Why China Won’t Eclipse the United States

[theworldismine13]

Why China Won’t Eclipse the United States
http://www.thedailybeast.com/articles/2014/06/12/why-china-won-t-eclipse-the-united-states.html

 

[Self_Born7]

how? damn near everything I pick up has a "Made In China" label on it.

 

[the cac mamba]

how? damn near everything I pick up has a "Made In China" label on it.

i read an opinion that there will be a revolution in china before they overtake us as number 1

the corruption, the pollution, etc. you cant even fukkin use google over there

 

[Poitier]

It already has.

 

[Domingo Halliburton]

I mean this should happen with over a billion people but you have half the country living like it's 1905

 

[newworldafro]

Does word search on page .... "petro", "yuan", "dollar" ..... none are in the article ........ stops reading ...

 

[Fart Knocker]

Why China Won’t Eclipse the United States
http://www.thedailybeast.com/articles/2014/06/12/why-china-won-t-eclipse-the-united-states.html

we good brehs!

 

[Domingo Halliburton]

Does word search on page .... "petro", "yuan", "dollar" ..... none are in the article ........ stops reading ...

full convertibility of the yuan is a long ways off.

 

[newworldafro]

full convertibility of the yuan is a long ways off.

Yes, but countries are making that switch pretty steadily ... it ain't good for my own little self interest, cause it'll make the the cost of living more expensive, but things are happening right now .. in industrial countries..and developing ones ...


http://online.wsj.com/articles/china-to-start-direct-foreign-exchange-trades-with-u-k-1403086815

http://allafrica.com/stories/201404080288.html

 

[Domingo Halliburton]

Yes, but countries are making that switch pretty steadily ... it ain't good for my own little self interest, cause it'll make the the cost of living more expensive, but things are happening right now .. in industrial countries..and developing ones ...


http://online.wsj.com/articles/china-to-start-direct-foreign-exchange-trades-with-u-k-1403086815

http://allafrica.com/stories/201404080288.html

I think it's overstated how much it will affect USD if they stop using it in a lot of different trades between countries

 

[theworldismine13]

Yes, but countries are making that switch pretty steadily ... it ain't good for my own little self interest, cause it'll make the the cost of living more expensive, but things are happening right now .. in industrial countries..and developing ones ...


http://online.wsj.com/articles/china-to-start-direct-foreign-exchange-trades-with-u-k-1403086815

http://allafrica.com/stories/201404080288.html

well you're kinda missing the point, most of the numbers concerning chinese "dominance" come from its sheer size not from being more efficient or more productive or just being better in general

people are using the yuan simply because there are more chinese doing business all over the world its not because of confidence in the yuan itself or in the chinese economy

 

[Robbie3000]

Wishful thinking. I'm sure Britain was saying the same shyt in the 1870s.

 

[RatherUnique]

If by some miracle China can become a "developed," nation like North America, Western Europe, Australia, or Japan, it will be completely China's world. The U.S yields it's power from it's huge population (320 mill, while Britain has 60, France has 65 ect) and also being "developed." Imagine China being fully developed like the U.S but with 1.5 Billion. Might not happen but If it does.