Monday, April 17, 2006
China is now the 4th largest economy in the world... WOW
I had no idea how powerful the Chinese economy had become in such a short time. Mark my words... with the decline of the US economy will come the rise of China as the world's economic superpower. Give it about 25 years or so before you see some really dramatic changes.
I just can't see the US continuing to have such great consumer spending and over-reliance on monetary investments from outside over the next few decades and still surviving the growing trade deficits it is having with countries like China.
I don't know about you, but the next language I try to learn (after Korean), is Chinese.
see this article for more:
http://business.timesonline.co.uk/article/0,,13132-2137778,00.html
I just can't see the US continuing to have such great consumer spending and over-reliance on monetary investments from outside over the next few decades and still surviving the growing trade deficits it is having with countries like China.
I don't know about you, but the next language I try to learn (after Korean), is Chinese.
see this article for more:
http://business.timesonline.co.uk/article/0,,13132-2137778,00.html
