55
Chinese GDP will be more than double that of the US in under a decade, if recent growth rates persist.
(www.worldeconomics.com)
this post was submitted on 04 Apr 2024
55 points (88.7% liked)
World News
2231 readers
220 users here now
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Can recent growth rates persist? China's GDP has been running hot for decades now. Seems like they need to level off at some point.
Geopolitical Economy Report did two long video discussions on China's growth last month which are worth watching if you're interested.
In short, yes. China can keep up about a 5% average annual growth rate. Because capital is controlled by the state, and the state invests in developing the means of production and improving people's quality of life, China is indeed capable of achieving their development goals.
Interestingly enough, just as the decade or so of near ten percent annual growth was planned and achieved, the recent deceleration to about five percent growth was also planned.
Interesting, which videos are these?
I'm not the commenter you replied to but it's most likely this one and this one.
I found YouTube links in your comment. Here are links to the same videos on alternative frontends that protect your privacy:
Link 1:
Link 2: