China's Economy

With all the talk of the Euro powers (Germany and France), asking for the Chinese to bail out the Euro, we need to look more closely at the Chinese economy and to put things in perspective.
 

Super Economy or Trade Dependent?

 
For all China's dramatic economic rise, its economy still accounts for less than 10% of global GDP at present, while the developed nations of Europe and America make up nearly 50%.

 

The "Yankee" Dollar

Its a sign of the strange times that we live in, that the US dollar is still weak against the crumbling Euro.


"Half A Dollar" in slang terms

I only remark on this because when I was kid, we used to think of the British "Pound" as worth four US dollars. and we even used the term a "half dollar" for a 'half crown' and the crown was sometimes called a "dollar" ... this was obviously pre-decimal days in the UK, when there were 20 Shillings to the Pound, a Crown was 5 Shillings, and therefore a Half Crown was 'Half a Dollar' .....