Posted on 03/06/2008 11:15:46 PM PST by steelboy
China's economy will keep growing fast for up to 30 more years thanks to its vast domestic market and foreign investment, incoming World Bank chief economist Justin Lin Yifu said Friday.
(Excerpt) Read more at news.yahoo.com ...
the housing boom will never end ... Japan will own 94% of America by 1996, The Soviet Union will continue to exist into the 2200s or so according to Arthur C. Clark.
When the china bubble bursts I’ll be highly amused.
Well that’s a sure sign there’s not much time left...
Ceteris paribus as they say in Latin. Well I hope we all will be around to see this “great” country “grown up” in 30 years :)
10, 20 _or_ 30 years? That’s a hell of a lot of wiggle room. Given that “fast” economic growth is often described in the 5% range, I’m sure it’s likely China will be capable of years of growth that fast in 20 years time. That’s not out of line with studies, some of which have found China would eventually overtake U.S. GDP, others that have found China would pull to peer range but lose its high-growth period by that point. Much of China’s growth for even the most optimistic GDP projections, by the way, comes from currency revaluation, with a dramatic rise of the yuan against the dollar resulting in an aggregate GDP that grows far more rapidly than “annual GDP growth” would otherwise indicate. Be careful what you wish for on that note.
Yes, and the Third Reich would hold for a thousand years.
Can China’s economy grow without the US economy pulling it?
And what, in the history of the World Bank, indicates they have anything remotely resembling economic acumen?
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