In a world where Facebook could be ranked the fifth largest nation, the United States has been #1 in so many categories by so much of a margin, it wasn’t worth much talk.
Now, it’s official. Now we can talk and maybe people will understand.
In this Global World Order (Economy) we live in, because we buy so much from China….they have become the 2nd largest economy in the World. Why will they easily over-take us?
We won’t stop buying from them any time soon.
We don’t really think of them as a threat.
They have interests in North Korea and Iran.
Just read the article and go start talking it up.
– China’s rise has produced glaring contradictions. The wealth gap between an elite who profited most from three decades of reform and its poor majority is so extreme that China has dozens of billionaires while average income for the rest of its 1.3 billion people is among the world’s lowest.
Japan’s people still are among the world’s richest, with a per capita income of $37,800 last year, compared with China’s $3,600. So are Americans at $42,240, their economy still by far the biggest.
“We should be concerned about per capita GDP,” said Kyohei Morita, chief economist at Barclays Capital in Tokyo. China overtaking Japan “is just symbolic,” he said. “It’s nothing more than that.” –
http://news.yahoo.com/s/ap/20100816/ap_on_bi_ge/as_japan_economy
