CHINA NOW WORLD'S LARGEST ECONOMY - United States Slips to the 2nd Largest Economy
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SUBSCRIBE to ELITE NWO AGENDA for Latest on GLOBAL RESET / CHINA / NEW WORLD ORDER / GOLD / SILVER / COLLAPSE OF AMERICA http://www.youtube.com/EliteNWOAgenda CHINA NOW WORLD'S LARGEST ECONOMY - United States Slips to the 2nd Largest Economy As if we needed more depressing news with the social upheaval, foreign policy failures and a crushing national debt that has just topped $18 trillion, the International Monetary Fund has noticed that the U.S. is no longer the world's No. 1 economy. We have slipped to No. 2, behind China, a Communist dictatorship. China becoming the world's largest economy comes as no surprise. In the past two decades, as China moved away from a centralized economy to a communist version of free-market capitalism, it was no longer if China would become the world's largest economy but when. it’s official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet. It just happened — and almost nobody noticed. "Our money" is now "their money" because American consumers and businesses buy lots of Chinese products and pay for them in dollars, leaving China with trillions in our currency. They use our money not just for military purposes but also to buy U.S. bonds to underwrite our annual deficits. That is a dangerous combination, which is why I have said the greatest threat long term to U.S. security is China, not radical Muslims. China May Dump Dollar Unfortunately, things are changing at a pace that is much faster than most people ever thought possible. The following are 26 other ways that China has surpassed America… #1 When you add up all imports and exports, China now accounts for more total global trade than the United States does. #2 There is now more total corporate debt in China than there is in the United States. #3 During 2013, we sold about 121 billion dollars worth of stuff to the Chinese, but they sold about 440 billion dollars worth of stuff to us. That was the largest trade deficit that one nation has had with another nation in the history of the world. #4 China is now the leading manufacturer of goods in the entire world. china u.s. usa america "united states" economy world global leader power "peter schiff" economic consumer import export dollar usd "u.s. dollar" yuan "china yuan" rmb currency forex "forex trading" "rmb bank account" "bank of china" chinese factory wholesale "american dream" products "made in china" trade 2014 2015 cheap sales sale money cash wealth wealthy investment domestic life shenzhen hk "Hong Kong" beijing gold silver "gold bullion" prepared war future humanity debt loan finance "credit card" "elite nwo agenda" jim rogers singapore marc faber demcad jsnip4 rawdogletard gerald celente alex jones infowars david icke lindsey williams louis farrakhan end game george soros bilderberg east west power jobs japan ww3 currency war trade war #5 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Today, China’s high-tech exportsare more than twice the size of U.S. high-tech exports. #6 The United States had been the leading consumer of energy in the world for about 100 years, but during the summer of 2010 China took over the number one spot. #7 China now has the largest new car market in the entire world. #8 China has more foreign currency reserves than anyone else on the planet. #9 China is the number one gold producer in the world. #10 China is also the number one gold importer in the world. #11 15 years ago, China was 14th in the world in published scientific research articles. But now, China is expected to pass the United States and become number one very shortly. #12 China is also expected to soon become the global leader in patent filings. #13 China awards more doctoral degrees in engineering each year than the United States does. #14 China has the world’s fastest train and the world’s most extensive high-speed rail network. #15 China uses more cement than the rest of the world combined. #16 Today, China produces nearly twice as much beer as the United States does. #17 85 percent of all artificial Christmas trees are made in China. #18 There are more pigs in China than in the next 43 pork producing nationscombined. #19 China is now the number one producer of wind and solar power on the entire globe. #20 China produces more than twice as much cotton as the United States does. #21 China produces more than three times as much coal as the United States does. #22 China now produces 11 times as much steel as the United States does. #23 China controls over 90 percent of the total global supply of rare earth elements. #24 An investigation by the U.S. Senate Committee on Armed Services foundmore than one million counterfeit Chinese parts in the Department of Defense supply chain.
Comments
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us is a bankrupt economy
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I'd like to see somebody says that "China now is the biggest economy is a joke." heheXD
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Big joke. Blatantly false.
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I can told u guys. Right know USA is still No.1! But in future Hmmmmmmm
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All because, China sending junk stuffs to all over the world, it is not for now only propaganda.
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AND ALL IT TOOK WAS MILLIONS OF INFERIOR PRODUCTS
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a strong chinese currency would make china uninteresting for other markets Outsourcing right now is transfered to poorer states because of this reason
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Thats why Trump don't like China like most Americans because the U.S enjoy number 1 for a long time and they start lossing it to the Chinese....I think the Americans of this generation were just born at the wrong time to see something that they don't wanna see
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china your not the worlds number 1 economy... youre the worlds number 1 dependents... you need our money to buy your goods.. got it....!!!??
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Chinese economy will have major correction thus stay out of Chinese market. Chinese stock markets are rigged where you can't short stocks, no options to hedge itself and people are afraid to sell stocks because you can end up in jail for protecting their investment. Their government is pumping up their stock market by putting more cash reserve into the market which isn't sustainable. Their banks are extended with bad loans and their investment is stretched oversea while world market is cooling down. Manipulating their currency will also cause damages to world currency system. Next 7 years, we will experience bear market but in China, you can't short stocks or hedge yourself with options thus they have to keep pumping their cash reserve which isn't sustainable. Their income is rising thus they are losing cheap labor for manufacturing to SE Asian countries with almost 700 million people. They also have serious environment problems with air and water which will cause major health problems. Even Chinese government officials said their data are not reliable with 7% growth which I don't think that figure is correct. Its more like 4% and will decrease in the future due to size of their economy. Last 30 years, China experienced hyper growth thus its about time that growth will slow down like in Japan and S Korea. It will need major shake up in Chinese economic system to sustain growth but it will be more like 3-5%. Countries rely on Chinese economy must diverse its economy and investment.
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I call bullshit: USA is 1; Japan is two; Germany is three; Mexico is four: china is 12.
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And now china has fallen back to 2nd place. It's a close race folks the United States is coming back but the dragon isn't giving up who will be #1!!!?????
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大国崛起往往意味着帝国权力的交接。以更长的时段来考察,西方对于世界的支配地位是从18世纪开始的,英国正是崛起于东西大分流的浪潮之中,而随后美国崛起则是故事的延续,美国从19世纪后期超过英国之后,占据世界第一的位置已经超过140年。公允地看,帝国崛起并不仅仅是坚船利炮的胜利,也是一种价值观的竞争。历史学家指出,即使英国在其鼎盛时刻(1870到1913年间),其国防开支也仅仅占其国民生产净值的3%多一点,此前甚至更低。背后原因,正是在于英国当时通过推行其价值观,不仅将自由贸易模式推行全球,自身也深受其益。
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china is the biggest inflated economy built by the west..china has no oil deposit.,they have no iron deposit.,all they have is coal and everything is imported from abroad..
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Fake us is 1 china is 2 Germany 3 japan 4
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Fact & Rational - USA/America is the largest debtor nation in the history of world there's no country in history with such huge debt. 18.5 Trillion Dollar national Debt as of now
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No, I think China has just copied America's ' WORLD'S LARGEST ECONOMY ' LOL
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China largest economy? hahaha
tell me another joke!!!! -
Millions of Chinese still live under proverty in China...only propaganda this report...
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Half a year later china slips back into second and if you don't know what I'm talking about search in on google "china stock market crash 2015"
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