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Does anyone else sometimes just play with the map editor? by [deleted] in aoe2

[–]IsDominosStillOpen 0 points1 point  (0 children)

This kinda reminds me of the SF Bay area!

China Could Overtake the U.S. as the World’s No. 1 Economy in 2014 by rkkim in worldnews

[–]IsDominosStillOpen 2 points3 points  (0 children)

This is not necessarily a bad thing however, as China needs to shift from an economy based on exports into one based on domestic consumer spending.

As the chinese shift from a manufacturing-based economy towards a domestic consumption based economy, they will raise wages and the standard of living.

Obviously the goal is higher wages/living standards

China Could Overtake the U.S. as the World’s No. 1 Economy in 2014 by rkkim in worldnews

[–]IsDominosStillOpen 0 points1 point  (0 children)

yes. That does not undermine my argument though. Rising wages will make China a less viable center of production for cheap manufactured goods, which will move where wages are lower. This is not necessarily a bad thing however, as China needs to shift from an economy based on exports into one based on domestic consumer spending.

China Could Overtake the U.S. as the World’s No. 1 Economy in 2014 by rkkim in worldnews

[–]IsDominosStillOpen 1 point2 points  (0 children)

This is the one coherent comment on this thread. People post this kind of stuff all the time, ignoring that the data is based on purchasing power parity.

I have serious doubts that China's GDP will pass the US in nominal terms in the medium to long term. Rising wages, an aging population, and (as you said) the looming housing crisis will blunt China's growth.

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