US Growth Seen Outpacing China’s for First Time Since 1976

[ckf]

2% this year for China, that's what you Yankees dream and wish for. Like your economy grew at negative rate in the first quarter and you think your economy can outpace China's, joke !

People don't understand GDP in real terms, America is still under illusion that printing money + tariffs on imports can accelerate domestic growth. Hard truth is China has bankrolled US economic prosperity. By adding tariffs on chinese goods, US is cutting off the hands that feed its growth. This summer, I have heard #s as high as 100k from Amazon layoffs in discussion. So we live in interesting times.

https://www.morningbrew.com/daily/stories/Walmart-amazon-reported-overstaffed-Q1

 

[etylo]

People don't understand GDP in real terms, America is still under illusion that printing money + tariffs on imports can accelerate domestic growth. Hard truth is China has bankrolled US economic prosperity. By adding tariffs on chinese goods, US is cutting off the hands that feed its growth. This summer, I have heard #s as high as 100k from Amazon layoffs in discussion. So we live in interesting times.

https://www.morningbrew.com/daily/stories/Walmart-amazon-reported-overstaffed-Q1

America prints money and the rest of the world pays the bill, that's what the world has been and Yankees hope it will last forever as the dollar is used by nearly every country in the world.

 

[Beast]

US into recession and China attained 6.5% growth. That means China may overtake USA as biggest economy in 2024...

 

[StraightEdge]

US into recession and China attained 6.5% growth. That means China may overtake USA as biggest economy in 2024...

I don't think I have ever seen any analyst predicting 6.5% growth for China in 2022, mostly it was between 4-5.5% growth. Even your govt itself targeted 5.5%. What is the source of this 6.5% growth figure?

 

[Beast]

I don't think I have ever seen any analyst predicting 6.5% growth for China in 2022, mostly it was between 4-5.5% growth. Even your govt itself targeted 5.5%. What is the source of this 6.5% growth figure?

China predicted 2021 growth is 6.5% and end up is 8.1% growth. Our prediction are modest...

 

[chinasun]

China's economy will grow by 5.0% in 2022. China will be 5.2% in 2023.China's inflation rate is expected to be less than 4% in 2022.

 

[lightning F57]

If China opens up like US, the growth rate could be 8.2% due to the prolonged pent up demand, China should really give it a thought.

It make sense if there are large scale economic agreements with China and other countries which has started to shift the world to a new reserve currency. We are not there yet so China needs to protect its markets to outside shocks.