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IMF: China's Economy to Surpass America in 2016

beijingwalker

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America's economic dominance on the world stage could end in five years, according to a new report.

The International Monetary Fund's latest forecast predicts that China's economy will outflank the United States' in 2016.

Published April 25, 2011

| FoxNews.com

The date has been set for when the Chinese economy will officially overtake that of the United States — and it’s only five years away! The International Monetary Fund forecasts that the so-called “Age of America” will end in 2016, The Wall Street Journal reports.

IMF,International Monetary Fund,Chinese economy,Age of America,yuan
“Most people aren’t prepared for this. They aren’t even aware it’s that close. Listen to experts of various stripes, and they will tell you this moment is decades away. The most bearish will put the figure in the mid-2020s,” says the Journal.

The reason for the discrepancy is all in exchange rates, says the Journal. Because the Chinese Yuan is held artificially low, most figures are misleading.

Under the more realistic figure, Chinese purchasing power will rise from $11.2 trillion this year to $19 trillion in 2016, says the IMF forecast. During the same time, U.S. purchasing power will rise only from $15.2 trillion to $18.8 trillion.

“That would take America’s share of the world output down to 17.7 percent, the lowest in modern times. China’s would reach 18 percent, and rising,” according to the Journal.
 
LOL, future predictions are worthless.

The only thing we can count on is what we have today, and work hard for the future.

Anyway, this IMF prediction is just one, out of the many predictions out there.

Let's wait for it to happen first.
 
LOL, future predictions are worthless.

The only thing we can count on is what we have today, and work hard for the future.

Anyway, this IMF prediction is just one, out of the many predictions out there.

Let's wait for it to happen first.

Why 2016?

America's dominance will end in 2014!
The day America leaves Afghanistan, America is quitting international politics!

You know what that means?

SCO might actually get its act together, and by then hopefully have Pakistan as a member.
 
LOL, future predictions are worthless.

The only thing we can count on is what we have today, and work hard for the future.

Anyway, this IMF prediction is just one, out of the many predictions out there.

Let's wait for it to happen first.

I agree,only retards live in their day dreams about promised future,we should focus on what we can do now.
 
China ended US 110-year run as the world's dominant producer last year,year 2010.

Ending a 110-year run for America as the world's dominant producer, China has overtaken the United States as the world's largest manufacturer. According to economics research firm IHS Global Insight, China manufactured 19.9% of the world's goods in 2010, while the U.S. accounted for 19.4%.
 
How can we compare with US if you have seen our latest HD Index...
Rather than GDP figures we need to look at Human Development figure and better future for our next generation..
 
How can we compare with US if you have seen our latest HD Index...
Rather than GDP figures we need to look at Human Development figure and better future for our next generation..
Its true,but we can't deni from the fact the GDP does show the development of the country..
In that case both the figures r good for any nation..
 
How can we compare with US if you have seen our latest HD Index...
Rather than GDP figures we need to look at Human Development figure and better future for our next generation..

The GDP measurement is only the first step to surpass USA.

If you can't even surpass USA in GDP, then forget about to surpass USA in the rest.
 
The GDP measurement is only the first step to surpass USA.

If you can't even surpass USA in GDP, then forget about to surpass USA in the rest.
No No wait..
We both are ahead of them in terms of Population,Poverty,etc...
Sorry for that,
By the way,u r progressing well and we r also catching up...Soon we will be at the top then the competition will be between India-China US will be history by then..:agree:
 

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