You're watching...

Survey: China's the Top Economic Power

Details

  • Description

    FBN's Liz MacDonald on Pew research that reveals more Americans think China is the top economic power over the U.S.

  • Duration 2:32
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance

Transcript

This transcript is automatically generated

And at nine.

-- at the time is number one new poll found that more Americans actually think China -- the top economic power US what is that.

And lots of other nations agreed to let it is real -- -- come on the net and I don't -- the bottom line and then the oncoming you know look at.

We think they're gonna be sliding down this is kids' table let banks and -- -- LA area anyway up for sale yeah.

That's -- -- -- relegated putting out -- -- this and this makes you feel awful right 40%.

Of Americans think that China's now this world superpower.

And this is different from what we've seen and the pew research service of the past for the first time it's now shifting this is vs 40%.

Other by Americas -- they -- the US is still a superpower.

The economic superpower of the world but you know this is sort of what we're seeing across the globe that -- -- -- research says survey.

That even Germany France Britain Spain.

The majority of other countries think that now China is the world's second -- that.

It means that the data -- China is in theory the -- -- well because you look at what China in themselves the people of China as saying they say 40%.

Believed that the US.

Is -- hits the world's economic superpower vs 29%.

Well look when you look at the numbers and the IMF the World Bank from places like Morgan Stanley.

You see time and again that the US still stacks up -- -- more superior than China but why why do you think we feel this -- and I and it's just -- -- -- it is it's and I think you know because that way people respond to the US as a superpower in the way Americans feel about themselves right now.

But would you look at -- S&P has China's debt rating lower than the US.

-- basically tried China's you debt to GDP ratio is -- insolvent Portugal's right now.

They -- per capita purchasing power of Chinese people -- result in 4700 that's a tenth of what -- -- -- it's prevalent I mean even my kids thinks.

They think all products are made in China.

We don't make anything evidence from China and yet that it does feel that way but you know what they -- -- they don't have the soft economic power that the US has with their powerful brands.

-- what China brand you know that you wanna buy right now.

Yeah now right right and right by the way they have no FDA and -- they don't want any thing they just kind of have a little.

-- will create a -- place some -- for -- GDP to behalf bowers and they've got a 160 million consumers in there is coming on to our to our level.

They're still doing a lot with their economy but still over indebtedness hit off the balance sheet.

And -- again now as I said huge star spangled banner -- -- well America hysterical and.