哈哈。。中国经济全世界第一了。。# LeisureTime - 读书听歌看电影
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美国沦落第二。
It’s official: America is now No. 2
Hang on to your hats, America.
And throw away that big, fat styrofoam finger while you’re about it.
There’s no easy way to say this, so I’ll just say it. We’re no longer No.
1. Today we’re No. 2. Yes, it’s official. The Chinese economy just
overtook the United States economy to become the largest in the world. For
the first time since Ulysses S. Grant was president, America is no longer
the leading economic power on the planet.
It just happened — and almost nobody noticed.
The International Monetary Fund recently released the latest numbers for the
world economy. And when you measure national economic output in “real”
terms of goods and services, China will this year produce $17.6 trillion —
compared to $17.4 trillion for the U.S.A.
As recently as 2000, we produced nearly three times as much as the Chinese.
To put the numbers slightly differently, China now accounts for 16.5% of the
global economy when measured in real purchasing power terms, compared to 16
.3% for the U.S.
This latest economic earthquake follows the development last year when China
surpassed the U.S. for the first time in terms of global trade.
I first reported this looming development over two years ago, but the moment
came sooner than I or anyone else had predicted. China’s recent decision
to bring gross domestic product calculations in line with international
standards has revealed activity that had previously gone uncounted.
These calculations are based on a well-established and widely used economic
measure known as “purchasing power parity” (or PPP), which measures the
actual output as opposed to fluctuations in foreign exchange rates. So a
Starbucks Venti Frappucino served in Beijing counts the same as a Venti
Frappucino served in Minneapolis, regardless of what happens to be going on
among foreign exchange traders.
Make no mistake. This is a geopolitical earthquake with a high reading on
the Richter scale.
PPP is the real way of comparing economies. It is one reported by the IMF
and was, for example, the one used by McKinsey & Co. consultants back in the
1990s when they undertook a study of economic productivity on behalf of the
British government.
Yes, when you look at mere international exchange rates the U.S. economy
remains bigger than that of China, allegedly by almost 70%. But such
measures, although they are widely followed, are largely meaningless. Does
the U.S. economy really shrink if the dollar falls 10% on international
currency markets? Does the recent plunge in the yen mean the Japanese
economy is vanishing before our eyes?
Back in 2012, when I first reported on these figures, the IMF tried to
challenge the importance of PPP. I was not surprised. It is not in anyone’s
interest at the IMF that people in the western world start focusing too
much on the sheer extent of China’s power. But the PPP data come from the
IMF, not from me. And it is noteworthy that when the IMF’s official World
Economic Outlook compares countries by their share of world output, it does
so using PPP, not mere exchange rates.
Yes, all statistics are open to various quibbles. It is perfectly possible
China’s latest numbers overstate output — or understate them. That may
also be true of U.S. GDP figures. But the IMF data are the best we have.
Make no mistake. This is a geopolitical earthquake with a high reading on
the Richter scale. Throughout history, political and military power have
always depended on economic power. Britain was the workshop of the world
before she ruled the waves. And it was Britain’s relative economic decline
that preceded the collapse of her power.
And it was a similar story with previous hegemonic powers such as France and
Spain.
This will not change anything tomorrow or next week, but it will change
almost everything longer term. We have lived in a world dominated by the U.S
. since at least 1945, and in many ways since the late 19th century. And we
have lived for 200 years — since the Battle of Waterloo in 1815 — in a
world dominated by two reasonably democratic, constitutional countries in
Great Britain and the U.S.A. For all their flaws, the two countries have
been in the vanguard worldwide in terms of civil liberties, democratic
processes, and constitutional rights.
http://www.msn.com/en-us/news/money/it%E2%80%99s-official-ameri
It’s official: America is now No. 2
Hang on to your hats, America.
And throw away that big, fat styrofoam finger while you’re about it.
There’s no easy way to say this, so I’ll just say it. We’re no longer No.
1. Today we’re No. 2. Yes, it’s official. The Chinese economy just
overtook the United States economy to become the largest in the world. For
the first time since Ulysses S. Grant was president, America is no longer
the leading economic power on the planet.
It just happened — and almost nobody noticed.
The International Monetary Fund recently released the latest numbers for the
world economy. And when you measure national economic output in “real”
terms of goods and services, China will this year produce $17.6 trillion —
compared to $17.4 trillion for the U.S.A.
As recently as 2000, we produced nearly three times as much as the Chinese.
To put the numbers slightly differently, China now accounts for 16.5% of the
global economy when measured in real purchasing power terms, compared to 16
.3% for the U.S.
This latest economic earthquake follows the development last year when China
surpassed the U.S. for the first time in terms of global trade.
I first reported this looming development over two years ago, but the moment
came sooner than I or anyone else had predicted. China’s recent decision
to bring gross domestic product calculations in line with international
standards has revealed activity that had previously gone uncounted.
These calculations are based on a well-established and widely used economic
measure known as “purchasing power parity” (or PPP), which measures the
actual output as opposed to fluctuations in foreign exchange rates. So a
Starbucks Venti Frappucino served in Beijing counts the same as a Venti
Frappucino served in Minneapolis, regardless of what happens to be going on
among foreign exchange traders.
Make no mistake. This is a geopolitical earthquake with a high reading on
the Richter scale.
PPP is the real way of comparing economies. It is one reported by the IMF
and was, for example, the one used by McKinsey & Co. consultants back in the
1990s when they undertook a study of economic productivity on behalf of the
British government.
Yes, when you look at mere international exchange rates the U.S. economy
remains bigger than that of China, allegedly by almost 70%. But such
measures, although they are widely followed, are largely meaningless. Does
the U.S. economy really shrink if the dollar falls 10% on international
currency markets? Does the recent plunge in the yen mean the Japanese
economy is vanishing before our eyes?
Back in 2012, when I first reported on these figures, the IMF tried to
challenge the importance of PPP. I was not surprised. It is not in anyone’s
interest at the IMF that people in the western world start focusing too
much on the sheer extent of China’s power. But the PPP data come from the
IMF, not from me. And it is noteworthy that when the IMF’s official World
Economic Outlook compares countries by their share of world output, it does
so using PPP, not mere exchange rates.
Yes, all statistics are open to various quibbles. It is perfectly possible
China’s latest numbers overstate output — or understate them. That may
also be true of U.S. GDP figures. But the IMF data are the best we have.
Make no mistake. This is a geopolitical earthquake with a high reading on
the Richter scale. Throughout history, political and military power have
always depended on economic power. Britain was the workshop of the world
before she ruled the waves. And it was Britain’s relative economic decline
that preceded the collapse of her power.
And it was a similar story with previous hegemonic powers such as France and
Spain.
This will not change anything tomorrow or next week, but it will change
almost everything longer term. We have lived in a world dominated by the U.S
. since at least 1945, and in many ways since the late 19th century. And we
have lived for 200 years — since the Battle of Waterloo in 1815 — in a
world dominated by two reasonably democratic, constitutional countries in
Great Britain and the U.S.A. For all their flaws, the two countries have
been in the vanguard worldwide in terms of civil liberties, democratic
processes, and constitutional rights.
http://www.msn.com/en-us/news/money/it%E2%80%99s-official-ameri
