China becomes second largest world economy (14Feb11)
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Thanks to the stupid West exporting all their jobs and manufacturing to China, China has managed to overtake the mighty Japanese economy. China is now the second biggest economy in the world. Recorded from Sky News, 14 February 2011.
Comments
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@eric8305 The development is very uneven. You constantly hear about Shenzen, Shanghai, Peking, etc... but not much in other regions.
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"Father of Milk Poisoned Baby Overwhelmed"
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Search on Youtube "Foxconn Suicides Eng Sub 1/3"
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@ymhktravel I don't know which one is worst, but thankfully Japan doesn't do that shit anymore. At least the Japanese are not cheap enough to put industrial glue on baby milk powder or used Cadmium (of all the elements) in children's toys nowadays.
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Currently I doubt any country has an absolute advgt over the other. It's not enough to just talk abt GDP. It just gives part of the whole pic. Personally, I'd also want to look at the national debt and GDP per capita, among other things. Eg. USA gdp is still a bit more than 2x china, n gdp/capita is still much higher. But taking into acct their natl debt, usa abt 14 trillion i think, n i think china's abt 1 trillion, and the whole picture starts to morph.grt income inequality is present in all.
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@Cleric775 Are you kidding? The Thais I prob can agree with you, but haven't you heard of how they cruelly raped the koreans, buried alive the people of chinese descent throughout asia during WW2? Not to mention the massacre (or often called the rape of) of Nanjing.
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@BloodguardGorak Foxxcon released an employment contract with one of the terms stating "I promise not to commit suicide or sue the company".
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@tojoconfused The Chinese have done far more stupid things than you realized. Far far more stupid things. I don't know what you're doubting, but at least I know the Thais and the Japanese are not that bad.
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The evils are; Corruption and Crony Capitalism. The only thing special about China is it exploits its population more efficiently then us. Send in Team America - Fuck Yeah!
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I would say that China is already #1 as they now have a larger manufacturing capacity than the US.
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@crowsonatv The USA also has poverty and they claim to have even larger economy than everyone else.
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China over-taking Japan.... NOOOOOOOO!!! No way.... No way they will ever take over Japan. Their human standards are far less inferior than those on the Japanese islands. They will never surpass the Japanese at all levels.
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@0muffins0 It's what I was thinking. US economy is finished.
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