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A comment on China to Overtake U.S. Economy by 2032.

Re:China to Overtake U.S. Economy by 2032 by mc32 on Tuesday December 26, 2017 @12:00AM (#16007162)
It's interesting to see that while much of Europe's top economies slide down the ladder, Japan is pretty steadfast in maintaining its position as world's no 4 econ --despite all the naysayers and their demographics (which most neoliberal economists insist must change, for them to remain healthy).

Should be interesting to see how China and India use their economic might to influence global culture (i.e soft power).

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Re:China to Overtake U.S. Economy by 2032 by tanilama on Tuesday December 26, 2017 @12:15AM (#16007212)
Japan's GDP per capita in 1995, is 60% more than that of US. Now their GDP per capita is 60% of U.S...which says a lot.

The rank actually doesn't say too much. Japan's power is waning, while European country, I know is controversial and hated by conservatives, has EU. EU has a much bigger representation in world economy in terms of the effects of policy and regularization.

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Re:China to Overtake U.S. Economy by 2032 by mc32 on Tuesday December 26, 2017 @12:27AM (#16007257)
The EU will continue to shape regulation and policy, but with rising China and India, there may be some change in that.

I'd say it's good to have the EU and the US set some regulation minimums (EU is stronger in some areas, the US is stronger in other areas) but China and India will likely begin influencing policies --perhaps for the better. For example, China regulating (banning) the importation of certain rubbish.

W/re GDPP[1], they have always had an issue with productivity vis a vis the US. However, your figures exaggerate the extent, according to this: https://www.bls.gov/ilc/intl_gdp_capita_gdp_hour.htm#table02

[[1], to your point below]GDP per employed person at PPP which to me is more reflective of an economy.

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Re:China to Overtake U.S. Economy by 2032 by tanilama on Tuesday December 26, 2017 @12:37AM (#16007299)
Your referred number is PPP, not GDP.

My source is from World Bank:

https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?location...

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Re:China to Overtake U.S. Economy by 2032 by seanmcdirmid on Tuesday December 26, 2017 @12:35AM (#16007293)
A lot of that was just asset bubbles though. That wealth wasn’t real, just like the Chinese property bubble today.
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Re:China to Overtake U.S. Economy by 2032 by bassman9000 on Tuesday December 26, 2017 @07:51AM (#16008378)
Measured how?

http://hdr.undp.org/en/composite/HDI

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Re:China to Overtake U.S. Economy by 2032 by bsder on Tuesday December 26, 2017 @12:08AM (#16007184)
Um, Japan was #2 and has been sliding down since about 1995-ish.
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Re:China to Overtake U.S. Economy by 2032 by mc32 on Tuesday December 26, 2017 @12:10AM (#16007192)
Understood, but after that they have been holding --and apparently will be able to hold till at least 2032, per pub. On the other hand Euro countries keep losing position.

One can't expect them to hold off countries with 10x their pop.

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