You also have to factor-in inflation:
China: approx 1%
USA: ...............4%+
So with inflation factored-in
China : 4.3%
USA:.... -2.4%
China has low inflation because it has just come out of Covid lockdowns
and it is getting cheap oil & gas from Russia & Iran (thanks to US economic sanctions on both) + its building slump
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- Chinese economy grew 5.3% Q1 2014
You also have to factor-in inflation:China: approx 1%USA:...
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