Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.
BTW, clicking on most charts will produce the original-sized, i.e., bigger version.
Monday, November 12, 2012
The rise and rise of China
Some interesting factoids here.
China now world's second largest economy at official exchange rates, though it's been second largest for a while now at PPPs. At PPPs, my estimate is that it is now about 3/4 of the size of the US economy (US roughly 22% of the world economy, China +-15%) 'Course, it has far more ppl. Per capita, it's still some way behind.