Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Peter van Steennis who wrote (104485)	7/5/2008 1:58:27 PM
From: chowder	Read Replies (2) \| Respond to of 206330

Still in, still holding, don't like the pullback. If I weren't already fully invested in China I would be adding soon. I still like the China story for the long haul.

To: Peter van Steennis who wrote (104485)	7/9/2008 9:21:35 AM
From: chowder	Respond to of 206330

Peter, according to this article, China's economy will become the world's biggest by 2035. Although that is quite a few years away, there's a lot of growth between here and there if it is to become a reality. This is why I stay fully invested in China. China's economy to become world's biggest in 2035: study Jul 8 04:15 PM US/Eastern China's economy will overtake that of the United States by 2035 and be twice its size by midcentury, a study released Tuesday by a US research organization concluded. The report by economist Albert Keidel of the Carnegie Endowment for International Peace said China's rapid growth is driven by domestic demand more than exports, and will sustain high single-digit growth rates well into the 21st century. "China's economic performance clearly is no flash in the pan," Keidel writes. "Its growth this decade has averaged more than 10 percent a year and is still going strong in the first half of 2008. Because its success in recent decades has not been export-led but driven by domestic demand, its rapid growth can continue well into the 21st century, unfettered by world market limitation." Keidel said the rise of China to the world's biggest economy will happen regardless of the method of calculation. Under current market-based estimates, China's gross domestic product is about three trillion dollars compared to 14 trillion for the United States. Based on a more controversial purchasing power parity (PPP) measure used by the World Bank and others to correct low labor-cost distortions, he said China's GDP is roughly half of that of the United States. "Despite this low starting point, if China's expansion is anywhere near as fast as the earlier expansion of other East Asian modernizers at a comparable stage of development, the power of compound growth rates means that China's economy will be larger than America's by midcentury -- no matter how it is converted to dollars," Keidel wrote. "Indeed, PPP valuation distinctions will diminish and eventually disappear." Copyright AFP 2008, AFP stories and photos shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium breitbart.com