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Thursday, 14 November 2013

image for China To Overtake U.S. Economy By 2016?

The Organisation for Economic Cooperation and Development in Paris stated in a revised report published this week that China was on course to surpass the U.S. economy in only three more years.

"China hasn't improved on their products but since junk sells if it's cheap, they will stay with the plan they have been working on for years", says Ronald Gilbert, a spokesman for the group.

China does appear to be working hard on improving larger items like the automobile but until American consumers learn that quality beats quantity in the long run, China will overtake the United States economy.

"Although big companies like WalMart and others talk about buying from U.S. factories, they continue to offer cheap products that people grab because of their income continuing to drop", continued Gilbert.

"Of course, if the U.S. dollar keeps dropping, the United States could begin making their own cheap junk."

Gilbert later admitted that China had already overtaken the EU economies.

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