http://www.foxnews.com/world/2014/12/05/china-surpasses-us-to-become-largest-world-economy/ I don't think it really matters though....you have to remember who is buying their products.
I wonder though if Credit Notes and Reimbursements for crap goods are reflected in China's Balance Sheets. OK to say OH! we sold so much but do they ever mention the Claw Backs. We all know how Accountants can make things look better than they really are. JP
I was reading about that also, China is now #1. Whatever the situation presently, there is no doubt that in years to come, China will certainly have improved their lot very quickly, and end up with products that are as well respected as those in Japan. I remember when the Datsun Bluebird first was released in Australia, most Aussies laughed about the cheap and nasty Jap Junk to their mates. But, secretly went out and bought one anyway.............lol..........:D And, also China's economy and military might will be huge, and definitely be force to reckon with and merit being very friendly toward..........ha ha ha ha ha
This is what worries me, not their economy. However big their military is now just imagine if they decided that all those factories they have needed to start spitting out military equipment. I don't think many countries could keep up with the production levels. The more tech patents they buy the more advanced their military could potentially become. Not much anyone can do about it though. You can't deny them a right to a better life because of what might happen. Looks like the US/West will have to start to rely more heavily on diplomacy than with their military.
Our Australian Prime Minister does not do everything wrong, quite the contrary in many cases, and signing a free trade agreement with China, among other Asian Countries is smart, and also negotiating a closer military tie with China, is also good, I guess we can call that "diplomacy".........lol:D We have to be nice, we are only 23M souls against China's,............? .........sorry I don't have that many zeros on my laptop............ha ha ha ha. Besides, Chinese are buying many residential properties in Oz, as well as Farms and Dairies. They do not have to go to war against us, just buy us..............:( Australia has to be friendly to almost all nations, our guns are not enough nor big enough..............lol. Except we are not taking any crap from Russia or ISIS.
