Chossudovsky: China could already be world's largest economy

It's widely predicted that China's economy will be the largest in the world by 2020, overtaking the U.S. Only this week the country surpassed Japan to become the world's second biggest economy by GDP. And earlier this year it officially overtook Germany to become the biggest exporter. However, Michel Chossudovsky from the centre for research of globalisation in Canada says China's economy could ALREADY be the biggest in the world, as GDP is not representative of the actual strength of an economy.

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• Michel Chossudovsky
• China economy
• Russia China
• US China
• RT
• China biggest economy

[assoonas1]

@obsidianstatue huge cheap labor force that is slowly becoming not so cheap. I'm sorry I confused you into thinking I'm scared but that simply is not the case.

China is great and there is little any country can do about that. The only issue I have is when people come on here and bash the country that is still the largest econmy in the world even with all its problems.

I wish the best for China and the U.S.

[1JesseW]

@forgottenmemories63 The Communist regime isn't perfect, but so far it is the best for China. 

[Dimitri0809]

@fdoca

Yes and the USA is worth alone 280 trillion in assets. USA will stay no 1 in the next 100 years.

[Dimitri0809]

@volure1

I have doubts china will be as powerful as you think it will be. most of the chinese economy is supplied by western investments and it's these western investements that is keeping your economy booming, china is just slave worker to these investments, china does not produce anything of unique economic value and not to mention china would not be anywhere if it weren't for the west.

keep sewing my clothes commie.

[sangolt88]

The longer the China crash awaits, the bigger the explosion will be.

[volure1]

Go China haha we will be the best New up rise deal with it America lol.

[arodspecialist]

@assoonas1 Dear Youtuber, I must commend you on your perspective and professionalism. US certainly have their econoic and political woes, but they still lead in many industries which China can learn from. As a Chinese citizen who also have an American citizenship (by marriage) I can say throughly enjoyed the hospitality that both countries have shown and provided me. Idiots love to compare, but rarely know history and circumstance. This world's small so lets hope we can achieve good for all.

[fdoca]

China already world's largest economy , unlike U.S r based on comsumption and service related based GDP. China is production & export based

Beside,

U.S has nagative debt of 64 trillion on balance sheet

[arodspecialist]

@forgottenmemories63 Not to offend, but I hope you are not one of the goofballs on here still watching 1960s Mao propaganda fims and think that is WHO we are today. We have the biggest economy, yearly revenue at +$256B avg, biggest dam, biggest military, and so forth. So Communist still sucks? BTW, we had a 150 years late start after all them European nations and Japan fucked us when we were weak. Revenge is a dish best served cold, and right now, you are only seeing the preparation part.

[arodspecialist]

@forgottenmemories63 Are you still thinking of the Communist regime that were led by the Russian leads and were forced to adhere to their visions? Or are you talking about hte Communist Party leaders since Deng Xiao Ping who risked their lifes against the military followers of Mao after his death to make changes to national policy, leadership, and economic reform? You can never imagine a free China because it will never happen. We were ruled with an Iron fist with open trade values for 5000yrs