Although China is on track to become the largest economic power in the next 30-50 years, The one thing that I want to point out this morning is that they are still a very poor country, as noted by their GDP per capita. Their total GDP is higher, but when you consider how low their GDP per capita is compared to other countries, it really drives the point that China is not really at a point where they can bail out the Euro.
Tuesday, December 6, 2011
Tues 11.8.11
Just a short note from Kevin today. As everyone starts to really question if we could have contagion in the Euro, and some investors are pointing out that China could come to their rescue, since so much of China's GDP is from exports to Europe.
Although China is on track to become the largest economic power in the next 30-50 years, The one thing that I want to point out this morning is that they are still a very poor country, as noted by their GDP per capita. Their total GDP is higher, but when you consider how low their GDP per capita is compared to other countries, it really drives the point that China is not really at a point where they can bail out the Euro.
Although China is on track to become the largest economic power in the next 30-50 years, The one thing that I want to point out this morning is that they are still a very poor country, as noted by their GDP per capita. Their total GDP is higher, but when you consider how low their GDP per capita is compared to other countries, it really drives the point that China is not really at a point where they can bail out the Euro.
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