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China poised to pass US as world’s leading economic power this year
The Financial Times ^ | April 30, 2014 | Chris Giles, Economics Editor

Posted on 04/30/2014 1:46:29 AM PDT by 2ndDivisionVet

The US is on the brink of losing its status as the world’s largest economy, and is likely to slip behind China this year, sooner than widely anticipated, according to the world’s leading statistical agencies.

The US has been the global leader since overtaking the UK in 1872. Most economists previously thought China would pull ahead in 2019....

(Excerpt) Read more at ft.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: china; economy; obama; trade
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To: 2ndDivisionVet

We could reverse this real fast. Just raise the import tariffs and cut income taxes by an equal amount.

Industry would return to the U.S. Americans would be employed again. China would be trying to figure out how to feed it’s population instead of challenging us militarily.


21 posted on 04/30/2014 8:37:46 AM PDT by DannyTN
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To: Count of Monte Fisto

You’re not supposed to remember the details of that assassination attempt, citizen!


22 posted on 04/30/2014 9:04:06 AM PDT by 2ndDivisionVet (I will raise $2M for Cruz and/or Palin's next run, what will you do?)
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To: 2ndDivisionVet
You’re not supposed to remember the details of that assassination attempt, citizen!

I'll put it down the memory hole and remember it correctly next time.

23 posted on 04/30/2014 9:25:56 AM PDT by Count of Monte Fisto (The foundation of modern society is the denial of reality.)
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To: Sirius Lee; Old Yeller

I agree, of course, about what has happened to our own country. Can’t deny that we are losing some of our freedom. Just thought I would point out part of the reason China seems to be ahead.


24 posted on 04/30/2014 11:30:09 AM PDT by firebrand
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To: 2ndDivisionVet
The long-delayed event is expected to happen sometime next Tuesday afternoon about tea time.

OK. Without checking I'm guessing that there are 400 million Chinese citizens in the enterprise zones. Fine we have something like 300 million -- BUT! every citizen of America is in an enterprise zone.

There are probably 800 million Chinese citizens who are not yet included in all the economic glory of Red China.

Which reminds me..

When are the Chi-Coms going to pay the rest of what they owe us?

United States Free Enterprise, INC.

INVOICE

Your Treasury certificates are your payment receipts. Thank you.

25 posted on 04/30/2014 11:40:09 AM PDT by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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