China’s Impact on the Global Economy Trade, Energy, and the Environment March 29, 2014 Robert Kaulfuss Professor of Economics Middlesex Community College BeyondEconomics.org

Per Capita GDP Per Capita GDP 2013 (PPP), Wikimedia Commons

Balance of Trade: Foreign Exchange Reserves Minus External Debt http://en.wikipedia.org/wiki/File:Country_foreign_exchange_reserves_minus_external_debt.png Based on CIA World Factbook data

Population

China’s Growing Dominance? Notes: This index is weighted average of the share of a country in world GDP, trade, and in world net exports of capital. The index ranges from 0 to 100 percent (for creditors) but could assume negative values for net debtors. The weights for this figure are 0.6 for GDP (split equally between GDP measured at market and purchasing power parity exchange rates, respectively; 0.35 for trade; and 0.05 for net exports of capital.   "This chart from Arvind Subramanian's new book, 'Eclipse: Living in the Shadow of China's Economic Dominance,' is interesting in three respects. First, it tracks broadly the economic dominance of the previous two superpowers, the United States and Great Britain. Second, it suggests today that China has come close to matching the United States in terms of dominance.  Third, it suggests that under conservative assumption about economic growth for China and the United States, by 2030 the world may well see a G-1, with China as the economic hegemon." -- Steven R. Weisman, editorial director, Peterson Institute for International Economics http://www.theatlantic.com/business/archive/2011/12/the-most-important-graphs-of-2011/250240/#slide6 Weighted average of the share of a country in world GDP, trade, and in world net exports of capital from Arvind Subramanian's “Eclipse: Living in the Shadow of China's Economic Dominance”

The American Dream

Demographics

China Adopts Fast Food

China Adopts the Car Culture

Insatiable Demand for Energy Wall Street Journal

Surging Demand for Oil

Oil Prices in the Industrial Age

The Easy (Cheap) Oil is Gone WashingtonPost.com

Biggest Contributor to CO2

CO2 Levels (Now at 390 ppm)

Arctic & Greenland Ice Melt

Is Economic Growth Sustainable? Population growth and congestion Rising cost of energy Climate change Environmental degradation Poverty, starvation, disease Political conflicts, terrorism

Their Moonshot and Ours Thomas Friedman, 9/25/2010 China Inc. just named its dream team of 16-state-owned enterprises to move China off oil and into the next industrial growth engine: electric cars. Not to worry. America today also has its own multibillion-dollar, 25-year-horizon, game-changing moon shot: fixing Afghanistan. We need to be in a race with China, not just Al Qaeda. Let’s start with electric cars.

The Next Era?