What will the world be like when China has the largest economy in 2018?

What will the world be like when China has the largest economy in 2018?
by

1 Answer

Answer :

Western manufacturers, particularly Americans, have never been very good at understanding foreign consumers to whom they sell. As China’s economy surpasses the US (not a forgone conclusion unless the Chinese government reduces controls and regulations on the economy) then it will be in Westerner’s selfish interest to understand Chinese culture and speak the language. The biggest change therefore will be the number of Westerners who see fit to learn to speak Mandarin Chinese. By the way, it is not inevitible that the Chinese economy surpasses the US. It will certainly occur if the US government limits economic growth by its own attempts to control US industry and commerce.
by

Related questions

Which of the following countries is the largest exporter of rice in the world? a) India b) China c) Bangladesh d)Thailand

Description : Which of the following countries is the largest exporter of rice in the world? a) India b) China c) Bangladesh d)Thailand

Last Answer : a) India

Which country is the largest producer of sugarcane in the world? a. Mexico b. Cuba c. China d. Brazil

Description : Which country is the largest producer of sugarcane in the world? a. Mexico b. Cuba c. China d. Brazil

Last Answer : d. Brazil

Will China ever overtake USA as the world's largest economy?

Description : Will China ever overtake USA as the world's largest economy?

Last Answer : Based upon past and present, answer is no. Because usa has strong factors to contribute to their economy. World's largest and biggest companies are found in usa and those companies are ruling the World. ... is the leading country. I don't think so china will surpass USA in world's largest economy.

Winter Olympics 2018 was held in _____ country: (a) South Korea (b) North Korea (c) China (d) None of These

Description : Winter Olympics 2018 was held in _____ country: (a) South Korea (b) North Korea (c) China (d) None of These

Last Answer : (a) South Korea

Which of these three countries countries signs USMCA to Replace NAFTA in G20 Summit 2018?(a) USA, Mexico and Canada (b) Germany, Japan and Denmark (c) China, India and Japan (d) None of These

Description : Which of these three countries countries signs USMCA to Replace NAFTA in G20 Summit 2018? (a) USA, Mexico and Canada (b) Germany, Japan and Denmark (c) China, India and Japan (d) None of These

Last Answer : USA, Mexico and Canada

National Food security mission started in the year a. 1997 b. 2007 c. 2017 d. 2018

Description : National Food security mission started in the year a. 1997 b. 2007 c. 2017 d. 2018

Last Answer : b. 2007

B) 4.9% Explanation: India is expected to equal China‘s 4.9% share of world GDP in 2005 by the middle of next decade and if the country grows faster, the date can be advanced. India‘s economy grew a stronger-than-expected 7.9% in the March quarter, making it the fastest growing major economy. HSBC said that if India grows at 8% rate, it would achieve the 4.9% share by 2027.

Description : B) 4.9% Explanation: India is expected to equal China s 4.9% share of world GDP in 2005 by the middle of next decade and if the country grows faster, the date can be advanced. India s economy grew ... major economy. HSBC said that if India grows at 8% rate, it would achieve the 4.9% share by 2027.

Last Answer : Which payment company launched a new POS terminal which seeks to ease payments across millions of small merchant outlets across India? A) PayUmoney B) Udio C) Paytm D) MoneyGram E) None of these

What does the recent Chinese rebuke of individual wealth mean for the world economy?

Description : What does the recent Chinese rebuke of individual wealth mean for the world economy?

Last Answer : Not an investor or an economist, but I have worked as a legal researcher for attorneys supporting business clients with interests in China and elsewhere in Asia. For whatever it's worth, ... likely a calculated attack aimed at bringing private business under party domination. Only time will tell.

Globalisation means - (1) Integration of economy (2) Integration of financial market (3) Integration of the domestic economy with the world economy (4) Integration of the various sectors of economy

Description : Globalisation means - (1) Integration of economy (2) Integration of financial market (3) Integration of the domestic economy with the world economy (4) Integration of the various sectors of economy

Last Answer : (3) Integration of the domestic economy with the world economy Explanation: Globalization is the process of international integration arising from the interchange of world views, products, ... globalization refers to processes that promote world-wide exchanges of national and cultural resources.

