A collection of links for the economic growth of China and the economic growth of the United States

Various ^ | 26JAN19 | Editorial Staff

[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.

CHINA

China’s 2018 economic growth sinks to 3-decade low
China's economy grew 6.6% in 2018, the lowest pace in 28 years

USA

U.S. economy to grow 2.7 percent in 2018, boosted by Trump tax overhaul
US economy grew modestly to start 2018
United States GDP Growth Rate | 2019
US Economic Outlook for 2019 and Beyond
US economic growth revised down to 2.2% rate
Fourth quarter GDP: US economic growth slows

[vannrox]

Ah. It is like comparing apples to oranges.

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.

[mrsmith]

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.

[mrsmith]

But thanks for the work.

[mrsmith]

But thanks for the work.

[JME_FAN]

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.

[BobL]

“Well, “official” China numbers aren’t 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.

[marktwain]

Yes, they looked at what worked, and copied the American model as much as possible, while maintaining political control.

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.

[BobL]

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.

[marktwain]

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.

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.