Author Topic: China poised to pass US as world’s leading economic power this year  (Read 328 times)

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Offline mystery-ak

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http://www.ft.com/cms/s/0/d79ffff8-cfb7-11e3-9b2b-00144feabdc0.html



April 30, 2014 1:01 am
China poised to pass US as world’s leading economic power this year

By Chris Giles, Economics Editor

The US is on the brink of losing its status as the world’s largest economy, and is likely to slip behind China this year, sooner than widely anticipated, according to the world’s leading statistical agencies.

The US has been the global leader since overtaking the UK in 1872. Most economists previously thought China would pull ahead in 2019.

The figures, compiled by the International Comparison Program hosted by the World Bank, are the most authoritative estimates of what money can buy in different countries and are used by most public and private sector organisations, such as the International Monetary Fund. This is the first time they have been updated since 2005.

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Offline rangerrebew

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Re: China poised to pass US as world’s leading economic power this year
« Reply #1 on: April 30, 2014, 09:37:48 AM »
This news must make Obama absolutely orgasmic!
"Of all the dispositions and habits which lead to political prosperity, religion and morality are indispensable supports. In vain would that man claim tribute to patriotism who should labor to subvert these great pillars of human happiness -- these firmest props of the duties of men and citizens. . . . reason and experience both forbid us to expect that national morality can prevail in exclusion of religious principles."
George Washington

"Only a virtuous people are capable of freedom. As nations become more corrupt and vicious, they have more need of masters."
Benjamin Franklin

Offline flowers

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Re: China poised to pass US as world’s leading economic power this year
« Reply #2 on: April 30, 2014, 10:34:34 AM »
This news must make Obama absolutely orgasmic!
you know it does.



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