The TRshady Forum became read-only in December 2014. The 10 year history will live on, in this archive.
Continue the discussion with the new home for the Eminem and Hip Hop discussion: HipHopShelter.com.

China Just Overtook The US As The World's Largest Economy

Post and have discussions on the latest news from around the world.

China Just Overtook The US As The World's Largest Economy

Postby DetroitSkills » Oct 8th, '14, 17:11

http://www.businessinsider.com/china-ov ... my-2014-10
Sorry, America. China just overtook the US to become the world's largest economy, according to the International Monetary Fund.
Chris Giles at the Financial Times flagged up the change. He also alerted us in April that it was all about to happen.

Basically, the method used by the IMF adjusts for purchasing power parity, explained here.

The simple logic is that prices aren't the same in each country: A shirt will cost you less in Shanghai than in San Francisco, so it's not entirely reasonable to compare countries without taking this into account. Though a typical person in China earns a lot less than the typical person in the US, simply converting a Chinese salary into dollars underestimates how much purchasing power that individual, and therefore that country, might have. The Economist's Big Mac Index is a great example of these disparities.

So the IMF measures both GDP in market-exchange terms and in terms of purchasing power. On the purchasing-power basis, China is overtaking the US right about now and becoming the world's biggest economy.

Read more: http://www.businessinsider.com/china-ov ... z3FZQfS72Y
MMLP2 11.5.13
#teamEncore #teamEllenPage
"Enough rhymes to maybe try to help get some people through tough times
But I gotta keep a few punchlines just in case cause even you unsigned
Rappers are hungry looking at me like it's lunch time"
Image
Image
User avatar
DetroitSkills
Band Leader
Band Leader
 
Posts: 7255
Joined: Sep 7th, '13, 21:04
Location: Detroit, What!?
Gender: Male

Re: China Just Overtook The US As The World's Largest Econom

Postby DƎRDYPK » Oct 8th, '14, 17:12

I love it
___________ImageImageImageImageImage
___________#MegaLan #CH #ImageforVet #NNWO #FreeSticcy #ProtectSSLP #PorchMonkey4Life #JonJafari4President #Hopsin&BasedShadyGimmeYoPS4z
___________ This beat > & This mashup >, HipHopShelter, Charles Hamilton media database
Eminem wrote:Charles Hamilton/Manson & Bronson
User avatar
DƎRDYPK
Stanmilton
Stanmilton
 
Posts: 14613
Joined: Feb 7th, '09, 01:43
Location: Still up in Maylou's ass son
Gender: Male

Re: China Just Overtook The US As The World's Largest Econom

Postby mdemaz » Oct 9th, '14, 03:37

It was expected.
ImageImageImage
s/o to Eedee Python CP Horse Snake Pain SaJn Silver Cement Excitaz PK Rolly GW EG Charlotte Kasia Mel Wiz Solace TRex SliK Aone Atone Trimss Menzo Geno Fish Jaba Detroit Blogs Based lil_b IBR DA! Mono ROM NRG Bigray Hesky Francesco Yoda Noddy Raul
Just Silver wrote:I think every guy should massage their prostate at least once

Image
User avatar
mdemaz
Addict
Addict
 
Posts: 10208
Joined: Dec 6th, '10, 12:09
Location: Brisbane, Australia
Gender: Male

Re: China Just Overtook The US As The World's Largest Econom

Postby UofLCard » Oct 9th, '14, 04:05

This was eventually going to happen.
LEVITIKUZ wrote:Did y'all know Eminem's initials are MM. Like his name!!!


TRshady's unofficial official Facebook page
https://www.facebook.com/trshadycommun
User avatar
UofLCard
Louisville's Finest
Louisville's Finest
 
Posts: 8419
Joined: Jun 5th, '09, 04:28
Location: The land of Shadymania
Gender: Female

Re: China Just Overtook The US As The World's Largest Econom

Postby Devil'sAdvocate » Oct 9th, '14, 12:49

Your standard of living will not decline.

you'll be the exact same asshole.
The devil ain't on a level same as him!
User avatar
Devil'sAdvocate
BOSS
BOSS
 
Posts: 11019
Joined: Apr 11th, '10, 14:23
Location: Nozone
Gender: Male

Re: China Just Overtook The US As The World's Largest Econom

Postby mdemaz » Oct 9th, '14, 13:34

That's the price you pay for wealth, you got people who live in terrible conditions.

Skid Row, Africa, China... But that's what our race is all about, trying to get ahead. Economic growth will continue to be a hot debate, but I don't see humanity ever coming to a resolve where people can be treated equally while still gaining money.
ImageImageImage
s/o to Eedee Python CP Horse Snake Pain SaJn Silver Cement Excitaz PK Rolly GW EG Charlotte Kasia Mel Wiz Solace TRex SliK Aone Atone Trimss Menzo Geno Fish Jaba Detroit Blogs Based lil_b IBR DA! Mono ROM NRG Bigray Hesky Francesco Yoda Noddy Raul
Just Silver wrote:I think every guy should massage their prostate at least once

Image
User avatar
mdemaz
Addict
Addict
 
Posts: 10208
Joined: Dec 6th, '10, 12:09
Location: Brisbane, Australia
Gender: Male

Re: China Just Overtook The US As The World's Largest Econom

Postby Josh » Oct 9th, '14, 14:17

yeah contaminated buns :shakehead:
“In six days God created the heavens and the earth. On the seventh day, Stanley Kubrick sent everything back for modifications.”

#TeamPalvin
#ProtectLoseYourself
Arni da Goat

ImageImage

scrapig wrote:im a sick fuck, just ask Josh.
User avatar
Josh
Soldier
Soldier
 
Posts: 1756
Joined: Mar 22nd, '14, 04:37
Location: Germany
Gender: Male

Re: China Just Overtook The US As The World's Largest Econom

Postby UofLCard » Oct 10th, '14, 01:25

Calandre wrote:
Yeap
Inequality in China is amazing...
They have improved a lot in the last 20 years but there are "so many" of them that in per capita terms they will still need many more years to catch up with developed countries...


Maybe they should implement the one child rule again.
LEVITIKUZ wrote:Did y'all know Eminem's initials are MM. Like his name!!!


TRshady's unofficial official Facebook page
https://www.facebook.com/trshadycommun
User avatar
UofLCard
Louisville's Finest
Louisville's Finest
 
Posts: 8419
Joined: Jun 5th, '09, 04:28
Location: The land of Shadymania
Gender: Female

Re: China Just Overtook The US As The World's Largest Econom

Postby SliK » Oct 10th, '14, 03:04

UofLCard wrote:
Calandre wrote:
Yeap
Inequality in China is amazing...
They have improved a lot in the last 20 years but there are "so many" of them that in per capita terms they will still need many more years to catch up with developed countries...


Maybe they should implement the one child rule again.

Maybe they should implement a no child rule.
SliK
Under The Influence
Under The Influence
 
Posts: 4980
Joined: Dec 17th, '09, 06:03

Re: China Just Overtook The US As The World's Largest Econom

Postby shadyblogger » Oct 10th, '14, 03:22

Interesting
User avatar
shadyblogger
Under The Influence
Under The Influence
 
Posts: 4145
Joined: Nov 19th, '13, 02:50
Gender: Male


Return to General News



Who is online

Users browsing this forum: No registered users