CIA Mole
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china has half gdp but 2x money supplyCheer for your masters again? I always mention that no one can best US in money printing.
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china has half gdp but 2x money supplyCheer for your masters again? I always mention that no one can best US in money printing.
Dollars or Yuanchina has half gdp but 2x money supply
Your American parents need China.
Even if China grew to 130 trillion yuan, due to currency exchange rate, that’s still only $18.1T.In 2023, China's GDP is projected to be $19.12 trillion. U.S. GDP is projected to be $25.88 trillion.
The current CNY rate has appreciated to 7.17.
US money is only on paper, while couldn't even provide funds to fix its ever dilapidated infra, you guys pay rip off price for everything, this is real US.Even if China grew to 130 trillion yuan, due to currency exchange rate, that’s still only $18.1T.
The IMF projected in April that US GDP will grow to $26.9T, but since US growth is exceeding expectations US GDP may grow to near $27.5T.
But there was no big inflation in recent 10 years in China. It proves the market needs more money. Or in another word more fortune has been created
You think 7.17 is a normal rate? The Fed is about to stop raising interest rates and the exchange rate will soon return to normal. With US treasury numbers that crazy, the Fed can't maintain high rates and a strong dollar for long.Even if China grew to 130 trillion yuan, due to currency exchange rate, that’s still only $18.1T.
The IMF projected in April that US GDP will grow to $26.9T, but since US growth is exceeding expectations US GDP may grow to near $27.5T.
If what you say is true, then we should be in inflation right now, not deflation.china has half gdp but 2x money supply
Some would argue the chinese GDP is only on paper too.US money is only on paper, while couldn't even provide funds to fix its ever dilapidated infra, you guys pay rip off price for everything, this is real US.
Lower base? Mate, we were still groqing at 3% annually even during the worst of covid. Did you forget about how we grew 10%+ in 2021 when you guys were burning? For gods sake, only Shanghai was under 2.5 months of lockdown, not the whole country.6.3% is a huge underperformance considering Chinas Covid lockdown base effect from Q2 last year. In reality, China is growing sub 3%.
For the Indians and Americans in this thread, let's be clear about what "q/q" and "y/y" mean.
"q/q" is a comparison with the growth rate of the previous quarter.
"y/y" is a comparison to the second quarter of last year.
China grew 6.3% in the second quarter.
That's the real GDP growth rate.
I doubt it will happen anytime soonYou think 7.17 is a normal rate? The Fed is about to stop raising interest rates and the exchange rate will soon return to normal. With US treasury numbers that crazy, the Fed can't maintain high rates and a strong dollar for long.
Yup, I'm sure of a double digit nominal growth.you must give time for Indian's celebration before you burst their bubble!!
The IMF projected in April that US GDP will grow to $26.9T, but since US growth is exceeding expectations US GDP may grow to near $27.5T.
Dollars or Yuan
But there was no big inflation in recent 10 years in China. It proves the market needs more money. Or in another word more fortune has been created
You think 7.17 is a normal rate? The Fed is about to stop raising interest rates and the exchange rate will soon return to normal. With US treasury numbers that crazy, the Fed can't maintain high rates and a strong dollar for long.
If what you say is true, then we should be in inflation right now, not deflation.
In fact, you should carefully analyze China's M2 calculation method, which is actually M3 for western countries.
Economic rise leads to real estate price rise. This is not inflation. China's GDP doubled in recent 10 years.lol ur housing prices isnt inflation? commie govt isnt expensive?
where do you think all ur money went?
Economic rise leads to real estate price rise. This is not inflation. China's GDP doubled in recent 10 years.