With the help of Africa, definitely. There is so much mineral resources China is digging up, all for a song.
And sales of new cars. Here is why:...China already leads The United States in total exports.
Will it supersede US one day?
I should hope so. They have more people. Hopefully they will eventually embrace democracy and real capitalism, which will mean that they begin to output more than our limited population.
To want China to remain behind us is to wish a miserable existence for a billion people just because they are a different color. In other words: Racism.
And sales of new cars. Here is why:
Graphs from Economist special report at: http://www.economist.com/opinion/displaystory.cfm?story_id=13063298
China's Middle class is now larger than total US population and their income is rapidly growing (2008 purchases up 22% on 2007) US sales have fallen off a cliff as everyone is either scared or up to the eyeballs indebt already (most are both) Chinese debt is low at all levels from the peasant to the top of government, which has about 10 trillion in its pocket to help their economy fend off the "made in USA" depression that is coming.
After the Chinese learn what credit cards are and how to spend more than their income with them, they too can have a generation or two of rapid prosperity and then collapse - about 2050, I would guess.
Incomes and numbers don't matter. The simple fact is that China produces stuff, even if its junk, they produce and create stuff and so the economy is ranked by production capacity. The USA produces nothing but debt, we basically live off credit.
I came here sure that China would be the leading super power in the coming decades, I am now almost certain this will not be the case.
Damn happy I can speak Mandarin!If I were a young man I sure would be learning to speak Mandarin.
I'm in complete agreement with this. China produces some of the most phenomenal wastes of money and has a remarkably poor education system. Very, very far behind the West in many respects.All evidence I have seen, however, is to the contrary. The stagnant culture amongst those who are responsible for implementation and regulation of Government mandates gives birth to results that I can only describe as ridiculous.
There are reasons above simply the one-child policy that will make this interesting to watch. The culture has changed massively. The current 40+ generation saves because their primary desire is to see their child's wealth. They are deeply driven by the more traditional sense of family wealth. Much like my grandparents' generation in Canada (75+) they experienced extreme poverty (well beyond that in Canada, frankly) and will work hard to save small amounts of money.It will be interesting to watch the savings rate over the coming decade or two.
Are you an idiot? China is not behind us, they own us. Did you look at the national debt? Do you know who owns the dollar and the federal reserve? China is our owner.
Your first sentence is why Hillary went to beg from China.Were like 1 or 2 trillion dollars in debt. That's big. But compared to 14.3 trillion dollar gdp it can kiss our ass.
The GDP of the USA on its WORST day is three times that as China on it's BEST day.