Skip to comments.A collection of links for the economic growth of China and the economic growth of the United States
Posted on 01/25/2019 8:55:09 PM PST by vannrox
After reading how the Chinese economy is "tanking" because they "only" had a 6.6% economic growth rate, and how the US economy is "exploding" because of 2.7% economic growth, I thought it might be illustrative to collect various links on this subject.
You come to your own conclusions.
Chinese 6.6% economic growth is a terrible slowdown. USA's 2.7% economic growth is wonderful and astounding.
Well, “official” China numbers aren’t worth squat.
More importantly an economy that borrows money based on a 10% growth and only makes 6 is obviously in trouble.
But thanks for the work.
But thanks for the work.
Any “official” stat from the Chinese must be cut down by at least half. The Chi-coms are notorious liars, when it comes to these sort of revelations.
“Well, official China numbers arent worth squat.”
I don’t know. The cities and infrastructure they built in the past 30 years is nothing to sneeze at. 30 years ago, the country looked like Bangladesh, today half the country looks like Zurich (i.e., much better than any American city).
Having said that, they do have problems - starting with pollution (much of it due to us exporting our industrial base to them, by the way), and obviously they’re not free to elect leaders who hate their own country.
The stole trillions in intellectual property rights to do it.
They relied heavily on the World Bank to get their industrial, banking, and finantial structures sort of right.
It has been a brilliant rise, using the tools of Western Civilization.
Well put - they played us like a fiddle. I remember even when I was young, I noticed how Chinese (and East Asians in general) did really, really, well when outside of Red China. Whether that was as a minority in the US, or majorities in Singapore, Japan, Hong Kong, etc.
And then I wondered what the would be like if the 1 Billion or so people in China were ever cut loose and allowed to use their full potential economically.
Now we are just learning, but even as we see on this thread, there are people who still think that China is a backward, Third World, country. Yes, parts still are, but the part that is First World is now larger than the US, and maybe larger than the US and Europe combined.
Yes. I thought the rise of Chairman Mao was a gift to the United States.
Now I learn that our leaders have been complicit in giving China trillions of dollars of aid to make them competitive with us.
All on the stupid premise that our giving will somehow make them democratic and free market.
The Chinese leadership has other ideas.
They don't believe in democracy or the free market.
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