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Old 04-02-2008, 01:21 PM  
Vick!
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Quote:
Originally Posted by ADL Colin View Post
"IF China's GDP were to grow indefinitely at 11 percent a year -- 9 percent real growth plus 2 percent inflation -- and the U.S. experienced 5.5 percent growth -- 3.5 percent real and 2 percent inflation -- it would take the Chinese 40 years to catch up in terms of nominal GDP. "

Quite obviously 10%+ annual growth rate for four decades is a hell of an achievement. Not sure how likely that is. The US used to have that high of growth. On the other hand, China only needs GDP per capita about 1/4 that of the US in order to match its total GDP output because of its massive population.
you didn't mentioned the decline in US economy resulted by useless wars, ditching of USD and adoption of EURO as currency of trade between countries etc etc.
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