Overturning our superpower status
Prior to the financial crisis that rumbled outward from the United States and shook the global economy, the majority of people around the world viewed the U.S. as the planet's leading economic power, according to a survey conducted by the Pew Research Center in 2008. At the time, China -- despite decades of rapid expansion -- received only half as many nods at No. 1 as did the United States.

How times have changed.

The financial crisis and subsequent recession vastly altered those perceptions. No longer is the U.S. viewed as having a cloak of invincibility. According to 26,000 people interviewed from 21 separate countries by the Pew Research Center, the U.S. is no longer looked upon as the world's leading economic power -- the title now belongs to China.

China doesn't fit the mold of a traditional economic superpower. Many of its residents live below what many of us would consider the poverty line and its vast countryside is still dominated by an agrarian economy.

Still, China is quickly on the path to gaining just as much, if not greater, significance as the United States in regard to global economic health. You simply can't ignore China anymore -- not even if you wanted to -- and here are 10 reasons:


Motley Fool contributor Sean Williams (on Twitter @TMFUltraLong) has no material interest in any companies mentioned in this article. The Motley Fool owns shares of Freeport-McMoRan Copper & Gold, Apple, and Google. Motley Fool newsletter services have recommended buying shares of Chevron, Apple, and Google, as well as creating a bull call spread position in Apple.


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CelestialOne

If this is an article about USA and China, then what is the point of the photo showing President Obama with Prime Minister Yoshihiko Noda of Japan. You can even see the Japanese flag on the left. It cannot be that President Hu and PM Noda look alike !

October 16 2012 at 4:33 AM Report abuse rate up rate down Reply
elsido98@gmail.com

Just one comment why America well never loose its "Super Power" status. Any country that decides to take actions against The Untied States well literally get their country leveled to absolutely nothing. I live in America, but I'm not just saying this to defend my country... It's a common fact that The United States has such a outstandingly huge "Nuclear Stockpile" that we can send the entire world into "Nuclear Winter". Again I'm not saying this to just defend my country, a lot of people (World Wide) would more than likely agree with what I'm saying. And just a comment to what I've seen other people say. America is not greedy, it's the most generous country in the world. We are a "Super Power" because of how powerful and helpful we are to all the other country of the world. One of many examples is, we didn't need to help Pakistan by attacking Iraq; we went to help a growing country. And this is to all the people in different country's that is see making comments below me. Stop dissing America! It may make you feel better about your country but keep it to yourself, this is a world-wide forum. Everyone can see what you say even America. And (imalibnow2) stop being racist, and saying that America is turning away from god. You not even funny when your saying that... Your being "Racist" and "To proud that your a Christian". I'm Christian, but I'm not dissing American people.

September 10 2012 at 11:39 PM Report abuse rate up rate down Reply
2 replies to elsido98@gmail.com's comment
The

The above comment by elsido98@gmail.com is a living proof of Americans getting dumber and dumber without realizing the history and living in the glory of the past. Or America is welcoming more and more dumber immigrants into their soil. And those dumb immigrants having an illusion of USA, USA, USA, still try to live in the past. Yes, US is the superpower. US is still the superpower. But the fact that US is losing its clout in recent decades is a proof that this country needs to be fixed from top down or two parties fighting just for the sake of party rather than looking for its own people.

And learn the history first. If you are native american, learn the history of how US emerge as the world superpower. US used to bully around the Latin America and Asia pacific regions. If you are caucasian from some other European countries your forefather came from, learn the history as well. Or go and visit Ellis islands in New York city where your forefather, mostly from Austria, Hungary, came from. And if you are immigrants, learn the history as well. Even before you were born, how US politicians manipulate global economy and forcing other weak nations as they please.

Rome was not built in one day. British Empire was not built in decades. British invades countries and took all resources available from their colonies. Every country came into world stage not as benevolent, kind-hearted nature of country, they all came with manipulative, strategic ploy to influence other countries. US is not an exception. As I mention, why don't you just pick up 20 century book and read all history?

