Author Topic: China poised to pass US as world’s leading economic power this year  (Read 294 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!
There is danger from all men. The only maxim of a free government ought to be to trust no man living with power to endanger the public liberty.
Public virtue cannot exist in a nation without private, and public virtue is the only foundation of republics. There must be a positive passion for the public good, the public interest, honour, power and glory, established in the minds of the people, or there can be no republican government, nor any real liberty: and this public passion must be superior to all private passions. John Adams

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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