In updated IMF GDP projections, Chinas 2023 GDP to fall to $17.7T

[F-22Raptor]

 

[F-22Raptor]

Latest IMF 2028 GDP projections

US- $32.6T
China- $23.6T

I believe the IMF is underselling US growth. US GDP will exceed $32.6T two years prior.

 

[ZeEa5KPul]

China's economy is $33 trillion, clown.

 

[F-22Raptor]

China's economy is $33 trillion, clown.

PPP, which absolutely no one uses to measure relative national power. PPP is only useful when measuring individual standard of living. Real money is real power, not how much you pay for a loaf of bread at the grocery store.

 

[beijingwalker]

Real power

“In purchasing power parity, they spend about one dollar to our 20 dollars to get to the same capability.”

China Acquiring New Weapons Five Times Faster Than U.S. Warns Top Official​

Air Force’s acquisition chief is the latest to warn that the Pentagon is being left behind by the pace of China's defense developments.

China Acquiring New Weapons Five Times Faster Than U.S. Warns Top Official

Air Force’s acquisition chief is the latest to warn that the Pentagon is being left behind by the pace of China's defense developments.

www.thedrive.com

Real Sector GDP VS Total GDP​

US vs. China: Measuring Real Economic Power​

Published: Monday, December 6, 2021

Gross Domestic Product (GDP) is a basic measure of the overall size of a country's economy and is often used to compare different countries' economic power. But what exactly is compared when someone says that the GDP of country A is larger than the GDP of country B?

The System of National Accounts (SNA) of the United Nations defines GDP as a monetary value of final goods and services — that is, what end users actually purchase — produced in a country, along with some non-market "production" such as defense or education services provided by governments, during a specific period of time (say a quarter or a year).

As the UN definition of GDP implies, the whole economy can be divided into two major sectors: the so-called real sector, which includes production of goods and real assets, and the services sector, which includes production of services, everything from banking to education to healthcare.

This dashboard uses U.N. data to analyze the economic powers of countries measured solely by the ability of the economy to produce goods and real assets like infrastructure, dwellings and nonresidential buildings, and machinery and equipment. We estimate GDP produced in the real sector of an economy as a sum of value added in four broad economic activity groups: Agriculture, Industry, Construction, and Transportation and Communications.

Why the focus on the real sector? The strength of the real sector reflects two of the basic characteristics of an economy that determine its ability to successfully compete in a world of rising tensions between major powers: self-sufficiency and military power. The third basic economic factor affecting a country's competitiveness — the availability of resources — is not considered here.

• Using real sector GDP in cross-country comparison of economic power significantly changes the view of the global economic landscape. The U.S. economy, which is the world's largest economy when measured by total GDP at current US dollars, is more than $500 billion smaller than China's when measured by real sector GDP.
• In 2019*, the ten largest economies in terms of real sector GDP included Russia, Korea and Indonesia. In the ranking by total GDP, these countries are lower down the list, and Italy, Brazil, and Canada round out the top ten.

Note: 2019 is currently the latest available year in the U.N. National Accounts Main Aggregates Database

Fake number

Record share of Americans say they are worse off financially than one year earlier: survey

A record share of Americans in a new survey from the Federal Reserve Board say they’re worse off financially than they were a year earlier. According to the “Economic Well-Being of U.S. Households”…

thehill.com

 

[S10]

A Chinese steel mill producing $100 worth of steel and Americunt OnlyFans hoe exposes her tits for $100 bucks are both generating the same amount of economic activity on paper.

One is more useful than the other.

 

[beijingwalker]

China now is the world biggest trading nation, export nation, trade surplus nation, industrial nation, agricultural nation, manufacturing nation, shipping nation, mining nation, foreign reserves nation... and US?

 

[S10]

China now is the world biggest trading nation, export nation, trade surplus nation, industrial nation, agricultural nation, manufacturing nation, shipping nation, mining nation, foreign reserves nation... and US?

China already surpassed US in terms of real GDP in 2016. Their nominal just appear higher because Americunts inflate the value of their OnlyFans hoes and financial hoes (Wall Street).

 

[beijingwalker]

18% of US GDP comes from health care spending, this is how true US GDP is.
By the way, this much GDP spending doesn't bring a good result. Average life expectancy of US is lower than China's now.

 

[DabbuSardar]

China now is the world biggest trading nation, export nation, trade surplus nation, industrial nation, agricultural nation, manufacturing nation, shipping nation, mining nation, foreign reserves nation... and US?

And everyone wanted China to remain just that, a manufacturing hub serving the wests insatiable goods demand.

We make the innovations and license Chinese to bulk produce goods on our license because they had that cheap labor pool.

For a good 30 years that worked driving down the western consumers prices, now that China is old and slow its time to find someone else.

Walmart and apple will find new factories that work cheaper benefitting their customers, first came Germany, then japan, then korea, then china, soon there shall br more.

 

[F-22Raptor]

China now is the world biggest trading nation, export nation, trade surplus nation, industrial nation, agricultural nation, manufacturing nation, shipping nation, mining nation, foreign reserves nation... and US?

Largest most scientifically and technologically advanced economy in human history. PPP GDP per capita over $80K with highest disposable incomes in the world. Dominate militarily, dominate in space, dominate culturally. Greatest universities and companies in the world. Greatest minds and innovators in the world.

 

[beijingwalker]

The video meticulously explained how US so called growth is actually from financial speculation and inflation

 

[大汉奸柳传志]

purchasing power is what we use here

 

[beijingwalker]

Largest most scientifically and technologically advanced economy in human history. PPP GDP per capita over $80K with highest disposable incomes in the world. Dominate militarily, dominate in space, dominate culturally. Greatest universities and companies in the world. Greatest minds and innovators in the world.

A country's overall strength is measured by big factors like industries, trade, manufacturing and export, not by small things like how many highways , high speed railways, parks or staduims, you must be so desparate to bring up every small item you can find.

And everyone wanted China to remain just that, a manufacturing hub serving the wests insatiable goods demand.

Lol, how about you India? who role do you play in this world?

 

[GreatHanWarrior]

And everyone wanted China to remain just that, a manufacturing hub serving the wests insatiable goods demand.

We make the innovations and license Chinese to bulk produce goods on our license because they had that cheap labor pool.

For a good 30 years that worked driving down the western consumers prices, now that China is old and slow its time to find someone else.

Walmart and apple will find new factories that work cheaper benefitting their customers, first came Germany, then japan, then korea, then china, soon there shall br more.