Quote:
Originally Posted by dyna mo
You mentioned specifically that it's THE most important, a phrase I've never heard mentioned, thus my inquiry to learn more about it.
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Well, I said: "China is
by many metrics now the most important economy in the world." It's not largest by GDP but its cracking all sorts of records and it has been driving global growth last few years with very low debt so (in some ways) it is the most important.
Largest economy by PPP (Purchasing Power Parity):
China’s leap forward: overtaking the US as world’s biggest economy | FT Data
It’s official: America is now No. 2 - MarketWatch
Fastest Growing Economy (last few yrs):
China May Be Slowing, But Still Fastest Growing Economy On Earth - Forbes
Largest Mobile Phone Market (By Revenue):
China Will Overtake United States as World's Largest Mobile Phone Market by REVENUE in 2014
Largest Automobile Market (By Revenue):
China Extends Lead As World?s Largest Car Market By Sales; GM, Ford China Deliveries Up By Double Digits
Largest Market In Luxury Goods Sales:
http://www.bain.com/publications/art...ring-2014.aspx
Largest Consumer of Gold:
http://www.wsj.com/articles/SB100014...89261432501856
Largest Foreign Currency Reserves:
http://dailysignal.com/2014/06/20/ch...lion-counting/
Largest Energy Consumer:
http://en.wikipedia.org/wiki/World_energy_consumption
Largest and Fastest Growing Consumer of Commodities:
http://dailyreckoning.com/commodities/
Largest Manufacturing Economy:
http://news.thomasnet.com/imt/2013/0...t-manufacturer
Many of China's company's are largest in their class, Like Huawei and Xiaomi is headed in that direction.
China has around 4 trillion FCR and no other creditor nation has even 1 trillion (a quarter of that). There are just tens and tens of metrics and records that China is reaching the top and I've missed many of them but here's a basic easy test you can do:
Lift objects in your bedroom and if you see "Made In China" it points to China's manufacturing prowess - many western goods are made in China. It is impossible to avoid contributing to China's growth because most of our stuff is made there. Most walmart sells us China made goods and iPhones used to be made there (I think still are).