Presentation on theme: "Could China Pass the US? Goldman Sachs says that China can become the largest economy in the world by 2035 by growing by 5% a year. What does the world."— Presentation transcript:
1 Could China Pass the US?Goldman Sachs says that China can become the largest economy in the world by 2035 by growing by 5% a year.What does the world look like when China’s economy is 9x bigger than it is today?What opportunities does this represent for entrepreneurs?
2 India is RisingGoldman Sachs says that India can challenge the US for #2 by 2040 by growing by 6% a year.What does the world look like when the Indian economy is 12x bigger than it is today?What opportunities does this represent for entrepreneurs?
3 Here Comes The BRIC Middle Class Goldman Sachs predicts the BRIC Middle Class could grow from 250 million to 1 billion in the next decadeMcKinsey says the Chinese middle class will grow from 80 million in 2007 to 700 million in 2020.Goldman says that the BRIC Middle Class could grow from 250 million in 2005 to 3.5 billion by 2050*Jim O'Neill, Managing Director & Head of Global Economic Research, Goldman Sachs, 5/06McKinsey & Company, Inc.
4 How Far The BRICs Have Come 4/1/2017In 2006 the G7 (the US, Japan, Germany, France, Britain, Italy & Canada) held $1,253,900,000,000 in FOREXBy the end of 2007 China’s FOREX reserves had passed $1,500,000,000,000China spent $65 billion for the Olympics. 5x the cost of the Athens Olympics.China then invested $300 billion to create the China Investment CorporationToday, China has $2,640,000,000,000 in FOREX reserves.America’s debt, on the other hand, will increase by $1,000,000,000,000+ in 2011.
5 A Warning From The Future? The Chinese Professor
6 Just The Facts, Jack (Billion US$) May 2008China = $506.8Japan= $575.3Caribbean Banking Centers = $104.5Oil Exporters = $164.2UK = $271.2Brazil = $151.4Russia = $63.7Luxembourg = $75.2Hong Kong = $61.4Taiwan = $38.9Aug 2010China = $868.4Japan = $836.6UK = $448.4Oil Exporters = $226.6Brazil = $165.0Caribbean Banking Centers = $159.1Hong Kong = $137.8Taiwan = $130.2Russia = $129.0Switzerland = $106.6
7 Cell Phone Penetration China15 million users in 1997410 million users in 2006703 million users in 2009845 million users by end of 20101.2 billion by 2014Added 9.4 million new users in May303,226 per day!India340,000 users in 1997525 million users in 2009766 million users by end of 20101 billion+ users by 2012Added 19 million new users each month in the first four months of 2010633,333 per day!
8 GDP PredictionsChina is expected to pass Japan and have the second largest GDP in 2010China is expected to surpass the US GDP in 2027Side note, India is projected to pass the US in 2050
9 Houston, We Have A Problem! China Could pass US BY 2012!Source: The Conference Board Report issued on November 10, 2010 using Purchasing Power Parity (PPP)