A Huffalump did his business here...: China As "Non-Event"

Saturday, October 07, 2006

China As "Non-Event"

I think, China. Two things about China are generating a lot of hype. One hype is that China is going to take over the world. Last December, China recast its GDP to almost $2 trillion. But the US GDP is moving up to $13 trillion and the US is not going to stop growing. In those terms, it will take 30-40 years for China to even catch up. Even in terms of standard of living, it’s quite another matter. So it’s a big hype that China is going to get you.

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