China’s economy overtook the U.S. in 2010.
Some time in 2010, the Chinese economy overtook that of the United States. In purchasing power parity (PPP) terms – that is, adjusting for the different costs of living in the two countries – the size of China’s economy was $14.8 trillion in 2010, compared to the US economy’s $14.6 trillion.
Continue reading… “China’s Economy Overtook the U.S. in 2010 to Become Number One”
Shanghai Tower illustrations are displayed outside its construction site in Shanghai.
Visiting Chinese President Hu Jintao, in Chicago today, will see a city famed as the birthplace of the skyscraper, for decades the towering symbol of U.S. economic ambition and power. These days, China has taken over as the skyscraper’s home.
Continue reading… “Skyscraper Building Boom in China”
Western nations matching China’s low-cost financing – below-market interest rates.
When General Electric approached the U.S. Export-Import Bank in 2009 wanting to sell 150 locomotives for $477 million to Pakistan, there was a sense of futility. GE had already lost an earlier bid to a Chinese firm. Why would Pakistan buy American-made locomotives this time?
Continue reading… “Western Nations Matching China’s Financial Strategy to Win Contracts”
New method to produce healthier drinking water.
In an effort to produce mass quantities of healthier H2O, Chinese scientists have come up with a new method to change water’s chemical composition. It involves making light water.
Continue reading… “China’s New Method to Mass Produce Light Water”
Workers walk past a part of Qinshan No. 2 Nuclear Power Plant in China.
Chinese scientists have made a breakthrough in spent fuel reprocessing technology that could potentially solve China’s uranium supply problem, state television reported on Monday.
Continue reading… “China Reports Breakthrough in Nuclear Technology”
After having already banned Facebook, Twitter and YouTube, the Chinese government has now decided to outlaw Skype, as well. The move, announced in the People’s Daily, means that all Internet phone services will now be considered illegal within the country, except for those offered by two state-operated telecom companies — China Unicom and China Telecom…
Continue reading… “China Declares Skype Illegal”
By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.
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