September 30 2012 at 11:52 PM Report abuse rate up rate down Reply
arcanum2240

So you think that America would be able to weather a nuclear winter better than other places on the planet? We actually might do worse because our populace has become, unfortunately, rather lazy, and we depend more on our infrastructure and technology for day to day life than other areas of the world.
Oh, and you had better reexamine the history books to see why we are a world power. It has nothing to do with generosity, in fact it was quite the opposite. Economically, we are a world power because we were virtually the only western nation of size left that was unscathed by world war II, and therefore made a killing selling things to the countries (such as most of western Europe) that were very much devastated by it. Our own growth has now slowed down, and other countries have indeed started to catch up to us.
You can either sit around and deny this, or you can do something about it by voting, writing to congress, and participating in general. Assuming you don't already, of course.

October 11 2012 at 9:01 AM Report abuse rate up rate down Reply
John

China's economy is not going to be bigger than the US's in one, two or three decades.

July 17 2012 at 9:17 PM Report abuse +1 rate up rate down Reply
SIR ERIC HERE

I worked in the garment industry for most of my working life and would go to China nearly every month to ensure the quality of our garments were to the required standard. The workers lived on the premises and would go home to there rural homes say twice a year if they were able. Many places pay very poor wages, and even less than $ 50 a month. It is impossible to compete with China and at the end of the day the people who run the large clothing companies do not have any other choice but to buy from where it is cheaper and yes it is much cheaper. This can apply to most industries and companies have to be profitable to stay in business. Everyone goes for the cheapest country that can produce the best product and that has been a fact for many years now. I remember evryone saying that we should be more high tech but other countries quickly adapt to our needs and just look where most of our cell phones are made !

July 17 2012 at 12:45 PM Report abuse +1 rate up rate down Reply
Hi BoBo

well people if you want america strong aguien stop buying imported brands cars good etc buy american keep americans working i never did buy anything made in china i look where its is made before i buy it , i know its hard to find anything made in usa now days, its very sad, but i try my best to keep this country going aguien?

July 17 2012 at 11:46 AM Report abuse -1 rate up rate down Reply
rdd2897

Look people less face it the american people are the ones that are giveing our country to China by buying products made in China we have no one to blame except ourselves Americans want there cake and eat it to

July 17 2012 at 11:17 AM Report abuse +1 rate up rate down Reply
xerxesramsis

All because of these foreign bankers and there slave barry this is happening bye bye america

July 17 2012 at 10:46 AM Report abuse -1 rate up rate down Reply
erink91321

Lets all take a trip back in time to 1972 when then President Nixon, a Republican, went on that Infamous journy to China in response to a Empty Chinese Threat of War if We did not build up their economy. Nixon signed away Many Industrial American Jobs to China while there. At that time we were Stupidly in Viet Nam to fight a war that should have been fought in China. The Nixon era was the begining of the end for the American Economy since no President since then had the Courage to void that agreement. It is Time to Dump the Adam Smith theory of economics and Void the Free Trade agreements that were made without Public consent

July 17 2012 at 10:40 AM Report abuse +1 rate up rate down Reply
laeth8

As long as these money hungery CEO,S continue to export jobs to China There is no way we can compete with them, which I would call the Romney way to make money. People the 1% ers could give 2 shXts about main steam America.

July 17 2012 at 10:35 AM Report abuse +2 rate up rate down Reply
Ricky

Before long we will be China USA china will own us all !!!!!!!!!!!!!! Welcome to China -Mex-USA Come on in outsiders and own a peace of the Rock USA SEEMS to welcome all. Are new health care bill will take care of you , are city,s are going bankrupt, are president loves you all!!!!!!!!!!!!!! SO COME ONE COME ALL!!!!!!!!!! Everything we worked for is Going down the Drain!!!!!!!!!!!!!!!

July 17 2012 at 10:12 AM Report abuse +2 rate up rate down Reply