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Did you know that a couple of years China has gone to Germany with a larger gross domestic product? In fact, China is now the third largest economy world. Only the United States and Japan are ahead of him. However, it is closing in the statistical value of Japan today, and most world economists believe that China will surpass Japan's GDP by 2012. In fact, if they allow their currency to float, and get some tailwind for inflation, all we learn that they have already passed Japan's GDP.
If this concern of the United States? Doubtful, because even if China goes to Japan U.S. 2012 U.S. GDP will remain more than three times that value. Many people do not realize how big the economic engine of the U.S. is, but is well ahead of the rest of the world, which is considered the only economic superpower in the world. No other nation can touch us right now. However, if China can continue with year-over-year growth of between 5 to 10%, it is conceivable that China could overtake the U.S. in 2050.
Many who read this article may think that's a long time away, but if you're in your 20s or 30s now, you will be alive to see what happens. Even many people in their 40s and 50s will around 2050, and that if human science does not discover a way of increasing life expectancy.
In any case, the reality is that China and India, behind her someday surpass the U.S. in GDP. The writing is on the wall, and the Chinese are very excited about our future economic success could bring. While there is nothing written in stone and China still has to work all the bugs out, their future looks bright, and perhaps that is why President Obama was at his best conduct during his last visit there. In fact, I hope you please consider this.
Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank. Lance Winslow believes China is no sleeping Dragon.
Authors@Google: Rick Steves