China surpassed Japan as the world's second largest economy today. It is on track to overtake the United States by 2025.
If you count the European Union as one economic zone (as most economists do, as they share a currency and cannot independently adjust their own economic policy), then the EU surpassed the United States in 2007.
China 2nd Largest Economy
China 2nd Largest Economy
Lakshmi.Jaerik said:
If you count the European Union as one economic zone (as most economists do, as they share a currency and cannot independently adjust their own economic policy), then the EU surpassed the United States in 2007.
You'll never take our pounds away!
[+]
The sleeping giant has awaken.
isnt sleeping anymore...
isnt sleeping anymore...
[+]
Seems like outsourcing is coming back to bite us in the *** huh?
Lakshmi.Aeyela said:
Lakshmi.Jaerik said:
If you count the European Union as one economic zone (as most economists do, as they share a currency and cannot independently adjust their own economic policy), then the EU surpassed the United States in 2007.
You'll never take our pounds away!
There's a fat joke in there somewhere...
[+]
Is the UK part of the EU in that sense? Seeming as England in particular spazzed about the Euro and as such we still use the Pound. Edit: Dammit Aeyela. D=
You'll never take our pounds away!
There's a fat joke in there somewhere...
Edit 2: Fat guy, reporting in to be offended. ^^b
Fairy.Spence said:
Lakshmi.Aeyela said:
Lakshmi.Jaerik said:
If you count the European Union as one economic zone (as most economists do, as they share a currency and cannot independently adjust their own economic policy), then the EU surpassed the United States in 2007.
You'll never take our pounds away!
There's a fat joke in there somewhere...
Edit 2: Fat guy, reporting in to be offended. ^^b
[+]
Lakshmi.Jaerik said:
China surpassed Japan as the world's second largest economy today. It is on track to overtake the United States by 2025.
If you count the European Union as one economic zone (as most economists do, as they share a currency and cannot independently adjust their own economic policy), then the EU surpassed the United States in 2007.
If you count the European Union as one economic zone (as most economists do, as they share a currency and cannot independently adjust their own economic policy), then the EU surpassed the United States in 2007.
China (and India) will just see the same economic trending that occurred in Japan and Taiwan in the late 20th century...they will shift from cheap-labour manufacturing zones into full-fledged consumers and service industries. Certainly this may take many years to fully occur in such a large country with diverse regions, but the pattern will likely hold out (barring any world wars.)
Then the world will shift to Africa for its cheap labour. China has already begun making economic overtures to various African nations to secure manufacturing, mineral resource, and shipping arrangements for the coming century.
Then the world will shift to Africa for its cheap labour. China has already begun making economic overtures to various African nations to secure manufacturing, mineral resource, and shipping arrangements for the coming century.
[+]
GBP is the master currency.
[+]
Fairy.Spence said:
Lakshmi.Aeyela said:
Lakshmi.Jaerik said:
If you count the European Union as one economic zone (as most economists do, as they share a currency and cannot independently adjust their own economic policy), then the EU surpassed the United States in 2007.
You'll never take our pounds away!
There's a fat joke in there somewhere...
:p I tried.
Lakshmi.Jaerik said:
China surpassed Japan as the world's second largest economy today. It is on track to overtake the United States by 2025. If you count the European Union as one economic zone (as most economists do, as they share a currency and cannot independently adjust their own economic policy), then the EU surpassed the United States in 2007.
Hang on, if EU passed us in 07, and China just now passed Japan to fall into 2nd place, how is it they're surpassing us in 2025?
Unless I misread something >_>
As in, not including the EU, the US is #1 and China just became #2. If you include the EU, the US is #2 and China just became #3.
Lakshmi.Aeyela said:
You'll never take our pounds away!
I was about to say the same thing!!!!
Then I realized... I'm an American.
And I looked down at my belly
and made myself feel bad...
[+]
Lakshmi.Jaerik said:
As in, not including the EU, the US is #1 and China just became #2. If you include the EU, the US is #2 and China just became #3.
I'm not asking you who's on first!!! >:/
OT: I keep glancing at the title and seeing Chali 2na instead of China 2nd.
*blinks*
*blinks*
Isn't it kind of ironic that a communist nation like China now has the second largest economy? Seems like that should be more of a capitalist thing.
Leviathan.Duvessa said:
Isn't it kind of ironic that a communist nation like China now has the second largest economy? Seems like that should be more of a capitalist thing.
