Chinese Economics Thread

56860

56860

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Maikeru said:
Well I don't know about "boom" but grow substantially better than all but 2 other countries, Indonesia and a similar sounding one I won't name. So what happened to Sleepy Joe's prediction about USA growing faster than China for first time since 1976? Also I see Brexit still winning it for the UK...worse than anyone except Russia.

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US shrank in Q1, China boomed in Q1. There is no universe in which US will outgrow China this year.
 
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Overbom

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Maikeru said:
So what happened to Sleepy Joe's prediction about USA growing faster than China for first time since 1976?
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Sleepy Joe is busy trying to gaslight the Americans that the "economy" is doing great
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“I know that even with today’s good news, a lot of Americans remain anxious, and I understand the feeling,” the US president said. “But there’s every reason for the American people to feel confident that we’ll meet these challenges.”

But as of now, much of America does not seem to be buying the optimistic vision that Biden and his team are selling.
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Bellum_Romanum

Bellum_Romanum

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56860

56860

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Bellum_Romanum said:
Me thinks the people on Reddit are salty Jai Hinds, Peter Zeihan disciples, Gordon Chang minions which is why no amount of copious data that don't toe their China Collapsing world views are going to be persuaded.
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The salt mines that will open on that website the day China becomes the largest economy (by nominal GDP) will be a legendary sight to behold.
 
56860

56860

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Bob Smith said:
They will go straight to flexing their GDP per capita like they pivoted after China became the biggest economy in PPP terms.
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1) Denial - they're making it up! Everyone knows you can't trust China's numbers!
2) Anger - how dare those filthy, subhuman yellow rats surpass us! Do they unironically believe they have a right to a decent standard of living?
3) Bargaining - at least our GDP per capita is higher! < you are here
4) Depression
5) Acceptance
 
T

tygyg1111

Captain
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Maikeru said:
Well I don't know about "boom" but grow substantially better than all but 2 other countries, Indonesia and a similar sounding one I won't name. So what happened to Sleepy Joe's prediction about USA growing faster than China for first time since 1976? Also I see Brexit still winning it for the UK...worse than anyone except Russia.

OECD data here:
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To be fair to Sleepy he said "could grow faster than China", so he did make room for error
 
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