Comment

China overtakes Japan as No.2 economy

2
Love-Child of Cassandra and Sisyphus7/31/2010 8:05:27 pm PDT

re: #1 Timmeh

Generally speaking projections have not been based on China continuing in the future at the pace it has the past 10 years. If 11% growth is what happened recently, some are saying that 5 or 6% annual growth is to be expected over the couple of decades.

Even that will be tough with energy supplies limited. Which explains why China is planning on building hundreds of nuclear power plants, as well as being the world leader in wind and solar.

I don’t know what to expect of China as a society and a nation. I hope they become more relaxed in many of their stances, but they are now acting so mercantilistically that they may overplay their hand in Africa and Asia and start some real trouble.

This is not to say that we, the US, ought to make China out to be the boogeyman. Rather, we need to accept that we no longer will get our way in many international relations.