Will the G7 Become the G2?

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rockdog

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1) China would not join the G2. The USA wants to let China get into troubles as it is facing now,the USA has the evil mind.

2) China is a developing country ,so no need to take the responsibilities of developed countries.and it has no ability to take the duties of developed countries.
Otherwise ,the so-called responsibilities and duties would impair China.

So, there's no G2.

3) USA is not so strong as you have thought.
China still have to be low profile as last 20 yrs.

More reputation (like join G2 or G8) means more responsibilities and more burdens. That's why G8 invited China for yrs, but China never comes...

But G20 is good, China is happy to share the responsibilities with India and other developing nations...
 

smiling_scorpion

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G2 is just a day-dream,and it's a trap US get ready for China.we won't be so stupid to jump into it.if really need a new organization replace the G7,that's the G6 including US.EU,China,Japan,India,and Russia.
 

sandeepdg

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G20 is just a myth. it has tooooo many memebers and are short of efficiency. it will just become a talking shop eventually .
guy,have you seen a organization with 20 equal memebers can be run effectively?

History has proved again and again that a efficient and influencial elite club should have two necesary factors:
1, its members are powerful enough,so the club can have means to execute its resolutions;
2. the NO. of memebers should be limited,so consensus can be agreeed as soon as possible.

UNSC has only 5 P-memeber,that is why UN can survive until now. If UN had 10 P-memberfs, the permanant seat of UNSC would be as cheap as toilet papers . Majors powers would have to abandon UN and create another more efficient multilateral club to take the place of UN

IMHO. in Future, G20 will just become a talking shop. a new organization that take the place of G7 indeed will appear. but that won't be G20......it may be G4( USA, EU, CHina and Japan). the other members of G20,including Russia, India, Brazil,will just become the second class members of G20.
What makes you think that India will be a second class member ? At the current growth rate, Indian economy will surpass that of Japan, EU and US by 2050. So I think it will be wise to say that in the future India will always be seated at the high table of world affairs, no matter whatever damn grouping is concocted by some stupid people !
 

qilaotou

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Ha, I see the G8 is changed to G7 in the title. It is ignorant that people do not count Russia when they mention the exclusive club.

Chinese would never put ourselves in the suit to be "Russia" in G8.
 

badguy2000

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However,either G20 or BRIC is just a myth.


in forseeable future,only G4(USA,EU,Japan and CHina) may take the place of G7
 
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However,either G20 or BRIC is just a myth.


in forseeable future,only G4(USA,EU,Japan and CHina) may take the place of G7
you must be dreaming if you think there will be a group where half the nations are orientals and both of them being economic parasites on the other two in the group.
 

Koji

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you must be dreaming if you think there will be a group where half the nations are orientals and both of them being economic parasites on the other two in the group.
Whose the parasites? It is Oriental wealth that is buying Western Debt to keep them going.
 
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Whose the parasites? It is Oriental wealth that is buying Western Debt to keep them going.
you just answered the question no need for me to elaborate.By the way owning debt does not make a nation wealthy.
 

badguy2000

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you must be dreaming if you think there will be a group where half the nations are orientals and both of them being economic parasites on the other two in the group.
unilateral will is pale in the front of the banlance of economy power .

fact is that :

G20 has so many members that it is almost impossible to let 20 members reach consensus. that is why it is a myth.

as for bric, the concept of "bric" is just a stock of speculation. the economy power of Brazil,Russia and India has not real influence on international trade and economy.if you compare the their shares among global GDP with that in 1990,you will find that Brazil,India and Russia in fact have not increased their shares of global GDP at all in the past 20 years.

Instead,the combined GDP of G4(USA,EU,Japan and CHina) occupies more shares of gloabl GDP than G7 did in its noontide such as 1980s or 1990s.
 
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In per capita income China ranks lower than many African and south American nations so I highly doubt a G4 for or G2 would be possible unless it is a trap and unless you accept 's USa's conditions. And the Chinese economy has real power, China owns debt while Brazil,India and Russia have real money so i think they mean more power than the debt holding Chinese also in the future Chinese will be holding even more debt not money so do not mistake the two.
 

Koji

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you just answered the question no need for me to elaborate.By the way owning debt does not make a nation wealthy.
And the Western economies buy Chinese and Japanese goods. What it is truly is a symbiotic relationship, hence the coining of terms like G2, G4, Chimerica, etc..
 
