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Reply #59: Saying China is going to fail, because everyone they trade with will fail, [View All]

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muriel_volestrangler Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-10-08 11:31 AM
Response to Reply #56
59. Saying China is going to fail, because everyone they trade with will fail,
is not going to help your argument that one of those other economies will become bigger than China's. The EU does not use just one currency - that's the Euro Zone, and that's why the different terms appear in different places in lists (and, hey, the World tops the CIA list - but it's an entity made up from several countries, and so it doesn't count in the lists of "the biggest economy", either now, or in 2035 - and neither does the EU. That's obvious, otherwise the economist would have compared China to the EU, and ignored the USA since that would have already been in 2nd place).

Your only chance to say that some country will have a larger economy than China is to say its internal economy will be larger (tricky, though you can try to put a case for India doing it, since their adult population will overtake China's around then - but they're coming from further behind than China in terms of current GDP), or that another country will out-trade China - and, apart from India, you seem to think all the major trading economies are going to crash. The more that you predict world trade is going to crash, the more likely that the largest country in terms of population is going to end up the largest economy.
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