Author: chinadaily

China's economy to become world's biggest in 2035: study [Copy link] 中文

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Post time 2008-7-9 22:58:28 |Display all floors
it will be a long march to meet this point .

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Post time 2008-7-9 23:06:55 |Display all floors
So that's why every institution is based in New York City right now rather than The Hague or Brussels.

The idea that international organizations will shift to China is pretty laughable, they get placed where they are for a variety of reasons, it doesn't track economics.
"Justice prevails... evil justice."

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Post time 2008-7-10 01:49:20 |Display all floors

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Post time 2008-7-10 02:19:56 |Display all floors

get a load of this...

http://www.news.com.au/business/story/0,23636,23997216-31037,00.html

US aerospace giant Boeing has forecast a global marketplace for new aircraft worth $US3.2 trillion ($3.36 trillion) over the next two decades, with China overtaking North America by 2027.

The world's airlines and freight companies will need about 29,400 new aircraft over the next 20 years, including orders made since the start of 2008, Boeing said today in its Current Market Outlook for 2008.

The company had forecast last year that the global market would be worth $US2.8 trillion ($2.94 trillion) up to 2026, with new orders totalling 28,600 aircraft.

"The Chinese market today is very small but 20 years from now it will be bigger than today's North American market,'' said Randy Tinseth, vice president of marketing, unveiling Boeing's 20-year outlook.

"We're seeing a very dynamic and challenging situation today in the commercial aviation industry,'' he said.

"In the past we've faced many other challenges, recessions and oil crises, and what we have learned is that we are in a very resilient industry.''

Boeing's latest forecasts are based on global economic growth of 3.2 per cent annually throughout the forecast period, with passenger traffic rising 5.0 per cent and cargo 5.8 per cent per year.

"We see a bigger demand for replacing older, less efficient aircraft,'' Mr Tinseth said.

"We're seeing an increasing share of airplane deliveries to the Asia Pacific region, as well as the Middle East, Latin America and the Commonwealth of Independent States (CIS, formerly the Soviet Union),'' he said.

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Post time 2008-7-10 04:30:43 |Display all floors

Hm...

... it seems that article from Melbourne Age was deleted - and this one inserted.  I wonder why?

Oh yes, that nagging issue of the cost of transportation and inefficient tooling eating away at the "low cost of P.R. Chinese" labor.
China's Eccentric 'Uncle Laowai' from Chicago, IL

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Post time 2008-7-10 07:28:36 |Display all floors

Reply #7 pjtran's post

You could be right pj, about the immigrants but somehow, I don't see our governments allowing shiploads of Chinese folks to emigrate, breed and eventually, outnumber us in our own countries. You could be right about chinese being the second language of many countries though, although English will remain the predominant international one for a loooong time, if not indefinitely. Good points though, well done!

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Post time 2008-7-10 08:24:54 |Display all floors
Geez some people really just have way too much optimism.

China's growth economically by 2035 and 2050 will just be one thing. China's diplomatic clout will increase by leaps and bounds in that time and it's certain China's political system will have reformed considerably. That reform won't take the path the West will like, but it will ultimately amount to a democratic system. In some area's China actually has better guarantees for people's rights, like worker's rights. As corruption and abuse of power begin getting removed those rights will be better protected.

On the military side China will definitely be at an amazing level by 2035 and 2050. The J-XX will probably enter service next decade and that would make it a world-scale military power. An aircraft carrier or two in the next decade is almost a certainty, maybe even one this decade. China's naval buildup, air force buildup, and ground forces buildup will also be operating alongside major space developments and greater innovation.

Anyone suggesting the U.S. will somehow not be a secondary power by 2050 is kidding themselves. The future is China's, some people are just gonna have to get used to that idea. Don't worry, China isn't that scary.

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