IF ONLY THE COULD GET A DO-OVER:

China' s GDP On Par With 1949 Levels (Epoch Times, Sep 15, 2011)

China's economy may have grown to become the world's second-largest, but its share of global gross domestic product has only reached a level comparable to when the Communists first came to power in 1949, a prominent Chinese economist has said.

China's GDP accounts for but 5 to 6 percent of the world's economic activity, which is a level China last reached six decades ago, notes Hu Xingdou, professor of economics at Beijing Institute of Technology.

According to a recent Radio France International report, China's aggregate economy amounts to US$4.5 trillion, while the United States' is triple that at US$14 trillion; America's per capita income swamps China's by 14 times.

Just in time for them to start their decline into oblivion.

Posted by oj at September 16, 2011 7:12 AM
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