Bloomberg China's economy will never surpass the US

[firefox]

This article has one important fact that has a way of not appearing any where and that is tha US GDP is $11.93 trillion. I do not agree with the article saying China will never surpass the US because of their population.

From http://quote.bloomberg.com/apps/news?pid=10000039&refer=columnist_berry&sid=aiveEi_ZUHak

China's Booming Economy Will Never Surpass U.S.: John Berry

Dec. 29 (Bloomberg) -- China's economy is growing so fast that estimates of its long-term prowess are bordering on the absurd.

After Chinese statisticians recently sharply revised up their estimate of economic output in 2004 to $1.93 trillion, some analysts said that in 35 years it would overtake the U.S. economy.

No way, no how. The U.S. simply has too big a lead, with gross domestic product last year at $11.73 trillion.

Even if China's GDP were to grow indefinitely at 11 percent a year -- 9 percent real growth plus 2 percent inflation -- and the U.S. experienced 5.5 percent growth -- 3.5 percent real and 2 percent inflation -- it would take the Chinese 40 years to catch up in terms of nominal GDP.

[PATRICK]

1. Britain and the Soviet Union

The Roman Empire, you name it. Sometimes this side issue which itself is a question raised by fear masks the sinking of an Empire, not the rise of a rival. America's multi trillion dollar economy must be productive and not translated into multi-trillion dollar, foreign owned debt and multinational octopus money games that did NOTHING to halt delcine and led to catastrophes paid for by the corrupt strategies of an economic power leveraging its fading influence in ways to hasten its real fall.

American banks and stocks will be fine. American government will be able to strut. Just so long as no one in the real world pokes at the real world weaknesses. But in those cases the money and the money players keep "AMERICA" alive as a power with little concern for what Americans lose.

[acmejack]

2. So if we have 11% inflation they'll never gain any ground?

Our problems are all solved, given zero real growth.

[PATRICK]

3. Britain and every other world power,

The Roman Empire, you name it. Sometimes this side issue which itself is a question raised by fear masks the sinking of an Empire, not the rise of a rival. America's multi trillion dollar economy must be productive and not translated into multi-trillion dollar, foreign owned debt and multinational octopus money games that did NOTHING to halt delcine and led to catastrophes paid for by the corrupt strategies of an economic power leveraging its fading influence in ways to hasten its real fall.

American banks and stocks will be fine. American government will be able to strut. Just so long as no one in the real world pokes at the real world weaknesses. But in those cases the money and the money players keep "AMERICA" alive as a power with little concern for what Americans lose.