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2008-01-02 China-Japan-Koreas

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Posted by anonymous5089 2008-01-02 12:49|| || Front Page|| [4 views ] Top

#1 China's economy, said the bank, is smaller than it thought.

About 40% smaller.

China, it turns out, isn't a $10-trillion economy on the brink of catching up with the United States. It is a $6-trillion economy, less than half our size. For the foreseeable future, China will have far less money to spend on its military and will face much deeper social and economic problems at home than experts previously believed.

What happened to $4 trillion in Chinese gross domestic product?

Statistics. When economists calculate a country's gross domestic product, they add up the prices of the goods and services its economy produces and get a total -- in dollars for the United States, euros for such countries as Germany and France and yuan for China. To compare countries' GDP, they typically convert each country's product into dollars.

The simplest way to do this is to use exchange rates. In 2006, the World Bank calculated that China produced 21 trillion yuan worth of goods and services. Using the market exchange rate of 7.8 yuan to the dollar, the bank pegged China's GDP at $2.7 trillion.

That number is too low

understatement of the year. 40% off? Jeebus

Posted by Frank G">Frank G 2008-01-02 13:27|| 2008-01-02 13:27|| Front Page Top

#2 This combined with Chinas aging population should be enough to take some of the wind out of the 'Fear of China' sales.

The next global recession should hit China very hard, since they're crap is the garbage we can all cut back on.

Posted by Mike N. 2008-01-02 13:39|| 2008-01-02 13:39|| Front Page Top

#3 China will have far less money to spend on its military

Ah, China is not a democracy, it it?

Posted by g(r)omgoru 2008-01-02 16:10|| 2008-01-02 16:10|| Front Page Top

#4 Hell, we could have done better than that. I demands a recount, make it 60% smaller and ugly.

Posted by Thomas Woof 2008-01-02 17:04|| 2008-01-02 17:04|| Front Page Top

#5 OTOH, GLOBALRESEARCH > ANGLO-AMERICAN AMBITIONS LIKELY IN THE ASSASSINATION OF BENAZIR BHUTTO AND THE DETABILIZATION OF PAKISTAN; + WAFF > THE STATESMAN [India] - THE BALANCE OF WORLD POWER CONTINUES CHANGING RAPIDLY.

CHIN MIL FORUM POster - AMERICA IS GETTING WEAKER AND WEAKER IN ASIA. Will be forcibly evicted from Asia sometime in new/21st century by China as per the latter's newfound mil power [read - USA will be nationally-geopol weak?].

Posted by JosephMendiola 2008-01-02 20:40|| 2008-01-02 20:40|| Front Page Top

#6 Also from CMF > KENT EWING [Hong Kong] - CHINA FACES A SECOND LAND REVOLUTION. Pro-reform andor Anti-Govt. Cyber War already being waged by Net-saavy upset Chin farmers.

Posted by JosephMendiola 2008-01-02 20:43|| 2008-01-02 20:43|| Front Page Top