Posts tagged ‘Economic growth’

January 7, 2011

China and India in pictures

From Peter Hoskins in the Spectator:

1. This first graph suggests that – allowing for the relative values of different currencies – China’s GDP will top the US’s around 2020. India’s does likewise just before the 2050 endpoint:

2. The picture for each country’s GDP as a percentage of the world economy is more eye-catching still. Here, the US drops consistently from now until 2050, while China and India rise inexorably:

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September 16, 2010

Spectre of communism haunts Chinese elite

With the US empire in terminal decline, China has become essential to the globally integrated capitalist economy. It is now the world’s second largest economy, having officially overtaken its neighbour Japan, with a gross domestic product of over a trillion US dollars in the second quarter of 2010. It has long enjoyed gargantuan economic growth, and even weathered the storm of the global economic crisis up to this point. But its status as “sweatshop of the world” now seems extremely vulnerable to both internal and external shocks, and a period of huge social upheaval is on the horizon. [READ THE REST]