Author Topic: China poised to pass US as world’s leading economic power this year  (Read 301 times)

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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!
Abraham Lincoln:

There is no grievance that is a fit object of redress by mob law.
--January 27, 1838 Lyceum Address

Don't interfere with anything in the Constitution. That must be maintained, for it is the only safeguard of our liberties. And not to Democrats alone do I make this appeal, but to all who love these
great and true principles.
--August 27, 1856 Speech at Kalamazoo, Michigan

Let us then turn this government back into the channel in which the framers of the Constitution originally placed it.
--July 10, 1858 Speech at Chicago

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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