An economy which does not have any relation with the rest of the world is known as (1) Socialist economy (2) Closed economy (3) Open economy (4) Mixed economy

Description : An economy which does not have any relation with the rest of the world is known as (1) Socialist economy (2) Closed economy (3) Open economy (4) Mixed economy

Last Answer : (2) Closed economy Explanation: A Closed economy is an economy in which no activity is conducted with outside economies. A closed economy is self-sufficient, meaning that no imports are brought in ... The goal is to provide consumers with everything that they need from within the economy's borders.

An open economy is one wherea. Deficit financing is absentb. No export activitiesc. No import activitiesd. Economy opened to the world

Description : An open economy is one where a. Deficit financing is absent b. No export activities c. No import activities d. Economy opened to the world

Last Answer : d. Economy opened to the world A closed economy is one where there is no exporting or importing activity. it is generally a feature of underdeveloped economies.

Globalisation means (1) Integration of economy (2) Integration of financial market (3) Integration of the domestic economy with the world economy (4) Integration of the various sectors of economy

Description : Globalisation means (1) Integration of economy (2) Integration of financial market (3) Integration of the domestic economy with the world economy (4) Integration of the various sectors of economy

Last Answer : Integration of the domestic economy with the world economy

An economy which does not have any relation with the rest of the world is known as (1) Socialist economy (2) Closed economy (3) Open economy (4) Mixed economy

Description : An economy which does not have any relation with the rest of the world is known as (1) Socialist economy (2) Closed economy (3) Open economy (4) Mixed economy

Last Answer : Closed economy

Which city is the World’s Largest Consumer of Cannabis according to the Weed Index- 2018 report? (a) New York (b) New Delhi (c) Karachi (d) None of These

Description : Which city is the World’s Largest Consumer of Cannabis according to the Weed Index- 2018 report? (a) New York (b) New Delhi (c) Karachi (d) None of These

Last Answer : New York

If the US economy kicked off the global financial crisis of 2007-8, why are so many people denying the possibility of China sending global markets into another crisis today?

Description : If the US economy kicked off the global financial crisis of 2007-8, why are so many people denying the possibility of China sending global markets into another crisis today?

Last Answer : answer:China does things that would be totally illegal here to manipulate their stock market (like the government pumping in 20 billion a week to inflate prices). So I wouldn't really chalk the last week ... correction. That being said I have lost a lot this last week, but I am not concerned.

How did the tang rulers strengthen China economy?

Description : How did the tang rulers strengthen China economy?

Last Answer : By supporting farming and trade.

Consumer's sovereignty means: (1) consumers are free to spend their income as they like. (2) consumers have the power to manage the economy. (3) consumer's expenditures influence the allocation of resources. (4) consumer goods are free from government control,

Description : Consumer's sovereignty means: (1) consumers are free to spend their income as they like. (2) consumers have the power to manage the economy. (3) consumer's expenditures influence the allocation of resources. (4) consumer goods are free from government control,

Last Answer : (1) consumers are free to spend their income as they like. Explanation: Consumer sovereignty means that buyers ultimately determine which goods and services remain in production. In unrestricted markets, ... to motivate producers. So ultimately it means how the consumers want to spend their incomes.

Consumer’s sovereignty means: (1) consumers are free to spend their income as they like. (2) consumers have the power to manage the economy. (3) consumer’s expenditures influence the alloca tion of resources. (4) consumer goods are free from government control.

Description : Consumer’s sovereignty means: (1) consumers are free to spend their income as they like. (2) consumers have the power to manage the economy. (3) consumer’s expenditures influence the alloca tion of resources. (4) consumer goods are free from government control.

Last Answer :  consumers are free to spend their income as they like.

Does China deserve to be the world's top superpower?

Description : Does China deserve to be the world's top superpower?

Last Answer : Deserve? I suppose if they can take that power and hold on to it then, yes, they deserve it.

Assuming the US reduces coal use due to negative externalities, should the US restrict coal exports to China and India who seek to use and build more coal-fired electrical generating plants?

Description : Assuming the US reduces coal use due to negative externalities, should the US restrict coal exports to China and India who seek to use and build more coal-fired electrical generating plants?

Last Answer : Coal jobs are already being lost at an alarming rate. If we don’t mine it, it will come from other coal exporting countries. I don’t see any benefit to hurting ourselves in a futile attempt to manage other countries.

What exactly is China doing to keep the value of their currency low, and why is it important?

Description : What exactly is China doing to keep the value of their currency low, and why is it important?