They absorbed Hong Kong and want so badly to get Taiwan. They aren't about to go back to collective farms as a nation-wide economic model anytime soon. They like to pride themselves as a nation "of many systems."
Leviathan.Duvessa said:
Isn't it kind of ironic that a communist nation like China now has the second largest economy? Seems like that should be more of a capitalist thing.
Unlike most of communist countries, China is more "capitalist" than most of (if not all) true capitalist countries. In comparison, Scandinavian countries, Canada, and some others are more "communist" than China.
[+]
Fenrir.Schutz said:
Lakshmi.Jaerik said:
As in, not including the EU, the US is #1 and China just became #2. If you include the EU, the US is #2 and China just became #3.
I'm not asking you who's on first!!! >:/
Including the EU is just cheating!
Ramuh.Dasva said:
Including the EU is just cheating!
I agree, they aren't a single country. Comparing a united economy to a country's economy isn't exactly fair.
Leviathan.Duvessa said:
Ramuh.Dasva said:
Including the EU is just cheating!
I agree, they aren't a single country. Comparing a united economy to a country's economy isn't exactly fair.
I see what you did there.
Quote:
“China is in fact already the second-biggest economy. With the expansion of the economic base, the growth rate should certainly gradually slow down,” Mr Yi, who is also deputy central bank governor, said in an interview on the Safe website.
However, Mr Yi’s comment fell far short of formal seizure of a title that Japan has held for just over four decades, especially given that he did not specify whether he was talking about China’s GDP at market prices or in purchasing power parity terms.
In PPP terms, often a more telling measure of economic weight, China has already been the second-largest economy for years.
China-based economists point out that Tokyo reports detailed and relatively accurate economic data. Beijing’s sketchier numbers potentially under-report its economy by as much as 20 per cent, meaning China may have really been number two for some time, even in dollar terms.
However, Mr Yi’s comment fell far short of formal seizure of a title that Japan has held for just over four decades, especially given that he did not specify whether he was talking about China’s GDP at market prices or in purchasing power parity terms.
In PPP terms, often a more telling measure of economic weight, China has already been the second-largest economy for years.
China-based economists point out that Tokyo reports detailed and relatively accurate economic data. Beijing’s sketchier numbers potentially under-report its economy by as much as 20 per cent, meaning China may have really been number two for some time, even in dollar terms.
Meh
Leviathan.Duvessa said:
Ramuh.Dasva said:
Including the EU is just cheating!
I agree, they aren't a single country. Comparing a united economy to a country's economy isn't exactly fair.
you mad
http://en.wikipedia.org/wiki/Member_State_of_the_European_Union
only takes 27 of them to pass one of us.
only takes 27 of them to pass one of us.
[+]
Alexander.Tidusblitz said:
http://en.wikipedia.org/wiki/Member_State_of_the_European_Union
only takes 27 of them to pass 52 of us.
only takes 27 of them to pass 52 of us.
fixed that for you
[+]
Titan.Ellid said:
Alexander.Tidusblitz said:
http://en.wikipedia.org/wiki/Member_State_of_the_European_Union
only takes 27 of them to pass 52 of us.
only takes 27 of them to pass 52 of us.
fixed that for you
so splitting our country into zones makes us count more? does england have seperate area codes in different areas? maybe we should count cities too....
[+]
Titan.Ellid said:
Alexander.Tidusblitz said:
http://en.wikipedia.org/wiki/Member_State_of_the_European_Union only takes 27 of them to pass one of us.
Unless you want me to start counting ever single territory or region in every single country. As some people in your country already want to be considered seperate
Titan.Ellid said:
Alexander.Tidusblitz said:
http://en.wikipedia.org/wiki/Member_State_of_the_European_Union
only takes 27 of them to pass 52 of us.
only takes 27 of them to pass 52 of us.
fixed that for you
Way to be ignorant Tidus.... lmao
[+]
I think the key-word is countries or states.
I'm not being argumentative, the USA is a collective of countries, so is the EU, so it is fair to make a comparison between them.
I'm not being argumentative, the USA is a collective of countries, so is the EU, so it is fair to make a comparison between them.
All FFXI content and images © 2002-2024 SQUARE ENIX CO., LTD. FINAL
FANTASY is a registered trademark of Square Enix Co., Ltd.