It’s official: America is now No. 2 in economy. China is No. 1

[kaine123]

China is still a fucking shitty place to live in compared to the United States so I don't understand how this even fucking matters.

[Boilrig]

There is basically no way to beat the Chinese economy.

[hagbard]

china's growth reminds me of japan in the 90s right before it got burnt out on central bank money. 10% growth can be a bad sign. china better be careful to not end up with a lost decade.

[Sableye]

[QUOTE=hagbard;46641989]china's growth reminds me of japan in the 90s right before it got burnt out on central bank money. 10% growth can be a bad sign. china better be careful to not end up with a lost decade.[/QUOTE]

[url]http://www.smh.com.au/business/china/china-could-be-the-next-japan-merrill-lynch-analysts-20140912-10fiqm.html[/url]

if merrill lynch says their debt is toxic, i think their debt might be toxic after all they know a few things about toxic debt
[quote]"We will unlikely see a resolution to the long-overdue bad debt recognition and financial system recap issue until the political dust settles. Unfortunately for the market, this appears to be at least a year or two away."
[/quote]

china's been hiding their debt to inflate their numbers, when they run out of cash is a crap shoot, but they'll run out soon

[Exnem]

“Let her sleep, for when she wakes she will shake the world.”

[editline]5th December 2014[/editline]

[QUOTE=_Kent_;46640268]Doesn't matter if China has a bigger economy if they are wearing our blue jeans and listening to our pop music.[/QUOTE]

They're going to make their own K-POP styled Music.

[wewt!]

[QUOTE=AntonioR;46640575]Because of that same reason I thought you would know it was a joke.[/QUOTE]
Oh
oops

[Wint3r]

Well, I guess we can just nuke them now.

[swebonny]

-snip-

You know what. Forget it. Sorry for my shit behavior.

[spaceghost]

[QUOTE=Ragekipz;46637458]China, the superpower driven by coal. Needless to say, they won't get far unless they fix that.[/QUOTE]

They are switching to nuclear power, slowly.

[viperfan7]

So how long you think until china's bubble bursts?

[Sableye]

[QUOTE=viperfan7;46646004]So how long you think until china's bubble bursts?[/QUOTE]

depends really, if the chinese government is compacent, it'll burst and crash their realestate market which will domino their construction, local governments, and then state creditors, causing a chain of zombie loans and banks dragging down their economy for decades,

or they could be proactive and bring down the bubble slowly and let state-firms fail so they can get rid of the debt

[LSK]

[media]http://www.youtube.com/watch?v=d5ab8BOu4LE[/media]

This could not be more relevant at this point in time.

[Colliseemoe2]

[QUOTE=Black;46642789]They're going to make their own K-POP styled Music.[/QUOTE]

C-pop is a thing already but no one really cares about it.

[Impact1986]

[QUOTE=Colliseemoe;46646074]C-pop is a thing already but no one really cares about it.[/QUOTE]

C-pop.
C-pop run.
Run, pop, run!