Last Answer : answer:They make more of it lots more of it. The result is inflation which leads their money to statistically be worth less. It's important because it benefits companies that reside in China and operate ... also why it actually BENEFITS the US in some cases for the value of the dollar to go down.

What would the ramifications be for a trade war between US and China?

Description : What would the ramifications be for a trade war between US and China?

Last Answer : Hopefully it would mean more self-reliance on both countries part, and not escalate into a full blown war. Although a trade war would refute the trends of globalism I think more self-sufficient practices ... middle class with consumer spending in China.. then maybe we can see more eye to eye

Today, China is calling for a new reserve currency. What will happen now?

Description : Today, China is calling for a new reserve currency. What will happen now?

Last Answer : A global currency? Is this the beginning of a world government?

India, China, Dubai? Where is the next "happening" place?

Description : India, China, Dubai? Where is the next "happening" place?

Last Answer : Portland, OR

Special Economic Zone (SEZ) concept was first introduced in - (1) China (2) Japan (3) India (4) Pakistan

Description : Special Economic Zone (SEZ) concept was first introduced in - (1) China (2) Japan (3) India (4) Pakistan

Last Answer : (1) China Explanation: Worldwide, the first known instance of an SEZ seems to have been an industrial park set up in Puerto Rico in 1947 to attract investment from the US mainland. In the ... the 1980s China made the SEZs gain global currency with its largest SEZ being the metropolis of Shenzhen.

Origin of Red gram is — a. India b. Africa c. China d. Thailand

Description : Origin of Red gram is — a. India b. Africa c. China d. Thailand

Last Answer : b. Africa

Barbari breed of goat is native of a. England b. India c. China d. East Africa

Description : Barbari breed of goat is native of a. England b. India c. China d. East Africa

Last Answer : d. East Africa

Origin of Maize crop is — a. Mexico b. Indonesia c. China d. Philippines

Description : Origin of Maize crop is — a. Mexico b. Indonesia c. China d. Philippines

Last Answer : a. Mexico

In paddy dapog method of seedling raising introduced from — country. a. Japan b. Indonesia c. China d. Philippines

Description : In paddy dapog method of seedling raising introduced from — country. a. Japan b. Indonesia c. China d. Philippines

Last Answer : d. Philippines

Origin of Potato is ____ a. India b. China c. South America d. Africa

Description : Origin of Potato is ____ a. India b. China c. South America d. Africa

Last Answer : c. South America

Special Economic Zone (SEZ) concept was first introduced in (1) China (2) Japan (3) India (4) Pakistan

Description : Special Economic Zone (SEZ) concept was first introduced in (1) China (2) Japan (3) India (4) Pakistan

Last Answer : China

Would it help an economy if money expired and did not “earn interest” after a time?

Description : Would it help an economy if money expired and did not “earn interest” after a time?

Last Answer : No. Everybody could go on the “Dole” and nobody would work . . . then what @RedDeerGuy1 ?

How will the US economy be affected if Venezuelan oil is completely cut off due to Civil War?

Description : How will the US economy be affected if Venezuelan oil is completely cut off due to Civil War?

Last Answer : Hardly at all. Venzuela’s oil production has been reduced to be barely noticeable outside the Caribbean. And right now there is a glut of oil; every time it sneaks above $55 per bbl there is a huge increase on the world market.

Is the sharing economy a good thing?

Description : Is the sharing economy a good thing?

Last Answer : When you buy a new car and pay for them to register it, all you're really doing is paying for someone to stand in line for you at the Motor Vehicle Department. When you say shouldn't people be ... m not harming anybody by doing that, and they're not harming anybody by waiting in line on my behalf.

In simple terms, and your own opinion what is it going to take to get the economy to where you think it should be?

Description : In simple terms, and your own opinion what is it going to take to get the economy to where you think it should be?

Last Answer : And we all know Obama is gone next year, so lets not use that excuse.

Is the problem with the economy, the poor want a living wage, or the wealthy get paid too much?

Description : Is the problem with the economy, the poor want a living wage, or the wealthy get paid too much?

Last Answer : You might want to clean up this question. I’m not sure what it is asking.

Exchange economy or gift economy?

Description : Exchange economy or gift economy?

Last Answer : answer:You can certainly attempt to revive a gift economy among your friends and associates - and good luck to you in the attempt, sincerely - but as a model for the industrial economy in which ... mine, free and clear, with no other obligation expressed or implied. Sometimes soulless is good, too.

In your opinion, what is better for the economy: cheap consumer goods or having a lot of decent jobs available?

