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China is not out of the game yet. Chinese exports surge by 7%

https://www.cnbc.com/2024/06/07/china-trade-data-may-2024-exports-imports.html

That's 1% higher than expectations.

The economy of China grew 5.2% in 2023.

It is expected to grow 4.6% in 2024.

4.5% in 2025.

3% in 2026.

3.58% in 2027.

3.38% in 2028.

3.31% in 2029.

3.5% in 2030.

Putting in all those numbers we get:

A total GDP of 22.88 trillion USD by the end of 2030. Far lower than the US is today.

In conclusion:

China will never catch up to the US.

China is going to get stuck at a Chile tier quality of life economy.

USA number 1!

:marseysaluteusa:

9
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China's GDP grows "more than expected" every year

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Still going down though.

:parrotunitedstatesofamerica:

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:surejan:

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