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US GDP: $20 trillion (6% of that is $1.2 trillion)
China GDP: $14 trillion (8% of that is $1.12 trillion)
Difference: $0.08 trillion
Growth rates are exponential, speeds are linear
American Economics Thread
- Thread starter Bernard
- Start date
China GDP: $14 trillion (8% of that is $1.12 trillion)
Difference: $0.08 trillion
Growth rates are exponential, speeds are linear
He must be talking about how US growth is from technically more than China on absolute numbers as the US has a bigger economy. Dont know if he is right as I am too lazy to calculate it.
What I know though, is that all this is meaningless. What is important is how much debt the US took in order to grow so much.
If the US used more debt-to-gdp to grow per unit of gdp than China, then thats definetely not good for the US
AFAIK US growth is entirely fuelled by unsustainable debt
And exponential will add more over time then linear will.US GDP: $20 trillion (6% of that is $1.2 trillion)
China GDP: $14 trillion (8% of that is $1.12 trillion)
Difference: $0.08 trillion
Growth rates are exponential, speeds are linear
I'm to lazy to calculate the exact intersection point but it you can probably plot it easily on a piece of graph paper with current growth numbers. Because the slope of 8% growth is steeper then the slope of 6% growth.
We all know that probably by next year the US isn't going to keep growing at 6% but rather 2~3%, i'm sure China will continue to grow 5~7% the next decade. That is almost twice as steep of a slope.
Hi, do you have any info about how much debt increased for each country?US GDP: $20 trillion (6% of that is $1.2 trillion)
China GDP: $14 trillion (8% of that is $1.12 trillion)
Difference: $0.08 trillion
Growth rates are exponential, speeds are linear
IMO that would be much more informative. To see how much debt was utilised for gdp growth.
US:
$1 debt -> $x GDP growth
China(Yuan to dollar):
$1 debt -> $x GDP growth
manqiangrexue
Brigadier
Actually, no. Reading comprehension fail. I said, all added up, China's economy is growing faster. Simply focusing on one facet, America's last facet, reliant on government handouts and money-printing, while China has many drivers of real growth, doesn't show the big picture, which GDP does.
Vaccines, especially Western vaccines, have a poor track record against Delta. Both American cases and deaths are on the rise again causing another wave. This statement shows how ignorant and biased you are.
China moves faster in safe mode during shut downs than the US does even with total disregard to people's lives. Read the charts: America was growing at a slower rate than China before the pandemic (~2.4% vs ~6%), took a bigger dive from COVID's initial strike than China (-9.1% vs -6.8%), stayed in recession for longer (3 quarters to 1 quarter, and that's being nice to the US because China went right in and right out in that 1 quarter while the US had 2 more quarters on top of its 3 recession quarters before and after its recession that recorded 0.5-0.6% "growth" which is basically a flatline), then recovered more sluggishly than China (12.2% peak from a -9.1% low vs 18.3% peak from a -6.8% low). You could not rebut these charts last time and you cannot rebut them this time either. This is the big picture and there is no micro-data that you can show that would overturn this.
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D
Deleted member 15949
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Not sure, but you could check IIF data
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Deleted member 15949
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US debt isn't unsustainable.. The Fed can simply keep printing and there is no inflation or financial stability risk
D
Deleted member 15949
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"Desperate" while the 10-year yield is at 1.2%. Sure, okay
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Deleted member 15949
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China isn't going to be growing at 7% in the next decade at RGDP terms. Using NGDP, intersection is sometime in the early 2030s
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