China may take 20 years to catch up with US

Discussion in 'China' started by nimo_cn, Aug 9, 2010.

  1. nimo_cn

    nimo_cn Senior Member Senior Member

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    Despite China's rise as a global economic power, many Chinese believe that their country is still a developing one and may take 20 years to for it catch up with the US.

    Two separate surveys in seven cities revealed that 78 per cent of the interviewees feel that China is a developing country and not yet a developed one.

    Nearly half of them believe it will take 20 years to catch up with the US, though it was reported that China has overtaken Japan [ Images ] to be the world's second-largest economy, official Global Times daily reported.

    They also said the income-disparity issue will remain the biggest challenge to social stability in the next 10 years.

    The surveys carried out in Beijing [ Images ], Shanghai, Guanzhou, Chengdu, Shenyang, Xi'an and Changsha by the Global Poll Centre. Zhang Shengjun, vice dean of the Institute of International Relations at Beijing Normal University said the results reflect a sober and rational judgment of China's status despite the adulation of the foreign media.

    China's Gross Domestic Growth (GDP) in 2009 stood at $4.9 trillion and the per capita GDP was just $3,700, far behind developed countries.

    In terms of the challenges to social stability, income disparity and corruption were the top two elements the public considered the most challenging to social stability in the next 10 years.

    The social security system, ethnic separatism, economic slowdown and housing price were other concerns expressed in the poll, the newspaper said. However, the public feels China's foreign influence is growing.

    About 76 per cent believe that China now has a say in international issues. Most of those interviewed were confident about China's military strength and 76 per cent said China could protect itself against foreign attacks, while 66 per cent expressed concerns about China's security situation stating the country faces military threats from major powers.

    The public tend to support the country's wishes to set up overseas military bases, with 47 per cent backing the idea. About 55 per cent of the participants believe that Taiwan island and the mainland will be united in 20 years, while the well educated and those with a high income said it would happen after 40 years.

    http://business.rediff.com/report/2010/aug/06/china-may-take-20-years-to-catch-up-with-us.htm
     
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  3. Param

    Param Senior Member Senior Member

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    catch up with the US? What does that mean ?chinese gdp reaching parity with US GDP wont make you on par with the US. Chinese standard of living and per capita will remain much lower.
     
  4. Singh

    Singh Phat Cat Administrator

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    Extrapolating from present conditions, China will leave USA far far behind but 2 decades is a long long time.
     
  5. neo29

    neo29 Senior Member Senior Member

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    In terms of military, living conditions, freedom of press and most of all freedom of thinking and speech to chinese people, the US is way ahead of China
     
  6. nimo_cn

    nimo_cn Senior Member Senior Member

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    Actually, two decades is a very optimistic estimation given the huge gap between China and USA. I will be more than happy if China can catch up with USA in two decades.
     
  7. nimo_cn

    nimo_cn Senior Member Senior Member

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    Well said, that is why we always say it is going to be a long journey before China becomes a developed country.

    The gap between China and USA should not stop us from chasing but prompt us to move forward quickly, right?
     
  8. tarunraju

    tarunraju Moderator Moderator

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    Very nice. The world needs something to balance the US.
     
  9. neo29

    neo29 Senior Member Senior Member

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    The day it happens that China equals US in every way, it will be a beginning of a unstable world. Democracy and Communism battling out to be world leader, it will surely take its toll. Remember the cold war when US and Soviet were fighting indirectly in Korean war,Cuba, Vietnam, Afghanistan just for the sake of supremacy of either Democracy or Communism. The same thing will start again.
     
  10. tarunraju

    tarunraju Moderator Moderator

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    Nah, unlike the USSR or USA, China does not carry ideological baggage. It doesn't intend to spread its mode of governance to other countries. Pure communism died in China long back with Deng Xiaoping's reforms.
     
  11. SHASH2K2

    SHASH2K2 New Member

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    Only thing China care to spread is business to other countries . Be is commercial or military interests thats the only thing Chinese care about.
     
  12. tony4562

    tony4562 Tihar Jail Banned

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    Based on per capital? won't happen!

    Even europe is far behind the US as far as actualy living stadnard goes. In the us, people consume so much, is't unbelievable. Big house, fast cars, all things Americans take for granted, are still luxuries out of reach of ordinary people in almost every country in europe.
     
  13. Armand2REP

    Armand2REP CHINI EXPERT Veteran Member

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    CCP wants to call themselves a developing country while demanding the stature of a developed country to avoid the responsibilities that come with it. You can't have it both ways, you are either developed or not. Considering China is maxed out in infrastructure and has more people online than any other, it is hard to say China is not a developed country with Chinese characteristics. With 1.4 billion people, it is not possible for Chinese to reach per capita GDP of the US or Europe. There is not enough water or coal that can be supplied to China that will make that happen. The question is, how much more developed can China get based on its current economic model? The answer is not much more. Consumer spending is being overshadowed by huge fixed asset investment to drive GDP, consumption is down to 35%. Chinese depositors are losing $250 billion a year to negative interest rates thanks to high inflation. Rising wages are coming with a corresponding inflation that is eating their gains. The housing bubble is right around the corner with PBOC issuing stress tests if property prices fall 60%... yes, I said 60%!

    [​IMG]
    [​IMG]

    China's problems make the US housing crisis look like a speed bump and exactly like Japan.
     
  14. amoy

    amoy Senior Member Senior Member

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    Boasting of having travelled over HALF of China's provinces, sometimes I think there's not ONE China, but many Chinas >>Coastal vs. Inland, South vs. North, Urban vs. Rural
     
  15. badguy2000

    badguy2000 Respected Member Senior Member

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    well, china is not a "state",but a "civilization' disguised as a "state". it is more like a superstate unit like "europe" ....only difference is that CHina was united 2000+ years ago while Europe has not yet.
     
  16. badguy2000

    badguy2000 Respected Member Senior Member

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    haha, pls stop tricking chinese......

    China is not a developed economy yet........

    even when CHinese have the same life quality as Yankee's or Europeans, We chinese would still insist that China be a developing economy...haha

    the title of "develope economy" seems very attractive and harmful, but in chinese eyes', it is hollow and useless.
    we won't waste one penny for such a hollow useless title.
     
  17. satyam

    satyam New Member

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    Take this CCP propaganda away from here. Tibet became part of china in 1950. East turkmenistan in 1800 AD. Where this garbage 2000 years came from.
     
  18. SHASH2K2

    SHASH2K2 New Member

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    You forget that main glue of your Chinese civilization ie Buddhism is given to you by India. so by that civilization formula of yours you owe your civilization to India and we can claim Entire China anytime as you owe your civilization to India.
     
  19. badguy2000

    badguy2000 Respected Member Senior Member

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    there are 3 pillars of Chinese traditional civilization: " Confucians, Buddihism and Taoism". Of the 3, confucians is the base.
     
  20. Param

    Param Senior Member Senior Member

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    Even kungfu was invented by an Indian.
     
  21. SHASH2K2

    SHASH2K2 New Member

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    So out of Three pillars of Chinese civilization you owe one to India. You should thankful to India for helping your Civilization to survive and prosper rather than trying to destroy us and digging our grave. may be you guys are more influence by your Taoism and confucians values.
     

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