Subscribe free to our newsletters via your
. Earth Science News .




POLITICAL ECONOMY
China economy to overtake US by 2019: state research
by Staff Writers
Beijing (AFP) Jan 9, 2013


China will overtake the United States economically within six years, an official research institute predicts, and go on to become the world's most important country in three decades more, state media said Wednesday.

The findings came from the Nation's Health Report issued by the Chinese Academy of Sciences, the Global Times said, without giving details of the criteria used for the prediction.

China's economy would be larger than that of the US by 2019, it cited the document as saying, and China's "international status" would exceed that of the US by 2049, the 100th anniversary of the founding of the People's Republic.

"National health" was defined as a country's "overall conditions... using resource sufficiency and wealth distribution as the major criteria", the Global Times said, but did not go into specifics.

China ranked as the 11th "healthiest" country out of some 100 nations, it said, just behind Costa Rica, with Sweden in top position.

The official Xinhua news agency said China was given a national health status of "up to standard", though the US, Japan and Britain were deemed "health deficient".

The report could not immediately be independently obtained from the Chinese Academy of Sciences.

China's stunning economic growth rates, increases in military spending and overlapping security interests in the Asia-Pacific region with the US have sparked concerns the countries could find themselves increasingly at odds in coming decades as they jockey for global influence.

But the Global Times, which has close ties to China's ruling Communist Party, said the document's findings were seen by some as overly nationalistic.

"The report is indicative of an anti-US sentiment in Chinese society," Fang Zhouzi, described as a prominent whistleblower on academic fraud, told the paper.

"It casts the US as a potential threat and links the goals of China's national revival to surpassing the US," he added.

Decades of economic reform and openness to foreign investment have propelled China from a poor, overwhelmingly agricultural country to become the world's second-largest economy behind the US.

International analysts widely expect China's economy, given its high growth rates, to overtake the US in terms of gross domestic product, or total size, some time in the first half of this century, though differ on exact timing and criteria.

But they also see the US as likely to remain wealthier on a per capita basis given China's huge population of 1.3 billion, with that of the US currently at about 315 million.

.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








POLITICAL ECONOMY
Steady tide of acquisitions mark new year
Raufoss, Norway (UPI) Jan 8, 2013
Company acquisitions are continually changing the face of national aerospace and defense industries and 2013 is unlikely to be an exception. Notable takeovers announced at 2012 yearend and the start of 2013 involve the Nordic ammunition-maker Nammo, Italian aviation company Avio S.p.A. and U.S. conglomerates General Dynamics and Lockheed Martin. In Europe, the Nammo Group, which ... read more


POLITICAL ECONOMY
Obama signs $9.7 bn aid bill for Sandy victims

Obama considers broad arms sales restrictions: report

Fukushima 'unprecedented challenge': new Japan PM

Natural catastrophes caused $160 bn in damage: Munich Re

POLITICAL ECONOMY
Cloud computing expands in Latin America

LEON: the space chip that Europe built

That's not what I meant: A new phase in reading photons

Space Trash May Make Radiation Shields

POLITICAL ECONOMY
Genetics clues to survival of coral reef

Waterfall-climbing fish use same mechanism to climb waterfalls and eat algae

Rural Demand for Better Water Driving Mobile Water Treatment Growth In Asia Pacific

Coral records suggest that recent El Nino activity rises above noisy background

POLITICAL ECONOMY
A new approach to assessing future sea level rise from ice sheets

A New Way to Study Permafrost Soil, Above and Below Ground

Bering Sea study finds prey density more important to predators than biomass

Fiennes sails for Antarctica on first winter crossing bid

POLITICAL ECONOMY
KFC draws China customers despite food scare

Corn could help farmers fight devastating weed

German diners feast on 'trash' to cut waste

Finding Chicago's food gardens with Google Earth

POLITICAL ECONOMY
Russian volcano erupting with gas, ash

Rains bring flood havoc, drought relief to desert Jordan

7.5-magnitude quake hits off Alaska, triggers local tsunami

Stormy weather, heavy rains lash Israel, Palestinians

POLITICAL ECONOMY
NATO says no Mali plans, Compaore urges talks

Central Africa peace talks begin in Gabon

Zimbabwe safari grabs could harm tourism, warns Germany

Liberia starts troop pullout from I.Coast border: minister

POLITICAL ECONOMY
Promising compound restores memory loss and reverses symptoms of Alzheimer's

Dopamine-receptor gene variant linked to human longevity

Did Lucy walk, climb, or both?

Japan's population logs record drop




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement