George Friedman: China and the US

How does China fit into the recovery from the economic and financial crisis?

This Carnegie Council event took place on January 26, 2010. For complete video, audio, and transcript, go to: http://www.cceia.org

Category:

News & Politics

Tags:

• George Friedman
• China
• US
• US-China relations
• economic recovery
• China economy
• US economy
• poverty in china
• economic crisis
• financial crisis

[chairde]

This man is brilliant.

[afewminutesforyou]

what he says is absolutely true

[TOTCD]

@energyalt56 you are comparing GDP ( purchase power parity) with GDP ( nominal )

You have no idea what you're talking about.

The US had an avarage growth of 4% from 1993 to 2000.

4 % for such a large economy is much higher than the 10% growth china had back then.

[IsisStarlights]

@petersz98 China, still.

[petersz98]

50 million Americans are on food stamps! 15% of Americans are unemployed. LOL! So which is poorer America or China?

[boxingyao]

China's per capita income is a lot higher than what this guy claimed!! Go there and see it for yourself!! Also China's per capita debt is much much lower than that of the US because Chinese believe in the virtue of saving. It is a sad reality that American have been led to believe they are still the richest, and most powerful!! It's time to wake up and smell the coffee!!

[energyalt56]

Go to China see urself ! Just checked, China today already reach $11.2 trillion, from 8 month ago at $4.8 tn,

only short 3.5tn compare to z U.S 14.7tn.

China house hold income in 2011 to 12 is now $6,700 & rising, now he said $80 pm? He is joking

China has concecutive growth ave at 10% for z past 30 years.

The China-USA Gap become wider & wider, their cloud computing, alternation energy dev, large scale hoiusing,infrausture build up, has no end sight

[SkullKing11841]

@fdoca For China to maintain it's current path and economic growth it needs a growth of at least 8% per annum, which h is impossible and makes your comment impossible, plus if the U.S doesn't want china to get to big and powerful it just has to stop buying it's export's. Because hardly any of the population (1.1 billion of 1.3) can afford to buy or needs to buy what china makes and exports.

[fdoca]

Rediculos, George Friedman should vist China today to see how ""Chinese speed "" progress, in 2016, CHINA WILL SURPASS $15 trillion GDP OVER U.S, IMF report stated, Beside China has no debt, unlike z U.S has 64 trillion nagative obligation in balance sheet. China's decade growth over 10% GDP a year will continue to become a mega superpower, specially China just start her econmic success journey at current $4000 a year income level.

[redwhitedude]

@matchbox555 not so. Most of people are still poor. Meaning they can't afford to buy but the bare essentials. Not much of a consumer culture there. Only a fraction of people are middle class. This means they don't have much of a domestic market so they have to rely on foreign markets especially US. Also it can lead to instability if people are thrown out of work with protest from people who have no safety net. What he says makes sense whether he is right on is another matter.

[matchbox555]

this is complete nonsense