The second-largest economy in the world
After three decades of spectacular growth, China passed Japan in the second quarter to become the world’s second-largest economy behind the United States, according to government figures released early Monday.
The milestone, though anticipated for some time, is the most striking evidence yet that China’s ascendance is for real and that the rest of the world will have to reckon with a new economic superpower.
The recognition came early Monday, when Tokyo said that Japan’s economy was valued at about $1.28 trillion in the second quarter, slightly below China’s $1.33 trillion. Japan’s economy grew 0.4 percent in the quarter, Tokyo said, substantially less than forecast. That weakness suggests that China’s economy will race past Japan’s for the full year.
Experts say unseating Japan — and in recent years passing Germany, France and Great Britain — underscores China’s growing clout and bolsters forecasts that China will pass the United States as the world’s biggest economy as early as 2030. America’s gross domestic product was about $14 trillion in 2009.
Source: http://finance.yahoo.com/news/China-Passes-Japan-as-nytimes-2766831302.h...
And yet the sleeping giant will become mightier and soon would eat the weaker (economies), if not at all the western powers will embrace the economic strategies of Chinese.
good for them
hmmm, all i know is dat i like flexing my muscles IN China, ....
China? Working directly and indirectly? Always, MONEY talks! Lol!
In the end, China may become like Russia or the USA, but at present it is keeping a low profile and flexing its muscles in a different way.
china is secretly upgrading their nuclear arsenal...in years to come, china could be the next bully.
and in that post by wei is the reason the rest of the world should be worried. With such arrogance what will they do with such power? Will they be benign or will they just simply replace american as the bully in the world?
they say..china is the factory of the world..!!
First of all, i like very much when people talk about china. China has grown so much in the last 15 years that even people staying in China do not believe this. The average salary of a person specially in Beijing has increased from 5000 USD per year for a person to 45000 USD per year. We chinese always wanted to get respect on the world stage and beat americans and slowly we are getting that. With now, almost 70% of the Bonds floated for reviving US economy is held with chinese govt out of there 3 trillion dollars of foriegn reserves, we have US economy in our hands. India, China, EU and Middle East already depend on China Imports. No wonder in next 10-15 years we would be number 1. what you call here ... Inshallah.
lol moonblues...we say exactly the opposite dialouge for LALU and BIHAR...HAHAHHAHAHA
It is Mumbai not Bombay. Thackeray's will throw you out. Why not send Indians to Shanghai,surely in few years they will turn Shanghai into Mumbai.
A successful story of the great Chineese takeway.. Go china Go china.
Guys, this thread is about CHINA and not INDIA, so all you bloody Indians start talking Chinese now... :-P
no tinker, i will not see tat thread Instead i will SEE you only.....:)
We are going to conquer the world soon, be NICE to Indians ;-)
Products made in China are everywhere...they don't just manufacture, they DUPLICATE almost everything!
How does Indians commenting stop you from commenting Einstein?
learn English! Lol!
http://www.charchaa.com/six_retro_images_of_old_bombay_no_mumbaiite_should_miss?page=0%2C5
Can we cannot find any other nationality posting their brilliant ideas here except Indian? To be honest i am feed up of this species they are anywhere, occupying every inch of this beautiful world! You people should have your own website and exclusive forum. MOD is it possible to minimize their number to give chance for others? LOL
made in china? :)
Arrey speedy, i like MUMBAI in all ways..I wasn't born that time..Could u plzz let me know how OLD BOMBAY used to look like?? :))))
colt, i know the truth...We can never succeed in this..lol
abe dhakkan...u were in Shanghai or with Subhash Ghai....lol
our ministers have planned to make Bombay like Shanghai in their dreams... it's all a money making racket for them... I was recently in Shanghai and you can't imagine how much ahead they are in comparison to Bombay :-(
Leave alone Shangai, let us be 'Bombay' back again! O I miss the Old Bombay..sigh!
anymore in China. To some extent, maybe but the way the present dispensation is handling the economy, one might really think on turning to communism!
How many communist success stories you know vselldreams?
which plant saeedkhan ?
Cactus plant ?
hey colt, do you have any idea about the plan that our ministers were thinking to make MUMBAI as second SHANGHAI???? I think the project has got shelved...
when you order from China, make sure that you are ordering the best quality.
Then the price will be more, mind you...
Communists know how to develop the country better than the Capatalists do. Let us all become Communists.
1/3 of the worlds population what do we expect....
and if you compare it to India, phew!!! We are a good number of years behind them in terms of infrastructure.
calamities China is suffering now. How they turned the over-population into a positive one is really amazing. And understanding it inside China will never make you wonder how they did it!
This is just the beginning, China is still a developing country. So it has a lot of room to grow. It has the biggest impact on commodity prices — in Russia, India, Australia and Latin America.
They should not be allowed to deliberately devalue their currency any longer. Their exports are killing everyone else.
So ?
good for them.