China - Earth Empires Forum

martian

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Mod Boss
7846

Nov 15th 2012, 12:54:10

China would need 100 years at 20% growth to catch up to the United states. (GDP/capita)
India would need closer to 100% growth over the same period of time.

:P

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NukEvil

Member
4328

Nov 15th 2012, 15:26:52

Somehow, that fails to inspire me.

I am a troll. Everything I say must be assumed to be said solely to provoke an exaggerated reaction to the current topic. I fully intend to bring absolutely no substance to any discussion, ongoing or otherwise. Conversing with me is pointless.

tellarion

Member
3909

Nov 15th 2012, 15:35:20

Per capita. What about Gross GDP?

AND MARTIAN! WHAT ABOUT PPP? THEY'RE ALREADY WINNING!!

Nuketon

Member
549

Nov 15th 2012, 15:36:27

Unless you combine that with a decline in GDP per capita in the US.

martian

Game Moderator
Mod Boss
7846

Nov 15th 2012, 19:23:56

who says anything about it being inspirational. It was simply a statement of fact to put into perspective the actual level of difference in spite of the media hype.

The US economy is growing, the rest of the world is simply catching up.

you are all special in the eyes of fluff
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KoHeartsGPA

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30,528

Nov 15th 2012, 19:36:28

The US debt is growing faster.

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BobbyATA

Member
2409

Nov 15th 2012, 19:41:24

um what? 1.2^100 is a massive number martian.

Patience

Member
1790

Nov 15th 2012, 20:29:56

I dunno, I think I'm helping them catch up much faster than that. The sheer volume of groupons and dealfinds I order that end up being shipped from China has GOT to be making a difference... lol

I cannot see your signature - so if it's witty, put it in a post instead! :p

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Dissidenticn

Member
272

Nov 15th 2012, 20:33:08

Who cares about the debt? Doesn't affect my daily life.

First get a strong enough economy for a surplus... THEN pay off your debt. I mean, do you pay off your credit card at the expense of letting your family starve? I don't think so.

KoHeartsGPA

Member

EE Patron
30,528

Nov 15th 2012, 20:43:40

^ ignorant

It will when we collapse, jackass....

Pontius Pirate

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EE Patron
1907

Nov 15th 2012, 20:51:52

Originally posted by martian:

China would need 100 years at 20% growth to catch up to the United states. (GDP/capita)
India would need closer to 100% growth over the same period of time.

:P

China's GDP per capita is about 1/10th of USAs (a bit more than that).

20% growth = China's GDP per capita doubles approx every 5 years => China catches up in 15 years with no US growth, about 20 with US growth at 2% pa

Originally posted by Cerberus:

This guy is destroying the U.S. Dollars position as the preferred exchange for international trade. The Chinese Ruan is going to replace it soon, then the U.S. will not have control of the IMF

Dissidenticn

Member
272

Nov 15th 2012, 20:57:05

Koh... Debt doesn't make a country collapse.

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The Cloaked

Member
491

Nov 15th 2012, 21:17:12

umm. If China grows at 20%/year doesnt that mean 82 million times its current number? Or that per capita gdp in china in 100 years will be approximately $400 Billion/per capita/per year?

similarly if the US continues growing at the optimistic pace of 3%/year then in a hundred years the US per capita GDP would be 1.25M.

------------------------------

Just sticking with per capita numbers

so with 20% growth/year in 100 years china's per capita gdp would be:

$400,000,000,000

vs

USs current per capita gdp which is apprx

$65,000

iNouda

Member
1043

Nov 15th 2012, 21:47:39

^

What kind of numbers are you pulling from yo ass?

Pontius Pirate

Member

EE Patron
1907

Nov 15th 2012, 22:02:31

Originally posted by iNouda:

^

What kind of numbers are you pulling from yo ass?

compounding, fool. 1.2^100

Originally posted by Cerberus:

This guy is destroying the U.S. Dollars position as the preferred exchange for international trade. The Chinese Ruan is going to replace it soon, then the U.S. will not have control of the IMF

ColoOutlaw

Member
475

Nov 15th 2012, 22:03:38

Originally posted by tellarion:

Per capita. What about Gross GDP?

AND MARTIAN! WHAT ABOUT PPP? THEY'RE ALREADY WINNING!!

They are definitely not beating the US even if you use PPP.

iNouda

Member
1043

Nov 15th 2012, 22:07:00

You do realize you're pulling numbers out of your collective asses? China's growth has been nowhere near 20% in the past few years. It's been slowing down to the single digits. Last year it was 7.7%, down from 9.3%. It's growth is largely dependent on the US, when the US slows down, China slows down. You can't create wealth out of thin air without leeching it from someone else.

Edit: Either way China's GDP/capita was $5,445 for 2011, the US is $48,442. I fail to see how you can possibly reach around and pull millions out of your magic hat in a hundred years.

Edited By: iNouda on Nov 15th 2012, 22:09:17
See Original Post

Magellaan

Member
533

Nov 15th 2012, 22:22:27

China is in a much better financial position iNouda. The only way the US can even finance their imports from China is because China buys up a lot of dollars. In fact they could bankrupt the US in a heartbeat. I'd play nice with them. It would hurt the US far more than China.
Because if the Chinese wanted to, considering the potential of their domestic market, they could consume all those products themselves. Exporting their goods to the US isn't their only option for growth.

Not MD, fake Magellaan.

Magellaan

Member
533

Nov 15th 2012, 22:38:28

Also, Martian.. please learn some basic maths. It's really embarrassing.
Maybe you should campaign for better education in your country instead.

Not MD, fake Magellaan.

Marshal

Member
32,589

Nov 15th 2012, 22:39:08

Originally posted by Dissidenticn:

Koh... Debt doesn't make a country collapse.

not really, either debt is forgiven or its extended to eternal (pretty much same as prev.) or it does bankcrupcy and doesn't pay its debs or debt gets paid by manufactured goods.

we'll see what option is used on greece's case, 1st 2 are against eu contract, 3rd is quite likely and 4th is highly unlikely.

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The Cloaked

Member
491

Nov 15th 2012, 22:52:02

dear inouda,

I clearly don't believe that anyone's GDP will be $400,000,000,000 USD/capita/annum in 100 years.

I was simply pointing out that martian is either trolling or is bad at math.

iNouda

Member
1043

Nov 15th 2012, 23:04:34

Sorry just woke up and missed your sarcasm tag.

Marshal

Member
32,589

Nov 15th 2012, 23:14:33

mARTIAN is trolling and is bad at math.

Dibs Ludicrous

Member
6702

Nov 15th 2012, 23:19:41

Originally posted by martian:

yah, we're growing... growing a bunch of marijuana for people to smoke.

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Havoc

Member
4050

Nov 15th 2012, 23:46:58

I'm perfectly OK with that^

Havoc
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Marco

Member
1259

Nov 15th 2012, 23:55:47

We owe China, if we don't pay, who is gonna try to reposess our fluff? I can't wait for that day. Trolololo

Marco

Member
1259

Nov 15th 2012, 23:57:36

Hi, I'm Marc with repo international, on behalf of China I have to reposess all of your cheap junk, please forfeit all Chinese property in your possession.