Beijing should try to make the Chinese yuan exchange rate set at ¥1 yuan per $0.25 US dollar or higher as the bottom floor. Then the HSBC GDP forecast will happen way earlier to later this year. A maximum of ¥92 trillion yuan GDP by the end of 2018 will suddenly exceed $22 trillion US dollars.
UPDATE: With 1 Chinese yuan at the $0.1461 dollar rate during this week of Sept. 8th, the $15 trillion or $14 trillion GDP forecast may be very hard to meet by the end of December 2018. The nominal exchange rate have consistently been less than $0.149 dollar per yuan in recent months after Q2.
Replacing the dollar's dominant global role with the Chinese yuan requires physical insurance like a very huge navy fleet. China's financial strength needs to be backed up by its military might. Washington will not let its financial position be overtaken without utilizing its vast military...
This puts a smile on Uncle Sam's face. Frankly, until China surpasses the United States in nominal economic size and military might, Washington and its core allies will continue to treat China's core interests like a small doormat. Spit on it, step on it, whatever. That's what they ultimately...
What if Chinese netizens want Beijing to start flying its fleet of reconnaissance planes and drones over Guam, Hawaii, and Puerto Rico on a regular basis? Tit for tat? And will the PLA Navy start patrolling near the Gulf of Mexico?
@Kai Liu @Jlaw @oprih @Tauren Paladin
And just for the top 3 economies alone: Graph included <---(for nominal values)
1. USA: $19.3906 trillion ($19.3906 trillion PPP) <---(Graph included for PPP values)
2. China: $12.2377 trillion ($23.3007 trillion PPP)
3. Japan: $4.8721 trillion ($5.5628...
USA's GDP is $19.3906 trillion for 2017 according to the World Bank <---(link)
China's GDP is $12.2377 trillion for 2017 according to the World Bank
China's GDP is $12.84 trillion for 2017 according to Xinhua News Agency <---(link)
@Jlaw @oprih