Why the heck is China not in the G8?

Question

I think it is stupid they are not. They have a better economy then us, and they are trying (apparently) to get their human rights violations under control. They are the most populous country in the world so they would therefore have a major impact upon environment decisions.

So, why would France and Great Britain consider it a "developing country" when it's economy is better then some of the current members of the G8?

Answer 1

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Answer 2

The G8 was never for the richest countries in the world, it is for the richest democracies. The Soviet Union wasn't in the G7 as it was called then. It was only when the USSR collapsed Russia was let in because it elected its leaders even though Russia had a smaller economy than the old USSR.

Only when China has free and fair multiparty elections will it be let in the G8 (or the G9 as it will become). China is already represented in the G8+5.

Answer 3

Well like the poster above me so eloquently pointed out,

they're Communist.. their facts say it all.

Answer 4

falphil, please get your facts straight first before voicing your opinions.

China's economy is the fourth largest in nominal terms, only behind US, Japan and Germany. If one uses purchasing power parity (PPP) to calculate the GDP, China is second only behind US.

But falphil did get one thing right. If one considers the GDP per capita, China is still way behind, near the bottom of the list.

But then he's wrong again. When one talks about an economy, its the GDP that matters. Luxembourg has higher GDP per capita than all G8 countries. Should we invite it in? GDP per capita matters when one discusses the living standard.

As for your question, there are lots of reasons. China is not a democracy. China is still a developing country in terms of living standard. And if u invite China in, what about India? Of course when u are in an exclusive club, it also becomes a status/prestige thing, U are naturally loath to open it up to any new comers, especially one that may not totally share your values. And then of course there is also the question of China's interest. China hasn't made up her mind if she wants to be associated with the Rich men's club, G8 as China likes to claim to be the champion of the developing countries. More seriously China is also not certain if she wants to be bound by the rules of the G8 club. So there is no push from China to join G8 and lots of resistance from current members to open the door, so it ends up with the status quo.  

Answer 5

Dunno; the US has ben trying to get them included under the Bush administration and Russia (a true third-world country) evicted but to no evail.  

Answer 6

The Gross National Product of Red China is 6th, behind USA ($10,533 billion), Japan ($4,852 billion), Germany ($2,242 billion), Britain ($1,544 billion), and France ($1,543 billion).  The reason it is considered a developing country, is because in the world economy, the per capita income of China ranks 99. If you think that this is better than the UK and France, I strongly suggest you immigrate to Red China and try living over there for a while.

So, while the aggregate of Red China's economy is huge, the central economic control model limits the ability of consumers determine their own economic destiny, which is typical of such models.

In other words, Red China is a communist hellhole.  But then, what would one expect of an economic model that has been 100% consistent when it comes to failure?

EDIT:

ww,

You ought to stick to your fantasy games, because it is pretty obvious you have no idea what you are talking about.  Do you even know the difference between GDP and GNP?

GDP: An attempt to measure the sum of incomes received by the various wealth creating sectors of the economy, such as manufacturing, agriculture, service industries.  The figures are 'gross' because GDP does not allow for the depreciation of physical capital - wear and tear on factory machines, office equipment becoming outdated etc.

GNP: When the value of income from abroad is included - what domestic companies earn abroad minus what foreign companies earn here and expatriate - then the GDP becomes the Gross National Product (GNP).  This is particularly important for economies with large traded sectors, which includes many developing countries.

So, for you to say, "When one talks about an economy, its the GDP that matters" is absolutely ludicrous.  And then you go and confuse the issue with an aggregated "purchasing power parity", which is determined by exchange rates, many of which are set ARBITRARILY.  

Furthermore, we don't really know what China's real GDP is because the communist government does not allow any international organization to examine the real figures, so the best we can say about Red China is that we think that we have a good estimate on its economic figures (read  Albert Keidel: he has shown evidence of biases by several organizations that show that the estimates of China's economy are too high).

Go back to school, kid.

Answer 7

Their economy is not better than ours...

Answer 8

It IS a developing country ... but it also has the largest population of any country in the world ... leaving China out of anything is just stupid .