World The United States will drop to third place in the global ranking of the world's largest economies, falling behind India and China, forecasters have predicted. In its annual ranking of the world’s largest economies, the UK-based financial services firm Standard Chartered has predicted China will overtake America as the world’s largest economy in ten years, Fox Business reported. Within the same period of time the size of India’s economy will also have surpassed the U.S., as it takes up second place. Read more: U.S.-China military conflict in South China Sea would be Washington's fault, Chinese expert claims The predictions see drastic change within the top ten over the next decade and a global shift away from the Western economies that currently dominate, towards the Asian giants and emerging markets. Indonesia is expected to climb to the fourth spot on the list by 2030 with Turkey rising to fifth. The emerging markets of Brazil, the only Latin … [Read more...] about World’s Largest Economy in 2030 Will be China, Followed by India, With U.S. Dropping to Third, Forecasts Say
China military size
close Video What will be the impact if new China tariffs go into effect? $16 billion worth of new China tariffs set to take effect soon; Concordia CEO Matthew Swift shares insight. The great engine of American capitalism is once again firing on all cylinders, as shown by the 4.1 percent annualized growth of America’s gross domestic product (GDP) in the second quarter of this year. Most Americans (with the exception of Democrats in Congress) are celebrating the good economic news. There is quiet rejoicing in many European and Asian capitals as well, since their mostly sluggish economies will now be drawn along in America’s powerful wake. But there is one capital where the American economic renaissance is definitely not welcome news. Consternation reigns in China, where President Xi Jinping is nervously watching his “China Dream” of dominating the United States go up in smoke. You see, surprising though it may sound, America’s economy may now … [Read more...] about Trump’s policies could enable America’s economy to outpace China’s
The Pentagon’s annual report on Chinese military and security developments warns this week that China is building up a fleet of long-range nuclear-capable bombers and is “likely” training its pilots to attack American targets. The relevant section of the report concerns China’s “overwater bomber operations,” which have rapidly expanded over the past three years. The Pentagon sees Chinese pilots “gaining experience in critical maritime regions and likely training for strikes against U.S. and allied targets.”The People’s Liberation Army Air Force (PLAAF) is currently the largest air force in Asia, and the third-largest in the world. Since 2017, new commander Lt. Gen. Ding Laihang has focused on developing a capacity for projecting long-range air power comparable to the U.S. Air Force. “The PLAAF continues to modernize and is closing the gap with the U.S. Air Force across a broad spectrum of capabilities, gradually eroding the … [Read more...] about Pentagon: China ‘Likely’ Training Bomber Pilots to Hit American Targets
By Amlan Chakraborty JAKARTA (Reuters) - China will be showing off an embarrassment of sporting riches, Indonesia will seek to prove its organisational capability and, equally importantly, the 18th Asian Games will offer a sneak peak into the future of the Olympics. With Thomas Bach having made engaging youth one of his key missions as International Olympic Committee (IOC) president, eyes will be on esports which debuts as a demonstration event at the Aug. 18-Sept. 2 Asian Games organised by the Olympic Council of Asia (OCA). Esports, boasting an estimated 250 million players worldwide, will be a medal event at the 2022 Asian Games in China. Grappling with an ageing audience and the waning appeal of several traditional Olympic sports, the IOC hosted its first esport forum in July during which Bach tried his hand at the competitive side of electronic gaming. The IOC chief will have more than a passing interest in how it fares at the multi-sport continental extravaganza which is second … [Read more...] about China’s Asiad juggernaut ready to roll in Indonesia
World International Affairs The U.S. military victory over Japanese Imperial forces on August 14, 1945, signified the end of the bloodiest conflict in modern history. It also ushered in a historic shift in global power, creating a growing and lasting U.S. military presence in Asia that has continued to this day—but not without its opponents. Only days after the world's first atomic bomb attacks killed up to 250,000 people in the Japanese cities of Hiroshima and Nagasaki, Japan officially surrendered to the U.S. and fellow Allied powers, including the Soviet Union and the U.K, ending World War II. The event was known as V-J Day and is officially commemorated in the U.S. on September 2, the date in which the surrender document was signed. The Empire of Japan was then dismantled and, for the first time in the country's history, Japan was occupied by a foreign power. The U.S. military occupation formally ended only years later in 1951, but the … [Read more...] about V-J Day: U.S. Military Power in Asia Grew After World War II, But Do We Still Need Bases There?