North Korea

[dstudent]

Only one I found that claimed that and that was 3 years ago everyone else says its not, but hey why let facts get in the way

Which indicators are you using? Again there are different ways to asses an economy and depending on which indicator, you have different results plus there are different issues China exports more and imports less. External debts is in billions not trillions like in the US. Its foreign and gold reseves do runs over 3000 trillions as opposed US' s 150 or so billions.
Current account balance is in plus, US is in very much minus.
Edit this article gives a good explenation of what I m saying.
http://amp.weforum.org/agenda/2016/12/the-world-s-top-economy-the-us-vs-china-in-five-charts
https://en.m.wikipedia.org/wiki/World_economy
http://www.investopedia.com/articles/investing/022415/worlds-top-10-economies.asp

 

[dstudent]

I don't agree with you assessment of China at all.

Most high tech is Taiwan and USA, with the USA the top dog by far.

USA companies, like most other companies, farm out manufacturing to the cheapest solution worldwide. It doesn't have to be China but it currently is.

Other than assembling tat what else is China good for ?

world leader in gross value of industrial output; mining and ore processing, iron, steel, aluminum, and other metals, coal; machine building; armaments; textiles and apparel; petroleum; cement; chemicals; fertilizers; consumer products (including footwear, toys, and electronics); food processing; transportation equipment, including automobiles, rail cars and locomotives, ships, aircraft; telecommunications equipment, commercial space launch vehicles, satellites
world leader in gross value of agricultural output; rice, wheat, potatoes, corn, peanuts, tea, millet, barley, apples, cotton, oilseed; pork; fish

Ps I think this is up to 2013. I will try to get a more current one, just for you

 

[rob1]

Which indicators are you using? Again there are different ways to asses an economy and depending on which indicator, you have different results plus there are different issues China exports more and imports less. External debts is in billions not trillions like in the US. Its foreign and gold reseves do runs over 3000 trillions as opposed US' s 150 or so billions.
Current account balance is in plus, US is in very much minus.
Edit this article gives a good explenation of what I m saying.
http://amp.weforum.org/agenda/2016/12/the-world-s-top-economy-the-us-vs-china-in-five-charts
https://en.m.wikipedia.org/wiki/World_economy
http://www.investopedia.com/articles/investing/022415/worlds-top-10-economies.asp

The biggest economy is the one with the biggest GDP simple,if china carries on as it is now then somewhen in the next twenty years or so it will become the biggest which considering it has 20% of the worlds population is not a shock

 

[dstudent]

The biggest economy is the one with the biggest GDP simple,if china carries on as it is now then somewhen in the next twenty years or so it will become the biggest which considering it has 20% of the worlds population is not a shock

No it s not at least according to the IMF World Bank and generally all the economists in the world again different indicators see attachments above.
But hei why let facts in the way of a good story

 

[turbo]

No it s not at least according to the IMF World Bank and generally all the economists in the world
But hei why let facts in the way of a good story

Is this the same well respected IMF,world bank and economists that didn't see the crash coming

 

[rob1]

No it s not at least according to the IMF World Bank and generally all the economists in the world again different indicators see attachments above.
But hei why let facts in the way of a good story

World bank latest figuresUS 18,000 billion,china 11,000 million, investopedia is the same . You dont seem to be able to grasp the difference between REAL gdp and adjusted PPP gdp,

 

[dstudent]

Is this the same well respected IMF,world bank and economists that didn't see the crash coming

@turbo I don t trust either of them for many reasons, however this type of data you can easly be checked and it s collected by different bodies and economist Rob is not wrong USA's gdp is the highest but it s one of the many indicators. Growth is another China's is double than USA's.
Usa is still top dog in many areas but China is getting there

 

[dstudent]

World bank latest figuresUS 18,000 billion,china 11,000 million, investopedia is the same . You dont seem to be able to grasp the difference between REAL gdp and adjusted PPP gdp,

I do but but do you?

 

[turbo]

@turbo I don t trust either of them for many reasons, however this type of data you can easly be checked and it s collected by different bodies and economist Rob is not wrong USA's gdp is the highest but it s one of the many indicators. Growth is another China's is double than USA's.
Usa is still top dog in many areas but China is getting there

Double digit growth from a very low base is easy,it's keeping it up there once you have a good gdp

 

[Henarar]

who gives a sh!t which has the largest gdp or anything else that can be measured for that matter, as long as the silly sh1!s don't drag us in to another pointless war who gives a dam

 

[dstudent]

who gives a sh!t which has the largest gdp or anything else that can be measured for that matter, as long as the silly sh1!s don't drag us in to another pointless war who gives a dam

And a very goodmorning to you too

 

[Henarar]

And a very goodmorning to you too

morning

 

[arbel]

I don't agree with you assessment of China at all.

Most high tech is Taiwan and USA, with the USA the top dog by far.

USA companies, like most other companies, farm out manufacturing to the cheapest solution worldwide. It doesn't have to be China but it currently is.

Other than assembling tat what else is China good for ?

By and large, the quality products that come out of China are from Western companies that have established their factories there to take advantage of the lower labour costs. They can then apply the appropriate quality control standards that we regard as being normal. However, labour costs in China have risen steeply in most sectors and there is the cost of carriage and import duty to consider as well.

I visit China frequently, usually to sort out quality issues and the standard generally is not improving. In fact, it's quite depressing sometimes, trying to teach a bunch of factory workers skills which we would take for granted in general manufacture.

So your analysis is close to the mark. No.1 Economy for Tat.

 

[Muck Spreader]

By and large, the quality products that come out of China are from Western companies that have established their factories there to take advantage of the lower labour costs. They can then apply the appropriate quality control standards that we regard as being normal. However, labour costs in China have risen steeply in most sectors and there is the cost of carriage and import duty to consider as well.

I visit China frequently, usually to sort out quality issues and the standard generally is not improving. In fact, it's quite depressing sometimes, trying to teach a bunch of factory workers skills which we would take for granted in general manufacture.

So your analysis is close to the mark. No.1 Economy for Tat.

You should probably be careful what you say, you wouldn't want to end up doing a Gerald Ratner.

 

[arbel]

You should probably be careful what you say, you wouldn't want to end up doing a Gerald Ratner.

Good point - but we don't import any products from Chinese companies that don't have a Western management team in place. It's far too risky.

 

[JP1]

https://www.facebook.com/video.php?v=444894925870008

 

[manhill]

Strip bomb the northern side of the border with nukes to contaminate any forces that cross it. That takes care of an advance on the South. Then surgical strikes on the North's installations.Fry the ugly git! Easy!

 

[Henarar]

Strip bomb the northern side of the border with nukes to contaminate any forces that cross it. That takes care of an advance on the South. Then surgical strikes on the North's installations.Fry the ugly git! Easy!

and all the north Koreans that have done nothing wrong but just happen to live where you think they should bomb

 

[manhill]

and all the north Koreans that have done nothing wrong but just happen to live where you think they should bomb

I guess that idea wouldn't work then, thought it was all military massed along the border.
Assuming war is going to happen, what type of weapon is preferable to stop their advance?

 

[arbel]

Best perhaps to not even consider weapons, but how to avert a tragedy that will fall on thousands of innocent people.
Of course the Chinese hold the key to the solution. But their intention is probably to goad and provoke the USA into taking some action. Without the Chinese facilitating the flow of crude oil, electricity, food and high technology goods across the border, North Korea would be on its knees within two to three weeks.
But the evidence is that despite some token gestures to cut back on trade, China is stepping up the flow of goods into N. Korea.
It's China that needs to be confronted. They play a very dangerous game.