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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!
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Today is a momentous day as we unveil the Sir Winston Churchill statue on the McDougall grounds.
— Danielle Smith (@ABDanielleSmith) June 6, 2024
This monument is an homage to leadership, resilience, and the indomitable spirit of Winston Churchill; may it inspire future generations to come. pic.twitter.com/dBFNXWfKqJ
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Rishi knows he's going to lose, is just sucking up to his future bosses.
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This would frick over Trudeau if it drags out for a while.
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Doc Hudson has passed away.
— doc hudson (@dochudson_) June 4, 2024
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China is the largest trade partner of :
1. Russia
2. India
3. ASEAN
4. Brazil
5. Saudi Arabia
6. Kazakhstan
7. Australia
Beyond North America, Europe, and Africa, China is in the lead in terms of trade with the major nations in the other regions of the world.
In Africa too, China is making swift progress in becoming the largest trade partner of South Africa, which would limit the US trade dominance to North America and Europe.
North America and the EU taken together represent 45.4% of the world's GDP and a declining share over time.
Meanwhile the share of the rest of the world is continually rising and ever increasing in its trade with China.
China is the largest trade partner of the world today. Which pretty much guarantees that it will continue to grow its economy no matter what else happens in the world tomorrow. Population loss will not be enough to stop China from growing in GDP faster than the US.
China is the new future leader of the global world order, there is no way around it.
It has a higher population than the US.
It has a higher total trade with the world than the US.
It has more connections with fresh blood than the US.
It's people are more united than the US.
China is only 6-16 years behind other developed nation states in terms of cutting edge technology.
China has defeated the US as the US is only focused on sustaining itself meanwhile China is focused on maximum possible growth at all times.
In conclusion, the west is limited to North America and Europe. They will never expand beyond these two territories. They do not have a large enough population to run the world or compete against East Asians in the long run.
The East Asians sacrificed everything and won.
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