Moral Outrage
Whew! God help us!

Geo-political power shifted from America to China

China will overtake the US as the world’s biggest economy by 2012, or within two years.

In terms of purchasing power parity, according to the Conference Board’s latest world economic outlook, China is already nearly there, and by 2020 will have reached a size of output which is nearly half as big again as the US.

Broadly speaking the idea of “purchasing power parity” (PPP) is to measure output according to the volume, not the price of goods and services produced. In PPP terms, the Conference Board’s projections show China as 24.1 per cent of world output by 2020, and the US at just 14.8 per cent.

We all knew that the weight of economic growth had skewed dramatically since the crisis from advanced to emerging market economies, but many in the West don’t yet seem fully to appreciate the speed with which economic and geo-political power is shifting. This is a truly seismic change.

How these once irrelevant economies choose to use their new found power is the overarching question of our times.

[The Telegraph]

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One Response to “Geo-political power shifted from America to China”

  1. ALL I CAN TELL YA IS TO BUY CHINESE STOCKS, BONDS AND TREASURIES AND START SANDBAGGING TO SUPPORT OUR ECONOMY. THEM STAURATE OUR TREASURY WITH A LOT OF FOREIGN STOCKS THAT KEEP THEIR VALUE BASED ON NEGATIVE MARKETS AND ARE SOLID GROWTH IN POSITTIVE MARKETS AND BEAT THEM ON PAPER TILL WE WIN THIS DAMEND WAR.THEN START DUMPING THEM AFTER WE AREE AN ESTABLISHED POSITIVE MARKET AGAIN. THIS WILL GIVE THE DOLLAR SOME VALUE TOO AS WELL AS SOME MARKET GROWTHZ THIS MAY PIN THE DOLLAR TO THE JAPANESE AND CHINESE CURRENCY BUT WHAT THE HELL BEAT THEM AT THEIR OWN GAME.


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