The news is abuzz with China's recent stock market crash. The naysayers are all coming out. Not that they were ever hiding, but now it's a parade - with horns and drums to toot! Some reports are however darn right silly. For example in this CNBS report titled How China might have given itself a black eye, a reporter would first accuse China of committing the sin of … [Read more...] about So China is Doomed Because of a 30% market crash … ?
GDP
(Letter) How fast China can catch up the US in GDP? It may be faster than you think.
In 2002, the GDP of China was 10.2 trillion yuan, and the GDP of the US was 10.6 trillion US dollar. At the year-end exchange rate, China's GDP was 11.7% of the US'. In 2007, the GDP of China was 24.7 trillion yuan, and the GDP of the US was 14.0 trillion US dollar. At the end-end exchange rate, China's GDP was 24.0% of the US'. If we assume the relative paces of the … [Read more...] about (Letter) How fast China can catch up the US in GDP? It may be faster than you think.