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TillLindemann

14,681 Posts.

451

09/08/22

11:54

Post #: 63006572
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Originally posted by moorookamick: ↑

IMO you are confusing China's peaking in annual GDP growth at about
4.4% P/A vs its GDP having peaked at the current $19 Trillion (approx)

Here's the US forecast of GDP by the same forecaster:

So, in summary, by these projections, China will pass out the USA in GDP (Nominal) by 2030
given that it has already passed out the USA in GDP (PPP) in 2015.

IMO GDP (PPP) is a better GDP comparative yardstick than GDP(Nominal -USD) bcause
it accounts for the respective countries domestic differences with respect to labour/costs of production etc etc.

So here you have it...eh?
Where's your evidence?

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These are projections, based on the expectation that past growth would continue. All such projections are grounded in a pre-covid, pre-war, pre-Xi losing his mind, world-view. But facts change, eh? On any reasonable metric (other than official Beijing statistics) be it industrial activity, construction, traffic, tourism, electricity consumption, China is likely currently in recession. Given its dire demographic situation, its housing implosion, global geopolitics, and manufacturing moving back out of China en masse, there is no clear way back to growth for China... eh?
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