Author: mychina

China will have 5 times the GDP of America by 2020 [Copy link] 中文

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Post time 2010-6-21 12:49:22 |Display all floors

It ain't so easy, China needs to generate internal consumption,

....and internal production based on the income generated by the export of the hypermarket, OEM, energy intensive commodities, labour intensive components exports!

So, the Pearl River Delta experiments starts now, 2010!
Where is the new GAIC domestic automobile, and BYD expansion!


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Post time 2010-12-29 15:23:37 |Display all floors
Originally posted by mychina at 2010-6-15 12:30
It is very easy for the GDP of China to be 5 times bigger than the GDP of the US by 2020.

In 2009, the nominal GDP of China was 4.8 trillions based on 7 yuans equal 1 dollar roughly.

If China ...


I do not think that the Yuan will be traded at 1 yuan = 1 dollar by 2020.

I think it more likely that the yuan will trade at around 2 yuans = 1 dollar by 2020.

But even if the yuan was only worth 50 cents,  that would increase the nominal GDP of China to 51 trillion dollars by 2020,  making the nominal GDP of China nearly 3 times bigger than the GDP of America by 2020.

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Post time 2010-12-30 12:09:01 |Display all floors

Reply #16 chinanumber1's post

With the DOLLAR MINT, it's likely that you prediction could come true.....

cheeerios!

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Post time 2010-12-30 14:42:30 |Display all floors
I don't think Chinese economic continues fast growing in the next decade.

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Post time 2010-12-30 14:53:19 |Display all floors
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BilkSing's Golden Rule

Software==80%[all design & innovation]

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Post time 2010-12-30 22:51:13 |Display all floors

China will have 5 times the GDP of America by 2020

Great news!

But into this issue, China faces a great challenge: distribute this wealth fairly to the enjoyment of the entire population instead to concentrated it to the benefit of a few individuals. If China is able to make this distribution fairly, it'll be raising the most prosperous nation in the world, envied by the rest of planet.

As China is rising in the world stage, it is in the focus of the world audience and I as a Chinese hope that the country do not disappoint us. :)

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Post time 2010-12-31 00:29:45 |Display all floors

The reason for GDP growth

is the Chinese government is paying horrible price buying greenback to keep exchange rate the same.  Who will buy a chinese product that is worth twice as much.

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