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216 Comments
- CoD4, on 05/18/2009, -5/+59no no, i said wings with PLAIN fried rice
- HappyScrappy, on 05/18/2009, -3/+52They have very substantial financial reserves. And a big economy.
But if they manage 8% growth this year, they're pulling shenanigans to do it. Their economy is very strongly based upon exports and with a world recession they are clearly experiencing lower production and exports. Just go look at the factories in Shenzen, check the flow of people into the factories. It's way down, the government was warning foreigners to be careful near the factories because the large groups of newly unemployed workers were just hanging out and causing trouble since they had no work. - MrInfallible, on 05/18/2009, -1/+36We have to summon the Mongolians! It's the only way to stop them!
- MrInfallible, on 05/18/2009, -3/+38Well I would argue that while China has been a major power in past historical periods, it was never a world power as America is in today's globalised world. For the first time China can have a large influence on countries in South America and Africa and can effect government policies far afield, the way America has done for decades. This has never been the case before hence, rise is correct.
- inactive, on 05/18/2009, -28/+54IT's China's RETURN to power, not rise to power. get it through your ignorant heads.
- Mpwns, on 05/18/2009, -3/+27so i guess its only a matter of time before everything lead based is made in america.
- pegothejerk, on 05/18/2009, -6/+29Lately I've been feeling like the U.S. is looking like a peddler or a kid having a garage sale at these meetings.. in 1989 we taught China how to have a garage sale.. now in 2009 we asked them if they want to come over and look through our old game consoles, dishes, toy car and second hand clothes.
- orsinoduke, on 05/18/2009, -1/+23hi hi, I am calling you.
- inactive, on 05/18/2009, -1/+22Day 1 of the 21st century Mongolian invasion:
Dear Diary,
Horsemen warriors equipped with swords and spears not as effective as in years past. - Jonjonr6, on 05/18/2009, -3/+23wait, Jintao, isn't he the bad guy in the Rush Hour movie?
- yarcod, on 05/18/2009, -8/+27USA! USA! USA!
Wait... that doesn't work anymore? *****... I got nothing. - shig, on 05/18/2009, -1/+19A Challenger Appears...
- pathouston22, on 05/18/2009, -7/+24Most of China still lives in extreme poverty. Poverty in America is excellent standards compared to how most Chinese live. China can overtake in terms of numbers, because of sheer population numbers, but they still have a ways to go in modernization.
- Wargala, on 05/18/2009, -19/+36As much as Digg users would LOVE to see the downfall of American power, China isn't even CLOSE to the US when it comes to economic size and power.
- inactive, on 05/18/2009, -2/+17Most of China's financial reporting is smoke and mirrors. There is no doubt they have experienced growth, but the fundamentals of a solid economy are still very lacking in the mainland. Bad debt expense, standard of living, productivity, regulatory efforts, and financial transparency all need to be addressed to bring China on par with its Western counterparts.
- representDLV, on 05/18/2009, -4/+19And their economy depends on the US. We need each other.
- representDLV, on 05/18/2009, -5/+19It's a rise, since they haven't been a major power for hundreds of years
- inactive, on 05/18/2009, -2/+16No. They got butt raeped by the Europeans and the Japanese from the Opium Wars until about 1950. Then, Mao was screwing everything up for a couple of decades. China is just playing catch up.
- falconear, on 05/18/2009, -2/+15Acknowledging reality isn't unpatriotic or hating America. Worry not, we'll be lording over the planet for some time to come. China is just taking their seat at the table. They've learned our game, and they're catching up. It happens.
- inactive, on 05/18/2009, -6/+19Ring ring ring! Is this eramos? Yes, I have some information for you:
Based on household surveys, the poverty rate in China in 1981 was 64% of the population. This rate declined to 10% in 2004, indicating that about 500 million people have climbed out of poverty during this period.
The official poverty rate in the U.S. increased for four consecutive years, from a 26-year low of 11.3% in 2000 to 12.7% in 2004, then declined somewhat to 12.3% in 2006.
- Wikipedia - JuanDCope, on 05/18/2009, -0/+10"Wait, you mean you can't continually give away your manufacturing jobs and stay on top?" -USA
- lensman00, on 05/18/2009, -0/+10Day 2 of the 21st century Mongolian invasion:
Dear Diary,
Yurts are still surprisingly comfortable, although former members of the Grateful Dead keep dropping by to jam. - elscorcho717, on 05/18/2009, -6/+15You're either 1) mentally retarded or 2) 14 years old. China NEEDS the United States if it wants to continue any sort of growth. They are the world's largest holder of US debt and US currency. By "taking out the US now" they'd be effectively ending their own existence as well. The growth they have experienced is a direct result of the demand for manufacturing created by... THE UNITED STATES. Get back to social studies class, kid.
- akhomestead, on 05/18/2009, -3/+12We have this economy because we borrow money from china and exploit their cheap labor.
