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Old 12th September 2005, 11:29 AM
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Chinese Economic Growth

Following information indicates China Economy is on course to Surpass US in Purchasing Parity basis within 10 years.

http://finance.myway.com/jsp/nw/nwd...8&date=20050711

http://finance.myway.com/jsp/nw/nwd...ias/money/cm/nw

Currency reforms will mean that the gap in dollar terms will also close more quickly than previously expected. In addition to about 10% internal Economic Growth you can factor in probably another 10% per annum on GDP figures to take account of an appreciating currency.

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Old 12th September 2005, 10:05 PM
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Re: Chinese Economic Growth

I can believe this. We all hear great things about growth in China. Meanwhile, our children are learning French as a second language and we think of China as producing cheap clothes.

I've just returned from Hong Kong and I can tell you that the vibe is incredible. China will indeed overtake the US eventually in my opinion. China is going mad, I always thought that Hong Kong would be the jewel in China's crown post-1997. In fact, so many people from Hong Kong are emigrating to China.

I am seriously thinking now about learning Mandarin and emigrating one day.
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