SEARCH BLOG: CHINA
From Yahoo! News:
China's Economy Could Surpass the U.S. by 2035Last year, I wrote this post in response to certain economists who stated that there was no reason for us to be concerned about China selling us goods and labor at ridiculously low prices... after all, they are simply subsidizing us.
As if the U.S. economic slump, the housing crisis, surging oil and food prices, and a general sense that things are not going all that well weren't enough, a new study forecasts that will become the "pre-eminent world commercial influence" by 2035, when it surpasses the U.S. economy. The study released today is by Albert Keidel, who specializes in China economic issues at the . It is clear that China's economic juggernaut will have far-reaching implications for economic, diplomatic, and military matters in coming years--the subject of Keidel's study titled "China's Economic Rise--Fact and Fiction."
And the big, bad wolf was simply blowing leaves off the pigs' properties...