Forward ’s report on industry numbers and statistics data points % OF POPULATION FRIEND OR FOE? THE RISE OF DEVELOPING NATIONS Based on purchasing power parity (PPP), the economies of developing nations are expected to overcome those of developed nations by 2050. 70 60 50 40 30 20 China is not a problem 2009 GDP Projected 2050 GDP China is a serious problem/adversary 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 STATES OF CONCERN 48 of the 50 states faced budget deficits in fiscal year 2010. Less than $1 bn $1 to $2 bn More than $2 bn, less than $5 bn $5 bn or greater AVERAGE: $3,953,958,333 CA AK HI NY IL NJ DE MD FL PA MA RI NH VT AZ NC SC GA AL MS LA TX OK KS NE SD ND MT WY CO UT NV ID OR NM AR MO IA MN VA WV OH KY TN IN MI WI WA CT ME 60,000 50,000 40,000 30,000 20,000 10,000 0 BILLIONS OF 2009 U.S. DOLLARS China India U.S. Brazil Japan Russia Mexico Indonesia Germany U.K. JULY 2004 The United States resolves a long- standing semicon- ductor trade dispute with China after the United States files a complaint at the World Trade Organization. FEBRUARY 2002 Japan urges China to boost the value of the yuan. JANUARY 2002 Chinese yuan per U.S. dollar is 8.28. OCTOBER 2005 Treasury Secretary John Snow asks China for more currency flexibility. SEPTEMBER 2008 Big swings in China’s currency underline intense uncertainty over the yuan’s direction because of the global financial crisis. NOVEMBER 2009 The People’s Bank of China acknowledges the case for a stronger yuan, but Chinese lead- ership refuses to make the yuan more flexible. JANUARY 2011 Chinese President Hu Jintao says the international currency system dominated by the U.S. dollar is a “product of the past.” Fluctuations in Americans’ opinion of China as an adversary correlate with major Chinese monetary policy headlines. SOURCE: PRICEWATERHOUSECOOPERS SOURCE: CENTER ON BUDGET AND POLICY PRIORITIES SOURCE: PEW RESEARCH CENTER JULY 2008 China pegs the yuan at 6.83 against the dollar, protecting China’s economy from the global financial crisis. JULY 2005 China revalues the yuan by 2.1 % and revises the rules governing its currency system. JUNE 2010 China allows yuan to appreciate by 2%. Then current events Date of poll SPREAD AD

datapoints - Metals Service Center Institute · datapoints Forward’s report on industry numbers and statistics % of Po P ulation FRiend oR Foe? THe RiSe oF deVeLoPinG nATionS Based

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Page 1: datapoints - Metals Service Center Institute · datapoints Forward’s report on industry numbers and statistics % of Po P ulation FRiend oR Foe? THe RiSe oF deVeLoPinG nATionS Based

Forward’s report on industry numbers and statisticsdatapoints%

lat

ion

FRiend oR Foe?

THe RiSe oF deVeLoPinG nATionSBased on purchasing power parity (PPP), the economies of developing nations are expected to overcome those of developed nations by 2050.

China is not a problem

2009 GDP

Projected 2050 GDP

China is a serious problem/adversary

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

STATeS oF ConCeRn 48 of the 50 states faced budget deficits in fiscal year 2010.

less than $1 bn

$1 to $2 bn

More than $2 bn, less than $5 bn

$5 bn or greater

AverAge: $3,953,958,333

HINY

NJDe

MArI

gAALMS

LATX

NDMT

COUTNv

IDOr

NM Ar

vAWv

MIWI

Me60,000

50,000

40,000

30,000

20,000

10,000

Bil

lio

2009

U.S

. Do

China India U.S. Brazil Japan Russia Mexico Indonesia Germany U.K.

JuLy 2004 the united states resolves a long-standing semicon-ductor trade dispute with China after the united states files a complaint at the World trade organization.

FebRuARy 2002 Japan urges China to boost the value of the yuan.

JAnuARy 2002 Chinese yuan per u.s. dollar is 8.28.

oCTobeR 2005 treasury secretary John snow asks China for more cur-rency flexibility.

SePTembeR 2008 Big swings in China’s currency underline intense uncertainty over the yuan’s direction because of the global financial crisis.

noVembeR 2009 the People’s Bank of China acknowledges the case for a stronger yuan, but Chinese lead-ership refuses to make the yuan more flexible.

JAnuARy 2011 Chinese President Hu Jintao says the international cur-rency system dominated by the u.s. dollar is a “product of the past.”

fluctuations in americans’ opinion of China as an adversary correlate with major Chinese monetary policy headlines.

SoURCe: PRICeWateRhoUSeCooPeRS

SoURCe: CenteR on BUdGet and PolICy PRIoRItIeS

SoURCe: PeW ReSeaRCh CenteR

JuLy 2008 China pegs the yuan at 6.83 against the dollar, protecting China’s economy from the global financial crisis.

JuLy 2005 China revalues the yuan by 2.1 % and revises the rules governing its currency system.