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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (125684)3/5/2004 7:26:30 PM
From: KyrosL  Read Replies (1) | Respond to of 281500
 
Assuming I live to a ripe old age

On a purchasing power parity basis China's GDP is already 60% of the US GDP. If China's GDP growth exceeds US growth by a couple of percent on the average, they will overtake us well before you reach retirement age.

Productivity is a funny thing. Most of the US productivity comes from services. After China's service infrastructure is in place (won't take long the way they are investing in it), China's productivity will explode.