The financial crisis continues, when will China overtake the United States? Can the renminbi become

Hehe, this question is a bit interesting, for the time being, in the past 10 years or so, China still cannot surpass the United States in the real economy: (1) After the 60s of the 20th century, the United States gradually established a monetary system centered on the US dollar, thus determining the economic hegemony of the United States: (2) Although the financial crisis has dealt a heavy blow to the United States, it has also brought disaster to China's real economy, and as far as the current situation is concerned, China has become the largest creditor of the United States. In the world, China is also one of the few countries that can maintain stable growth in the crisis, but don't forget that a country's economic strength is not determined by the growth rate, the United States has been the global economic hegemon for nearly 60 years so far, is the only superpower in the world, his economic soft power is still amazing, which is not difficult to see from the fact that he can come up with 700 billion in 3 months is the plan, let me ask China is possible?

3) If a currency wants to become a world currency, it depends on the economic strength of this country, the United States occupies about 80% of the world's capital market, 40% of the world's **, and has the world's largest ** reserves, which is impossible for the current China to fight with him; (4) The depreciation of the US dollar and the appreciation of the RMB have brought certain troubles to China's exports and reduced the volume of China's commodity exports, which is also a means used by the United States to curb China's rapid economic growth; (5) In 2008, China's GDP surpassed Germany for the first time to become the world's fourth largest economy, and it is expected to surpass Japan to become the world's third largest economy from 2010 to 2011!

If we continue to develop, it can only be a situation in which everyone loses, and it is impossible for China to surpass the United States, and only when the general environment is good can China continue to develop and have the opportunity to surpass the United States In addition, the renminbi still has the possibility of becoming an international currency, which depends on the degree of the world's economic dependence on China, as long as the degree of dependence increases, and the renminbi settlement business increases, it may become an international currency.

The depreciation of the US dollar, the surge in demand for international currencies stemming from the export-oriented economies of emerging developing countries and on this basis, the US dollar has played this role! The United States** acts as the issuer and receives seigniorage (he issues currency as long as he adds a few zeros to the computer, which costs almost zero; The cost of printing 100 dollar bills is less than a dollar, but the interest charged on lending to other countries alone is 1%-3% per year). The depreciation of the dollar, the United States** is the only beneficiary!

Now the dollar** is the currency issued by the dollar, which is his debt ceiling trillion dollars (as of April 2011 data), of which 2 trillion is in China. The U.S. currency is now distributed around the world, 45 percent of which is at home and 55 percent overseas.

The economic cycle of China and the US dollar is different, and at present, China is in a state of inflation due to the excessive US dollar due to its export-oriented economy; The United States is in a state of deflation due to the decline in the velocity of money due to the financial crisis!

The U.S. monetary policy is aimed at the deflationary state of the United States, which is beneficial to its citizens and not to the Chinese people.

We can't even ** our own destiny, how can we ** the world.

The global financial crisis destroyed $50 trillion.

The global financial crisis, which began in the United States, has turned the world upside down after a decade of ups and downs: the global economy has been hit hard and has entered a "new mediocrity" of low growth and high risk; The wave of economic globalization has suffered setbacks and isolationism has risen; The global governance system and international order have been undergoing accelerated changes, and developing economies have gradually increased their voice. The real economy has been re-emphasized, and the pace of a new round of scientific and technological revolution represented by new energy, new materials, and artificial intelligence has accelerated ......

What is even more far-reaching is that the crisis has turned the United States, the "beacon" of the capitalist system, into a "shop window" to show the shortcomings of the capitalist system. Over the past decade, the Western world, led by the United States, has been plagued by internal faults and social divisions, and more and more people have begun to realize that the Western economic system and development model have institutional defects that are difficult to overcome.

The torch of history seems to be passing from the West to the East. "As Dominique Moisi, senior adviser at the French Institute of International Relations, said, in this global financial turmoil, the West is declining and the East is growing; The West is full of worries, the East is full of hope. Financial capitalism has come to a ditch that cannot be crossed, and its institutional shortcomings will inevitably make people discover that the system of modernization is by no means the only system in the West.

The shaking of this "institutional rule" has accelerated the revolutionary transformation of the new international political and economic order.

Let the world know how the global financial crisis has changed in the past decade.

China won".

Not long ago, Time magazine in the United States made the cover of the Asian edition in Chinese Simplified Chinese and English. Ian Bremer, the author of the cover article, said it was the first time that two languages appeared on the cover of Time magazine. The metaphor is that although the United States is still the world's largest economy, it is already declining, and China is steadily catching up with the United States.

Bremer is the founder of the Eurasia Group, a leading global political risk consulting firm. He made no secret of the fact that while the dollar's privilege as the world's reserve currency is likely to persist for many more years, the pillars of American power — America's military alliances, leadership, and willingness to promote Western political values — are fading.

In his view, the most straightforward starting point for this outcome was the subprime mortgage crisis that broke out in the United States ten years ago, which eventually detonated and destroyed the international financial crisis with a market value of $50 trillion. This financial catastrophe originating in the United States has had a profound impact on the global landscape that goes far beyond the economic sphere. He lamented in the text:

Just five years ago, the West agreed that China would one day need to carry out fundamental political reforms to preserve the legitimacy of its political system. But today, China's political and economic system is even more complete and sustainable than that of the United States, which dominated the international order after World War II. ”