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Old Posted Mar 1, 2009, 12:44 PM
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Spocket Spocket is offline
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Join Date: Feb 2006
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Any time we see economic projections beyond two or three years we should be very skeptical. Anything can happen and there's no way to imagine what that 'anything' might be. Yes, as long as things keep going the way they're going China might have a larger economy than the U.S. by 2050. I wonder though what the economists would have forecast for China forty years ago ? Japan , Ireland , Argentina , etc. ?

Assuming that China isn't forced to reign in its growth model due to pressure from abroad or at home then yes, it could be number one in forty years. Considering that it's destroying itself to achieve this end though , it seems highly unlikely that it will be able to sustain the kind of growth that it has experienced over the last two-three decades. Something's gotta give.
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