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And the Western economies buy Chinese and Japanese goods. What it is truly is a symbiotic relationship, hence the coining of terms like G2, G4, Chimerica, etc..
and you buy their debt or IOU's so in essence they are getting the goods free and will pay you some point in the future, by the way there is no more market for US debt nobody wants it.
 

badguy2000

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In per capita income China ranks lower than many African and south American nations so I highly doubt a G4 for or G2 would be possible unless it is a trap and unless you accept 's USa's conditions. And the Chinese economy has real power, China owns debt while Brazil,India and Russia have real money so i think they mean more power than the debt holding Chinese also in the future Chinese will be holding even more debt not money so do not mistake the two.
it is just a another myth to use "Per capital GDP" to measue chinese life quality.

Measued with "per capital GDP" ,CHina even ranks lower than many countries in Africa and South America and only 3 time more than India.

however, if measued with the penetrating rate of modern household appliances and per capital consumption of real material products,such as food,electricity,steel,concrete,clothes,shoes ,meat,milk and so on, you will find that a common chinese consume much more real material products than common African and people in South Asia.

For example,
measued by per captical consumption, A chinese consume 10 time more steel and 7 time more electricity than Indians,although CHinese per capital GDP is only 3 time more than Indians.
 
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It is not a myth these are true numbers representing spending power by the nations consumers, and just because you don't like them they are myth ? these are real numbers and China is at the bottom of the pile. What you aer describing is the chinese infrastructure buildout, but the Chinese consumer is not among the top 50 or even 100 in purchasing capacity in the world.
 

badguy2000

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It is not a myth these are true numbers representing spending power by the nations consumers, and just because you don't like them they are myth ? these are real numbers and China is at the bottom of the pile. What you aer describing is the chinese infrastructure buildout, but the Chinese consumer is not among the top 50 or even 100 in purchasing capacity in the world.
well, I have been to Hongkong and southeast asia many times. I have read many blogs of oversea chinese in Europes, Africa and America...

frankly speaking , except west Europe, North America ,Japan, Australia and new Zealand, no other countries are better place to common chinese.
 
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BG you are mixing your nationalism, with the numbers, what the per capita for China is really showing is alot of money or assets is in the hands of very few, and not all chinese are enjoying the growth that the select few are.
 

sandeepdg

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unilateral will is pale in the front of the banlance of economy power .

fact is that :

G20 has so many members that it is almost impossible to let 20 members reach consensus. that is why it is a myth.

as for bric, the concept of "bric" is just a stock of speculation. the economy power of Brazil,Russia and India has not real influence on international trade and economy.if you compare the their shares among global GDP with that in 1990,you will find that Brazil,India and Russia in fact have not increased their shares of global GDP at all in the past 20 years.

Instead,the combined GDP of G4(USA,EU,Japan and CHina) occupies more shares of gloabl GDP than G7 did in its noontide such as 1980s or 1990s.
By 2050, India's GDP will out rival that of USA, EU and Japan. So you can keep dreaming about your damn G2 or G4, that will never happen .
 

badguy2000

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By 2050, India's GDP will out rival that of USA, EU and Japan. So you can keep dreaming about your damn G2 or G4, that will never happen .
guy, pls don't blaha something like "in 2050 I will be ......"

such a anticipation is meaningless......

frankly speaking, even G4(USA, EU,China and Japan) is just an expedient measue.

sooner or later,Japan will be kicked out of the elite club and have to stay in second class carriage as well as Russia. Before 2030, the world will be ruled by G3( USA ,EU and CHina) and become a tripolar world.

Russia will be marginalized more and stay in second carriage with Japan.


India can get the last ticket of the second carriage,if India is lucky enough to keep on its economy growth.


Brazil will be just stay in the third class carriage as well as canada ,australia and S.kroea.
 

ppgj

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guy, pls don't blaha something like "in 2050 I will be ......"
such a anticipation is meaningless......
agree with you on this. 2050 is too long a time to make any meaningful prediction.

frankly speaking, even G4(USA, EU,China and Japan) is just an expedient measue.
sooner or later,Japan will be kicked out of the elite club and have to stay in second class carriage as well as Russia. Before 2030, the world will be ruled by G3( USA ,EU and CHina) and become a tripolar world.
Russia will be marginalized more and stay in second carriage with Japan.
India can get the last ticket of the second carriage,if India is lucky enough to keep on its economy growth.
Brazil will be just stay in the third class carriage as well as canada ,australia and S.kroea.
however your assumption that china will continue to grow like today is also very far fetched. if your bubble bursts like the japan bubble you will be in deep mess.
you are holding american debt and consider it as asset. they have a deterrent over you not the other way. if they refuse to pay up in a possible military clash with you in future, your reserves will evaporate like thin air and god knows where your confidence will end up.
even if any of the two above happens you will be out faster than anyone you quoted above.
 

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