...and what will Chinese global dominance look loke?
How will they exert their influence & financial clout?
One major reason it's inevitable are the huge debt levels the US has built up.
While the US budget deficits keep increasing, China keeps buying up their debt.
At this rate, the US economy will one day implode.
America is living way beyond its means.
Also the Chinese are responsible for most of the world's industrial output.
Personally, I think America's fall from world dominance will be quite humbling for them.
It'll be a bitter pill for them to swallow.
Chinese advertisements on top of the Statue if Liberty?
Chinese naval armadas off America's coasts?
Massive shutdowns of overseas US military bases and the troops coming home?
The top movie releases in theatres near you in Chinese with Asian movie stars?
Like it or not, its a comin' folks.
The 21st century may soon belong to China.
Quote
Not sure. What do you think it will look loke
Sounds like could be a Chinese word? and if so, what does it translate to?
Are you boning up on Chinese? Is a move in your near future?
Heres a link which compares the decline of the United States with that of the British Empire:
https://m.globalchange.com/china-as-worlds-dominant-superpower-impact-on-america-russia-and-eu.htm
I don't think China has as bright a future as people think. Billions of dollars in wasted infrastructure and a financial market their own population doesn't trust. But, they'll do better than Europe. Europe is FUBAR.
Edit, the USA, and Canada are finished too, but it won't be public debt that will be our eulogy. Middle class jobs killing mass immigration will turn both countries into third world rat's nests.
The size of China's economy has surpassed Britain, France, Germany and Japan..
None of those countries has
Quote from: "Fashionista"
None of those countries has
Japan's debt is more than double that of the US. I actually see lots of similarities between China and Japan in 1989. Once the stock market crashed and equity prices dropped, banks and insurance companies were left with lots of bad debt. The Japanese government and central bank supported these organizations by bailing them out and providing low-interest credit which China is doing today.
The good news for Japan is that unlike heavily indebted Canadians or even less indebted Anericans, the Japanese are big savers. Japanese households' average savings reached ¥18M and is steadily increasing every year. Unfortunately, the Chinese are taking on a lot of consumer debt after two decades of saving. This could be a Japanese style problem if stocks and real estate enter into a long slump.
Not familiar with 89, but if I recall correctly there was a "major" and overall economic crash in Asia in late 98 (and / or early 99) while we were in the Fils.
Things got bad enough for us to head back to Canada as everything dried up. Markets everywhere lost about 1/2 their value. Japan and China stocks and economies were a disaster
Maybe in GDP per capita, education level China might surpass the US, and lifestyle and infrastructure they're overall better in these areas, but in other fields like military, technology & science, ethnics & moral, social harmony/selflessness, equality China wouldn't come close, or at least in this rate.
Quote from: "cc"
Things got bad enough for us to head back to Canada as everything dried up. Markets everywhere lost about 1/2 their value. Japan and China stocks and economies were a disaster
The Asian financial flu of 97 and 98.
Quote from: "cc"
Things got bad enough for us to head back to Canada as everything dried up. Markets everywhere lost about 1/2 their value. Japan and China stocks and economies were a disaster
The Nikkei 225 stock index soared to an all-time high of 38,916 on Dec. 29, 1989. It marked the beginning of Japan's long decline. Unlike the Asian financial meltdown of the late nineties, there was no contagion to neighbouring Asian countries.
Yes. 89 was Japan. 97 or 98 hit them all hard .... and as you say by then Japan markets were already low going in
Quote from: "seoulbro"
Quote from: "cc"
Things got bad enough for us to head back to Canada as everything dried up. Markets everywhere lost about 1/2 their value. Japan and China stocks and economies were a disaster
The Nikkei 225 stock index soared to an all-time high of 38,916 on Dec. 29, 1989. It marked the beginning of Japan's long decline. Unlike the Asian financial meltdown of the late nineties, there was no contagion to neighbouring Asian countries.
Prior to that, Japan was predicted to be the largest economy in the world and the Japanese the most affluent people ever.
Hopefully China will surpass the United States and end white supremacy once and for all. We will all live in peace and harmony once white privelege has finally been vanquished.
Outed !!! ^^
Shen Li in disguise
ac_smile
Quote from: "Herman"
Quote from: "seoulbro"
Prior to that, Japan was predicted to be the largest economy in the world and the Japanese the most affluent people ever.
They were. If I recall correctly the fall not only ended foreign property purchases but resulted in a major fall in the prices of proprieties in areas Japanese money had been going into ... as most of these properties were dumped for cheap almost overnight
Vancouver was of course one of these areas
While they were on their roll Japanese interests also bought up several US Landmark properties such. Pebble Beach resort comes to mind .. which after the fall cost the purchaser a loss of nearly $350 million to quickly unload it
Quote from: "cc"
Shen Li in disguise
ac_smile
Wow!!
You're quick on the uptake!!!
:001_rolleyes:
ya, :wink:
She can't fool me
That sharp Australian power of observation cannot be eluded.
Not until all those ghost cities that lay barren become occupied and show signs of life. Good luck. :laugh3:
Quote from: "cc"
Quote from: "Herman"
Quote from: "seoulbro"
Prior to that, Japan was predicted to be the largest economy in the world and the Japanese the most affluent people ever.
They were. If I recall correctly the fall not only ended foreign property purchases but resulted in a major fall in the prices of proprieties in areas Japanese money had been going into ... as most of these properties were dumped for cheap almost overnight
Vancouver was of course one of these areas
While they were on their roll Japanese interests also bought up several US Landmark properties such. Pebble Beach resort comes to mind .. which after the fall cost the purchaser a loss of nearly $350 million to quickly unload it
Japan never surpassed the US, but like Seoul was getting at, if things kept going the way they were, it would have been a country of 125 million millionaires.