The news casts a deepening cloud over the future of the dollar as the world’s dominant currency as well as Washington’s attempts to close the budget gap and rein in the nation’s ballooning debt.
But politicians argue Beijing’s technology is lagging behind and much of China lives in poverty. The Asian country also trails way behind the U.S. in output per person.
In 2009 the IMF calculated gross domestic product per head in the U.S. at £28,000, compared to £2,500 in China.
Read more: http://www.dailymail.co.uk/news/article-1380486/The-Age-America-ends-2016-IMF-predicts-year-Chinas-economy-surpass-US.html#ixzz1agIdo95t
D - they forgot CO2 emissions. China is now in the lead.
When Chindia - China and India - are considered together, we may well see the East eclipse the West more generally. China and India will surpass the English-speaking nations when considered together.
With power comes clout.
Slowly, the language of commerce will shift to that of the most successful commercial nation- China.
Unless, of course, their Mao-leaning next leadership candidate engages in another Cultural Revolution in a coupla years.
Mr. Bo and Mr. Wang are not only provincial Party bosses, but rivals for coveted spots on the nine-man Standing Committee of the Politburo – the top of China's power pyramid – during the once-in-a-decade leadership shuffle set to take place over the next year. And the regions they now govern offer starkly differing models for the direction China should head next.
D. Aside. I'm reading a book on the philosophy of Confucius right now. I can see why the Chinese leaders are hyping it. It does emphasize adhering to one's social role and respect for family elders.
Conversely, it decries a wealth-oriented materialist as a xiaoren - a 'small man'.
The book contains a chapter on the importance of correct naming and terms in language. Or else we get social disorder. This may make the idea of CVN - a Mandarin-friendly precise language- appealing.
I am also reading an introductory Chinese language book. I need to understand their grammar more.