Boycott China

[S O F I]

Most people would say it already has. Japan has caught up, too.

 

[ARon]

Readin in Time last year they were sayin its still about 8-10 years away, but if already damn, haha.

 

[AmerikazMost]

Just because their net GDP becomes greater thna ours doesn't mean they surpass us in overall economic power.

They do have 4 times more people than we do. When they achieve a GDP 4 times greater than ours, then I'll be impressed.

 

[_carmi]

^thats gonna happen SOON.

 

[Glockmatic]

How do you boycott the chinese government but not the people?

Ya, after I posted i thought "...how the hell do you do that".

The point is, why punish the people when its the goverment to blame? Also boycotting a MAJOR trading partner does more harm than good to yourself

 

[AmerikazMost]

^thats gonna happen SOON.

Our GDP is still 5-6 times greater than theirs. Our GDP per capita is still 22 times greater than theirs.

I think they still have a little ways to go.

 

[S O F I]

Our GDP is still 5-6 times greater than theirs. Our GDP per capita is still 22 times greater than theirs.

I think they still have a little ways to go.

Our GDP is roughly 13 trillion something, with the 2006 estimate.
China's GDP is roughly 10 trillion something, with the 2006 estimate.

China's GDP in the first half of this year is 10 something trillion.

 

[AmerikazMost]

Our GDP is roughly 13 trillion something, with the 2006 estimate.
China's GDP is roughly 10 trillion something, with the 2006 estimate.

China's GDP in the first half of this year is 10 something trillion.

I don't know where you're getting your information from, but that's not even close to being accurate.


Total GDP in 2006 (millions of US dollars):
United States - 13,201,819
Japan - 4,340,133
Germany - 2,906,681
China - 2,345,015

http://siteresources.worldbank.org/DATASTATISTICS/Resources/GDP.pdf

 

[S O F I]

I am getting my information from CIA's factbook.

https://www.cia.gov/library/publications/the-world-factbook/print/ch.html

https://www.cia.gov/library/publications/the-world-factbook/geos/us.html

However, stupid american idiots don't know how to convert Yuan to Dollars and don't know that the $ symbol does not mean currency, but AMERICAN currency. So, your information would be correct.

 

[AmerikazMost]

I am getting my information from CIA's factbook.

https://www.cia.gov/library/publications/the-world-factbook/print/ch.html

https://www.cia.gov/library/publications/the-world-factbook/geos/us.html

However, stupid american idiots don't know how to convert Yuan to Dollars and don't know that the $ symbol does not mean currency, but AMERICAN currency. So, your information would be correct.

Actually, you just picked the wrong statistics.

You used the statistics for the Purchasing Power Parity (PPP) of the two countries. It's an alternative measure to GDP per capita.

The theory behind the PPP is that all goods have a single value, and it's basically an alternative exchange rate. It looks at goods within the domestic market rather than the international. It's used to measure the standard of living within in a country, not its international competitiveness.

The figures you showed imply that the Yuan is undervalued because of its ability to buy goods within the country. As the GDP figures and the exchange rates show, however, it's still not competitive on the international scale.

Basically, your numbers say that if you had 5,000 Yuan, you could buy almost as much in China as you could in the United States with 5,000 US dollars.

 

[S O F I]

Actually, you just picked the wrong statistics.

You used the statistics for the Purchasing Power Parity (PPP) of the two countries. It's an alternative measure to GDP per capita.

The theory behind the PPP is that all goods have a single value, and it's basically an alternative exchange rate. It looks at goods within the domestic market rather than the international. It's used to measure the standard of living within in a country, not its international competitiveness.

The figures you showed imply that the Yuan is undervalued because of its ability to buy goods within the country. As the GDP figures and the exchange rates show, however, it's still not competitive on the international scale.

Basically, your numbers say that if you had 5,000 Yuan, you could buy almost as much in China as you could in the United States with 5,000 US dollars.

nigga i took macro i know all that shit, I just didn't really pay attention.

 

[Sebastian]

I see AM tries to be the smartass again

 

[Duke]

China sucks anyway, but I don't think we can afford to do without them.

 

[AmerikazMost]

nigga i took macro i know all that shit, I just didn't really pay attention.

I see AM tries to be the smartass again

I'm sorry. ECON is just my thing, ya know?

 

[Sebastian]

China sucks anyway, but I don't think we can afford to do without them.

Thats sad but true.

 

[Jokerman]

The point is, why punish the people when its the goverment to blame?

A boycott will punish the government too. But it's the long run we have to consider here. Boycotts have an impressive success record. The boycott and international sanctions against the white South African regime greatly helped to end apartheid, even though blacks suffered financially too. And black activists, like Mandela, suffered personally, but that didn't make them not speak up. Because they knew a greater good was involved.

In China, the labor force is not free. When we buy goods manufactured in China we are contributing to the perpetuation of a labor force that has no right to organize, to bargain or to strike. Labor organizers are either in jail or slave labor camps, or have been executed. So we are punishing the people by not boycotting, by buying their stuff, while rewarding the government.

By the way, the single largest importer of Chinese-made products in the world is stinking Wal-Mart, of course. If something's wrong somewhere, you can be sure Wal-Mart has a hand in it. Because when your sole motivation and guiding principle is profit, you create imbalances in all other areas. Same with the consumer. When your sole motivation is saving money, you contribute to the financial dysfunction of the nation and world, and in the long run, it will come back and bite you.

And, sure, we should be boycotting a lot of US companies for a lot of other things, like Wal-Mart and Philip Morris (Kraft Foods), to name a few. The point is we have to consume consciously, and not give in to the status quo and become defeatist in our attitude.