IMF Prediction: China to surpass US as world’s largest economy
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China is poised to overtake the US as the world's largest economy way ahead of schedule. The IMF predicts that by the end of the year China's GDP, adjusted to the countries relatively low cost of living, will be $17.6 trillion, topping the US essentially that means, even though a typical person in China earns less than their American counterpart, they can afford more with their money. RT LIVE http://rt.com/on-air Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday Like us on Facebook http://www.facebook.com/RTnews Follow us on Twitter http://twitter.com/RT_com Follow us on Instagram http://instagram.com/rt Follow us on Google+ http://plus.google.com/+RT RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.
Comments
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0:56 third world country or second world
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I saw the comments about capitalism of China. The rising of China is not saying that capitalism beats socialism. China has both capitalism and socialism, and these two means cooperates with each other in any level of assigning society wealth. Please do not define China as national capitalism. Or you could do this unless you have fully understood about China's economy.
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kmt waiting on it
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China should kick US out and take over the head seat of IMF
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We Chinese never never never believe it will happen in 20s, even my home dog is laughing at this. We Chinese long long way to match with the U.S, it is a fact!
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Latest from the IMF is that China is already the number one economy
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As an Indian I want to see Russia not China, Communist China replaced the vaccume created by Soviet Union. I don't know why Russian cant see that China has taken their place not US"s
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Yeah fuck the STATES
Let the chinese dominate the world for a change!!!! -
But the US far surpasses China in terms of hypocrite/war-wager...
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I'm from the US and happy China is doing well. U guys make some good stuff I can afford and I appreciate your hard work.
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US economy is still big and now china has surpassed it if we count the ppp i mean what you money can buy in your country for example a pack of Marlboro cigarets in the us cost 06 us$ while it costs 2 or 3 us$ in china- but if when count the first creater of the money using the BIP the USA is still so fan from all the other countries with 18620 trillion and china 11548 trillion
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no they wont they will be overpopulated and almost will be in reccesion
USA still a number 1 economy -
Bye Bye USA LOL
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God bless America.....20 century
God bless China.........21 century -
I feel nothing about it because my bank account is still the same
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No no, this is fake as hell. I'm Chinese, the government gives the fake number of the GDP, the real GDP is one forth of the one the claimed or even less. Most of us living in an extremely poor life, we can't even afford eggs and coca cola. You can't believe I'm this county, if you can afford the eggs, it shows you a rich person. People from west and central parts of China are even still eating grasses as food. I'm being serious, we are as poor as most african countries. And it is INDIA who will be the next super power.
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China has no eyes to rule this world! he he he eh. FACTS: A declassified US diplomatic cable revealed that in 2007, Li, who was then secretary general of Liaoning Province, had told the US ambassador that Chinese GDP statistics were "man-made" and "for reference only". Even Russia, India plus China have no eyes to rule this world. Chinese made money thru fake and cheap products to the Africa and Latin America, they are still dependents.
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Bwahahaha!
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china numero UNO
is done NOw!!
end of game !!
but you can talk talk...........talk!!
talk...........talk !!!
is good for you !! -
Well, it's now happened.
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