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11-12-2008, 03:03 PM #35Senior Member
obamaconomics
You are absolutely correct:thumbsup: Most analysts project the the torch to be passed somewhere between 2015-2025 at the latest.
There are only two possible ways, one being to more than double their population, the other by merely improving their production efficiency by about 20%.
China has just unleashed a stimulus package, in terms of % of GDP, would be roughly equivalent to the initial US bailout package.
China: ($586 billion) / ($10.7 trillion) = approximately 5.5% of GDP
US: ($13.3 trillion) * (.055) = approximately $732 billion
What this suggest is that China, in the upcoming years, will greatly improve production efficiency, by upgrading their infrastructure, and providing more growth opportunities for their citizens with this stimulus.
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