- inactive, on 05/18/2009, -4/+13"source or stfu"
Just about damn near any source. - tattertech, on 05/18/2009, -2/+11The US still has a competitive advantage in certain areas of manufacturing that won't move to China any time soon. Recent quality control issues in China have only further highlighted that.
- madeinbrasil, on 05/18/2009, -5/+14Yes, of course China could "hurt" the US if it stops producing US's goods, but what if the US stopped buying from China? I'm sure that 8% wouldn't exist anymore. But who would be crazy enough to do that? US needs China, China needs the US, so they just keep things the way they are.
- Pinkertinkle, on 05/18/2009, -0/+9Soviet dominance ended with economic decline and a fiasco of a war in Afghanistan. Sound familiar?
- thcobbs, on 05/18/2009, -6/+15But they do have nukes and a government that will kill you for dissent. Makes it a lot easier to take what you want.
- nietzscheanx, on 05/18/2009, -10/+19very digg worthy
- URnotheonly1, on 05/18/2009, -8/+16Great, then take care of North Korea, it is your international duty. I would expect large amounts of Chinese aid to the hungry of the world.
- PandaBearShenyu, on 05/18/2009, -2/+10How does repressive communist party have anything to do with global capitalist economy? Do you even know what you're saying? China's policy is to not meddle in other country's affairs and just do business, that's what happens in Africa and everyone else they trade with. China won't one day claim to be some world police who goes around bombing everyone they don't like.
So just sit tight in your comfy capitalist economy and read more 1984, thanks. - EarlOfLade, on 05/18/2009, -2/+10If you actually had some information about what goes on in the world and do not rely on US news sources to tell you what does, you would have known that China is already heavily involved with African countries through aid, education, civil engineering experts etc. USA has so little influence in Africa these days that China now basically owns access to all of Africa's enormous amounts of natural resources. Africa will over the next decades be an important partner for China and USA will be left standing outside looking in, loss of influence and natural resource will be a bad thing for this country.
- omgwtflawl, on 05/18/2009, -3/+11"and hold most of the worlds manufacturing"
That isn't true, actually. The US has about as much manufacturing as both China and Japan (the next largest manufacturing powers) combined.
http://en.wikipedia.org/wiki/List_of_countries_by_ ... - blankjob, on 05/18/2009, -1/+9I didn't even waste clicking the link from the title if this article is implying that China is just now becoming a world power. The author must believe the date is 1951
- inactive, on 05/18/2009, -7/+14I for one also welcome our new Chinese overlords.
- InMSWeAntitrust, on 05/18/2009, -0/+7well, that's one way to put it
:3 - Pinkertinkle, on 05/18/2009, -1/+8Only for the last past 2000 yrs.
- inactive, on 05/18/2009, -2/+8Whats your number?
- soccerbud, on 05/18/2009, -0/+6economically? pretty much so. According to historians, China had the largest GDP in the world for 19 out of the past 20 centuries.
But China has always had a large population. For example, Xi'an, China' capital from the 6th-8th century, had over 1 million inhabitants according to historical Chinese census. In comparison, London was just a town of 10,000-20,000 people at the same time. - representDLV, on 05/18/2009, -5/+11You forgot to mention how great Scandinavia is.
- pwaddy, on 05/18/2009, -0/+6'e-i-g-h-t' doesnt sound like 'd-o-g' does it?
but seriously, in chinese '9' sounds like the word for dog....'8' sounds like the word for prosperity, or rich - inactive, on 05/18/2009, -1/+7I like to think China is secretly run by a middle-aged white British man, it all makes sense now!
- norman619, on 05/18/2009, -1/+7But the sad thing is that our economy is not based on production. My father often says he misses the days when America produced produced goods. We are now a services and consumer based economy. We need to get back to producing products. Japanese automakers placing factories here does not really count. Our automobile manufacturing has been suffering from cancer for a long time. The state of this economy has made it pretty clear how sick they were and they are near death. We should stop perfomring CPR on them and allow other US based companies to rise up from their ashes. We should also not allow government to shackle them like it did with the existing companies and help keep them from being competitive on the global market.
It's sad that the only reason we pay the low prices we pay now on most goods is becasue those goods are made by a workfroce paid slave wages. - inactive, on 05/18/2009, -0/+6PRC! PRC! PRC!
- BotchaMcCoola, on 05/18/2009, -2/+7Nice of the USA to be so big hearted. Maybe they want to repay Chinese loans with the new smaller mini-dollars.
- Granfalloon, on 05/18/2009, -2/+7And no starch, please.
- yarcod, on 05/18/2009, -1/+6They've been a military power for quite some time. I think they're just now emerging (or more appropriately, returning) as a financial and, therefore, political power as well.
- Chirp08, on 05/18/2009, -3/+8A lot of their growth is at the sacrifice of their people, history has shown that is not sustainable.
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