When will China overtake the U.S, economically?

[ImaLooser]

Forgive me but are you being sarcastic or just emphasizing the word certain, sorry if it is a stupid question but you understand if sarcasm doesn't carry well in written word.

Emphasizing. There is zero chance that current trends will continue without interruption for 18 years.

 

[Astronuc]

http://news.yahoo.com/china-firm-acquire-major-african-052727505.html

BEIJING (AP) -- A privately owned Chinese company is finalizing the acquisition of an Australian mining firm that controls a major iron ore mine in west Africa, a move that would give China a stronger role in setting global iron ore prices, China's official Xinhua News Agency reported Saturday.
. . . .
Hanlong is seeking a partnership with Chinese state-owned companies and investing $5 billion to develop the Mbalam project and to build a 550-kilometer (340-mile) railway and a shipping port, Xinhua said.. . . .

Ostensibly, the railroad and port will be built under Chinese supervision and using Chinese made steel and equipment.

Last time I checked, 9 of 10 largest global mining and mineral companies were non-US (majority BRIC, IIRC), and they were developing iron and other metals used in construction and structural materials.

 

[AlephZero]

Right. I am CERTAIN that China is corrupt as hell, that much of their investment is foolish and/or phony, that the statistics they release are false, that those in charge don't know what they are doing, and the whole propped-up mess will crash. So projections of their current rate of growth will not be realized.

Yup, it took them a while to learn how other countries play the "world economics game", but they figured it out eventually.