The red currency/note displayed in the graphic is not Chinese money (I think it is Korean), get it right?!! Such ignorant Brit! Gordon Chang's book "The coming collapse of China" is 20 yrs old, yet China is marching at 10% per year! Not a very good prediction, is it!
Whilst i applaud Ms. Moyo's stand on this issue. Some of the things she said in the interview was flaky. Such as per capita income. China will ner reach the same per capita income as the US simply because it's population so far bigger.
Considering China already has a higher PPP GDP rating than the US, population means nothing when already the middle class in China alone is bigger than the US population as a whole.
Furthermore how much of this wealth is actual wealth and how much is produced by the false growth of deregulated finance that has been around since the 1980s, there's a good reason America's economy is falling and has more to do with domestic economic policies than China's rise.
@Player0 When you are nearly $15 trillion growing at 3% a year adds a France or a UK every year to the US GDP. Over 5 years that is another $10 trillion. How can you also be sure of the figures released by the Chinese statistics.
If that has any real worth in the world than how can you explain why it is China is such a large creditor nation and these countries are up to their necks in debt with no way to actually pay the Chinese back for all the money they've loan them, or the fact that Chinese companies are now primarily responsible for large scale infrastructure projects in the developing world.
In real terms how much is that growth actually worth as QE is making the dollars worthless?
Well articulated Dambiso. The west are currently focusing on short term fixes like austerity measures while ignoring China's expansion. The next big bubble is on the horizon when the dollar will fail to meet it's obligation as a global currency.
wtf i wwanted to hear what gordon had to say about china!
tilorb 2 months ago
Why did they cut off Gordon? Thats just disrespectful!
ebonyarko769 9 months ago
@ebonyarko769 Because he's been "predicting the collapse of china" for 20 years now
walle1999 4 months ago
gordon is just another chinese traitor
MultiAlpha111 10 months ago
gordan chang is a taiwanese idiot, he has no clue about economics let alone chinese economy.
stealthpakfa 1 year ago
The red currency/note displayed in the graphic is not Chinese money (I think it is Korean), get it right?!! Such ignorant Brit! Gordon Chang's book "The coming collapse of China" is 20 yrs old, yet China is marching at 10% per year! Not a very good prediction, is it!
wildwheelie 1 year ago
Gordon Chan?? LOL ...... ignorant idiot! Hes the one who is making money of off CHina! Remember that book he wrote? Its about CHina!
12gigiJAbomBOMba 1 year ago
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Whilst i applaud Ms. Moyo's stand on this issue. Some of the things she said in the interview was flaky. Such as per capita income. China will ner reach the same per capita income as the US simply because it's population so far bigger.
shussey100 1 year ago
@shussey100
Never? Not even in 2300?
17Spartacus76 1 year ago
@shussey100
Considering China already has a higher PPP GDP rating than the US, population means nothing when already the middle class in China alone is bigger than the US population as a whole.
Furthermore how much of this wealth is actual wealth and how much is produced by the false growth of deregulated finance that has been around since the 1980s, there's a good reason America's economy is falling and has more to do with domestic economic policies than China's rise.
Player0 1 year ago
This has been flagged as spam show
@Player0 When you are nearly $15 trillion growing at 3% a year adds a France or a UK every year to the US GDP. Over 5 years that is another $10 trillion. How can you also be sure of the figures released by the Chinese statistics.
shussey100 1 year ago
@shussey100
If that has any real worth in the world than how can you explain why it is China is such a large creditor nation and these countries are up to their necks in debt with no way to actually pay the Chinese back for all the money they've loan them, or the fact that Chinese companies are now primarily responsible for large scale infrastructure projects in the developing world.
In real terms how much is that growth actually worth as QE is making the dollars worthless?
Player0 1 year ago
@shussey100
how can u be so sure of the american statistics. no one believes the US statistics.
stealthpakfa 1 year ago
Well articulated Dambiso. The west are currently focusing on short term fixes like austerity measures while ignoring China's expansion. The next big bubble is on the horizon when the dollar will fail to meet it's obligation as a global currency.
TheGongstar 1 year ago