Watch out U.S

[Triballife]

If the U.S doesn't get its shit together you'll fall to number 2. And don't think it can't happen.


China passes Japan as world's No. 2 economy
Last Updated: Friday, July 30, 2010 | 4:53 PM ET
CBC News

China has overtaken Japan to become the second-largest economy in the world, a senior Chinese official said Friday.

"China, in fact, is now already the world's second-largest economy," China's currency regulator, Yi Gang, said in an interview posted on the agency's website.

Estimates from the IMF, World Bank and independent economists predict China will likely supplant the United States' economy as the world's largest by 2025.

While the country's massive manufacturing base makes that a likely bet to happen in the next decade, a lot hinges on what China decides to do with its undervalued currency.

China does not allow its currency to float on the open market, a practice that critics say undervalues it and allows it to artificially boost its exporting clout.

The Chinese economy has grown by an average of more than 10 per cent per year for much of the past decade. Rampant growth like that raises the spectre of inflation, which in turn eats into growth.

The country has also only begun to tackle complex labour and environmental issues as its economy develops, and it's unclear what impact those factors might have on its explosive economic growth.

Earlier this month, the International Energy Agency estimated that China had already supplanted the U.S. as the world's largest consumer of oil, a claim Beijing disputes.

Official data from China is always viewed with a healthy dose of skepticism, but China is generally believed to have passed Germany as the world's third-largest economy some time in 2007.

[Ron Mexico]

Scared me...

thought you were gonna say Canada

[Mendoza Line]

Thanks for looking out, Tribal. We'll try to be more careful.

[Mendoza Line]

Just need a couple more elections....

[PHILLYBIRDS20]

Originally Posted by Ron Mexico

Scared me...

thought you were gonna say Canada

slingshots and canoes are deadly

[mark12]

Nah canadians are forced to brag about other countries accomplishments. Have none of their own.

[Mendoza Line]

Originally Posted by PHILLYBIRDS20

slingshots and canoes are deadly

like Dennis Leary said, "you can hear them up there sharpening their skates right now."

[Mendoza Line]

Originally Posted by mark12

Nah canadians are forced to brag about other countries accomplishments. Have none of their own.

invented basketball (James Naismith was a Canuck) and the snowblower

[Triballife]

Originally Posted by mark12

Nah canadians are forced to brag about other countries accomplishments. Have none of their own.

Lol, at least our economy is in decent shape and our banks didn't shit the bed like yours, sorry to say but the U.S is not the country to look up too and emulate economically anymore, cause if the rest of the world did we'd be up shits creek, I was just posting a story, why get all defensive. I guess the U.s invented 'Capitalism how to fuk it up American Style'. You guys better shut up or we'll show up at the border with our lacrosse sticks and pre-made FROZEN snowballs.

[Triballife]

Originally Posted by Mendoza Line

like Dennis Leary said, "you can hear them up there sharpening their skates right now."

They're almost ready...


Watch your backs.