SUPERPOWER CHINA To Become Largest World ECONOMY By 2016 Says OECD.
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SUPERPOWER CHINA To Become Largest World ECONOMY By 2016 Says OECD. The second largest economy in the world, China's promising to increase its influence all across the globe. And as RT's Lucy Kafanov reports, its ambitions are solidly based on its growing economic and military power. America's days of economic dominance aren't over just yet, but one international thinktank says it might come sooner than once thought. According to one group, China will have the biggest world economy by 2016. The Organisation for Economic Co-operation and Development (OECD) out of Paris writes in a new report that China will be the world's leading nation in terms of economy in just four years' time, with other BRICs nations likely to usurp the current top dogs during the next few decades as well. "The next 50 years will see major changes in country shares in world GDP," the OECD report released this week reads. "On the basis of 2005 purchasing power parities (PPPs), China is projected to surpass the Euro Area in a year or so and the United States in a few more years, to become the largest economy in the world, and India is projected to surpass Japan in the next year or two and the Euro area in about 20 years." Additionally, the OECD predicts that China and India will together have a GDP that will beat out that of the G7 nations by as early as 2025, and by 2060 they expect Indian to out-perform the US on its own. "As the largest and fastest-growing emerging countries fully assume a more prominent place in the global economy, we will face new challenges to ensure a prosperous and sustainable world for all. Education and productivity will be the main drivers of future growth, and should be policy priorities worldwide," said OECD Secretary-General Angel Gurria adds in an accompanying statement published with the report. Asa Johansson, senior economist at the OECD, says, "It is quite a shift in the balance of economic power we are going to see in the future." According to projections published in the report, the United States' share of the global gross domestic product will shrink to 18 percent in 2030, then 17 percent three decades later. Currently, the US is responsible for nearly a quarter, but by 2060, India is expected to have a slightly larger economy, generation 18 percent of the world's GDP, as Japan and the Euro zone lose influence in international finances. Last year, the US-China Economic and Security Review Commission predict that China's yuan, or renminbi, could become the main reserve currency for the world economy within the next decade if it continues to rise up over the US dollar. "Chinese economic dominance is more imminent and more broad-based -- encompassing output, trade and currency -- than is currently recognized," economist Arvind Subramanian wrote last year. "By 2030, this dominance could resemble that of the United States in the 1970s and the United Kingdom around 1870. And this economic dominance will in turn elevate the renminbi to premier reserve currency status much sooner than currently expected." TAGS: China Takeover Trade War China Company Partner Free Market Auto Industry Tax Jobs Investments Research Education Clean Energy Technology Exports Currency Progress Military War Iraq Growth Pacific Power Ships Commerce International Standards Leadership OECD David Icke Alex Jones New World Order NWO Illuminati Conspiracy Truth Bush Government Propaganda Brain Washing WW3 wwiii Globalist Elite Takeover Gerald Celente Max Keiser Financial Economic Crisis Freedom Economy Tyranny 9/11 911 FBI CIA Zion Zionism Zionist Rothschild Royal Family Tsiyonuttimes
Comments
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16 years to go ........
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So it is October 2016 and China is no way a superpower.
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Big deal... just more and more whites will be working under chinese bosses.. that's about all there is.. we will all still be working for money and living our lives as usual..
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China does not want to be the world superpower,only a regional power to take care of all its defence need,all the weapons currently possessed are for deterrence purpose,capable enough even to denial US 7 fleet in the Asia Pacific Region
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China will never become a superpower bla bla bla hahaha keep dreaming Yankees your time is coming up soon I say give it 20 years , and why don't you Yankees do what your goid at attacking countries with no armies thinking your bad , you would dare attack Iran Russia or china you pussys
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I am Chinese and china is not that nice
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Chinese people live in the protection of their families unlike the USA. They know better how to handle finances.
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What do you mean by using Philippines and Japan as proxies? How do they use them as proxies?
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Yes, it's very odd. There are a number of reasons they could be doing this, and most of them are bad. Most of the New World order wealth seems to be going to China.
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have you seen chinas new cities they have been buildnig all over the place? some are even in africa. just search chinas empty cities, it will mind boggle you. i think the plan is too start moving people into these cities to better contain them
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promise
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Short lived. China needs to do major infrastructure upgrades, and the economic collapse will hit them the same as anyplace else.
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