cheaper copies made in Asia.
2050 benchmark china india will be in the top three US will be second to china america is the rischest country in the world with a per head captia of $114,000 only thing is 10 % of america make up for about 80% of the economy european economy will be declining due to population decline america will be strong but not as today china and india for sure will take centre stage along with america there might be a 3 way cold war no one can precisly teel what will happen
Woot go China! FYI that 17000 GPD in india could be worth a lot after the currency exchange...my meaning, for ex China, 1 US dollar is worth about 7.5 chinese yuan. $20000 US dollars may seem kinda bad for a yearly earning...but thats $150000 yuan...in China a yuan can buy as much as maybe 2 dollars can buy in the US...so ppl are making like 75000 US dollars after considering buying power...
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