Will China's GDP exceed Germany this year?

Will China's GDP exceed Germany this year?
Oct 29, 2007 03:41
JIMMYB Points: Join Date: Feb 7, 2007 Status: offline	According to the statistics released by the NBS, China's GDP has increased about 11.5% compared with the same period in last year in the first three quarters, reaching 16.6 trillion yuan. The World estimates that China's annual GDP will increase 11.3%, reaching 23.5 trillion yuan (3.14 trillion dollars). Compared with China, Germany's economy increases stably, about 2.5%. According to this, Germany's annual GDP will be below 3 trillion dollars. But the Euro's exchange rate against dollar has increased about 7%. Thus, Germany's annual GDP will be above 3.1 trillion dollars. Making a comparison between China and Germany, you will notice that the GDP is almost the same now. If China's economy could keep its momentum in the fourth quarter, its GDP will exceed Germany. Do you believe China will exceed Germany at the end of this year? How do you view China's economic development in recent years? Is it a bubble or not?

Oct 29, 2007 03:41

JIMMYB
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Join Date: Feb 7, 2007
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According to the statistics released by the NBS, China's GDP has increased about 11.5% compared with the same period in last year in the first three quarters, reaching 16.6 trillion yuan. The World estimates that China's annual GDP will increase 11.3%, reaching 23.5 trillion yuan (3.14 trillion dollars).

Compared with China, Germany's economy increases stably, about 2.5%. According to this, Germany's annual GDP will be below 3 trillion dollars. But the Euro's exchange rate against dollar has increased about 7%. Thus, Germany's annual GDP will be above 3.1 trillion dollars.

Making a comparison between China and Germany, you will notice that the GDP is almost the same now. If China's economy could keep its momentum in the fourth quarter, its GDP will exceed Germany. Do you believe China will exceed Germany at the end of this year? How do you view China's economic development in recent years? Is it a bubble or not?

Oct 29, 2007 23:09

DREAMLIFE
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Join Date: Sep 5, 2007
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It is possible that China's GDP will exceed Germany this year. But how about GDP per capita? China's economy is booming. However, we should remember that we have made such great achievements at the expense of environment pollution. What's more, what we have scored also attributes to those foreign invested corporations in China. Compared with them, few Chinese companies or corporations do their investment overseas. In future years, we should encourage more and more Chinese companies to invest overseas. Absorbing foreign investments is not good for long term.

Nov 2, 2007 03:38	#2
LUCIFER Points: 11 Join Date: Oct 29, 2007 Status: Offline	I don't care about GDP. But we really become richer and richer. Our country will become stronger and stronger.

Nov 2, 2007 04:17	#3
KEVIN0518 Points: Join Date: Mar 13, 2007 Status: Offline	Quote: But we really become richer and richer. Lucifer, China has scored great achievenments in economic development in recent years.This is obvious. However, some serious issues have occured. The gap between the rich and the poor becomes widening. The rich becomes richer and few changes have taken place on the poor. No wonder the hatred toward the rich has become stronger and stronger.

Jul 6, 2009 05:16	#4
GUEST20298	They will exceed germany, but the chinese population is still poor and way far from the european standards of living.

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