Chinese Economics Thread

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Bob Smith

Junior Member
Registered Member
cbl21 said:
Hell, if China lets the RMB Yuan appreciate to at least ¥1 RMB= $0.167985 USD, i.e. $1 USD= ¥5.9529 RMB, China could very well economically overtake the US, once and for all, by 2025 in this metric, once and for all shutting Anglo media up. My personal view is that the RMB is on an underlying upward appreciation trend over the next decade, so this very well could be possible. Currently, ¥1 RMB = $0.148222 USD, so the RMB would need to appreciate against the USD by 13.33% between now and the end of 2025, or ~2.5% per year. I think this is very much possible, so keep your fingers crossed!

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The IMF figures has it as 1 USD = 6.65 RMB in the estimates for 2025. 6 RMB per USD is entirely possible by 2025. Should be interesting to watch the US be dethroned after over a century of being the world's number 1 economic power.
 
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OppositeDay

Senior Member
Registered Member
Bob Smith said:
IMF forecasts that came out this morning estimates Chinese nominal GDP will be about 90% of US nominal GDP by the end of 2025.

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It also estimates Chinese nominal GDP will be larger than European Union nominal GDP by the end of this year.

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It also predicts the Chinese GDP to grow from 5.13 times that of India in 2019 to 5.83 times in 2025. After overtaking the U.S., the next two milestones I'm looking forward are
1) Matching Japan in GDP per capita
2) Having an economy 10 times the size of India's
 
Gatekeeper

Gatekeeper

Brigadier
Registered Member
Trade war are easy to win!

China’s exports to the United States, bolstered in part by strong shipments of medical equipment, shot up by 20.36 per cent in September, year on year, to US$43.96 billion. Photo: Xinhua

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US election: China’s trade gap with United States was 43 per cent bigger in September than when Donald Trump took office
  • In a record month for Chinese imports, purchases of US goods soared by 24.7 per cent in September from a year earlier, powered by soybeans and hi-tech imports
  • But this was not enough to stop the deficit from rising 18.86 per cent in September from a year ago, or 43.6 per cent since Trump’s first day in charge
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Published: 6:16pm, 13 Oct, 2020

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Bob Smith

Junior Member
Registered Member
OppositeDay said:
It also predicts the Chinese GDP to grow from 5.13 times that of India in 2019 to 5.83 times in 2025. After overtaking the U.S., the next two milestones I'm looking forward are
1) Matching Japan in GDP per capita
2) Having an economy 10 times the size of India's
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India is so hopelessly incompetent that I didn't even want to acknowledge them and use them in any comparison with China.
 
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