Description : In your opinion, what is better for the economy: cheap consumer goods or having a lot of decent jobs available?

Last Answer : answer:Without a job, even cheap consumer goods may be unobtainable. With a job, you may be able to buy consumer goods that don't break. That said, if you have a lot of desperate labor around, ... even more profit. So there's really no incentive to change it to benefit the little guy anytime soon.

If millions of people moved their money from banks to credit unions over the course of a year, what impact would that have on the economy?

Description : If millions of people moved their money from banks to credit unions over the course of a year, what impact would that have on the economy?

Last Answer : answer:It would affect the profitability of big banks, but not necessarily have nay impact on consumers. If it was big enough, large banks would need to offer products to re-attract consumers, such as ... directly dependent on consumer demand. So there might be a bump up in car and house buying.

How would you rebuild people's confidence in the economy?

Description : How would you rebuild people's confidence in the economy?

Last Answer : You create confidence the economy by creating an economy that people can have confidence in. It's just that simple, there is no smoke and mirrors solution here. People see the money they have, ... or the next few years and they will start having confidence in the economy and start spending money.

What's Next for the American Economy?

Description : What's Next for the American Economy?

Last Answer : I think the recession will continue. I think some markets will recover. I think some people will never recover. I think it’s worse than what people think.

What exactly is free trade and what business of our economy benefit from it?

Description : What exactly is free trade and what business of our economy benefit from it?

Last Answer : answer:Free trade. Hint: all businesses benefit in the same way. What does your textbook or teacher say? Think of a lemonade stand. You buy the lemons from Mexico; the lumber from the Pacific NW in the United States; import child labor from Canada and use your local bank to hold the profits.

Can there be a situation where over-regulation of a free capitalist economy lead to economic socialism?

Description : Can there be a situation where over-regulation of a free capitalist economy lead to economic socialism?

Last Answer : answer:I think that the amount of regulation necessary would be unlikely. Also, it would have to actively take wealth and redistribute it, which goes beyond any contemplated regulation.

Is there a relatively safe way to have a 10% return on invested money in this economy?

Description : Is there a relatively safe way to have a 10% return on invested money in this economy?

Last Answer : eden2eve: I suggest an investment in pine-trees. They take about 45 years to mature but the return is pretty close to 10% over the life of the investment and they are relatively safe. You can lose ... to develop a good relationship with a forester to show you the ropes, mark trees for thinning, etc.

How would a prestige based economy work?

Description : How would a prestige based economy work?

Last Answer : You contribute to the common good, you get credits. You may then spend said credits toward someone else's contribution to you. Change depends on everyone, but you can start with ... ://phoebusg.com/index.php?option=com_content&view=article&id=19:concepts&catid=5:blog&Itemid=12 Look for Taskswap.

Could our economy function if businesses operated transparently?

Description : Could our economy function if businesses operated transparently?

Last Answer : Go see the documentary, Food, Inc for a partial answer to this question. 6 huge corporations control 90% of our food supply (Montsanto, Cargill, among others) and operate as unbenevolent dictators.

Why can't we use some of the existing $11 trillion to "stimulate" the economy and create jobs?

Description : Why can't we use some of the existing $11 trillion to "stimulate" the economy and create jobs?

Last Answer : Money is only borrowed to keep the government operational. They don't borrow, say, two billion, just to have two billion sitting around for a rainy day. The borrowed money is carefully ... back through the resell of toxic assets that will be purchased during the bailout for nominal sums.

How do you feel about the recent changes in the economy?

Description : How do you feel about the recent changes in the economy?

Last Answer : come on over here, our county sales tax receipts are steadily rising, and two new industries are locating here and adding another 1000 jobs, gas is $1.82 a gallon, and I bought a 2400 sq ft home on 4 acres for $115k. What recession?

Is there a site which follows the economy and oil trends in plain english?

Description : Is there a site which follows the economy and oil trends in plain english?

Last Answer : haha thats a funny question, but go to an economics site that translates things for you, or if u are looking at stocks, just get the widget (if you have a mac) on the apple website, and it is self-explanatory.

How has comsuming less good for the economy?

Description : How has comsuming less good for the economy?

Last Answer : consumption is very important to the economy and, normally, the more the better. what was tricky about last the last few years was how leveraged the american consumer was- especially in the Real Estate sector. So too much consumption, when excessively financed by debt, can be counter-productive.