₦airaland Forum

Chetas81:
opinion, but you can verify the China advance on YouTube, very simple, we're also waiting for the day the black man country will be among the list!

Black man country kheeee, just mention Nigeria
Maybe in next generation.

People see china more advanced because at the speed they rise up, the usa still designs many products, but China often builds them making china look more productive.
Building things in china is far cheaper than other countries because of labour force

Nefort:
It has nothing to do with the Breton Wood institutions being under the USA payroll. It is purely about economic performance.

So why is China not on the number one spot? Just so you know about 60 to 70% of Chinese products goes to America, which is on the one side not to mention other parts of the world. How many of Ameriscams products goes to China?

Gentle034:
So why is China not on the number one spot? Just so you know about 60 to 70% of Chinese products goes to America, which is on the one side not to mention other parts of the world. How many of Ameriscams products goes to China?

China is a manufacturing economy. They manufacture almost everything they need so there is nothing much to import from the US.

China is already the world's largest economy in terms of purchase power parity. In order words if China and the US both have $1 billion it means that China will be richer than the US because the amount will do more in China and do less in the US. The reason why the US is the largest economy above China in terms of GDP nominal in dollars is because the cost of living and cost of production in the US is higher than China. This means the dollar value of the goods and services produced in the United States will be higher which will push up their GDP higher. The dollar value of the cost of living and production in China is lesser than the US and this means the dollar value of the goods produced in China will be lower and their GDP nominal in dollars will be less.

When GDP is measured in dollars (nominal) the US will have the largest economy. But when GDP is measured in purchasing power (PPP) which is the purchasing power of the total amount of dollars earned in a particular country, then China is the largest economy in the world.

Nefort:
China is a manufacturing economy. They manufacture almost everything they need so there is nothing much to import from the US.

China is already the world's largest economy in terms of purchase power parity. In order words if China and the US both have $1 billion it means that China will be richer than the US because the amount will do more in China and do less in the US. The reason why the US is the largest economy above China in terms of GDP nominal in dollars is because the cost of living and cost of production in the US is higher than China. This means the dollar value of the goods and services produced in the United States will be higher which will push up their GDP higher. The dollar value of the cost of living and production in China is lesser than the US and this means the dollar value of the goods produced in China will be lower and their GDP nominal in dollars will be less.

When GDP is measured in dollars (nominal) the US will have the largest economy. But when GDP is measured in purchasing power (PPP) which is the purchasing power of the total amount of dollars earned in a particular country, then China is the largest economy in the world.

This brings me back to my point that the list is highly Political and it favors the master. Moreover the system of government practise in China is that of communal effort which makes it easier and affordable to produce compared to The western capitalism which is highly expensive and this makes it more expensive.