21-08-2023, 11:36 AM
(21-08-2023, 11:17 AM)Tee tiong huat Wrote: China had a very strong vibrant economy.
Angmo is ass-ing like Russia... .
1.what you mean by strong economy?
2 An economy is either growing or not ..we use rate of growth to measure.
3. Based in current troubles China growth will slow and cannot catch up with the US.
GDP is not just manufacturing ...it include services. US does not manufacture as much, but the service sector is massive and its consumer is strong. This means China growth will slow to below US and never surpass US.
Because Xi govt relationship with US and Europe is poor these high consumption countries will import from elsewhere like Mexico, Vietnam, and India. This will slow down China economy further as it depends on exports and external demand.
Western think tanks know China depends on west for export demand and just by importing from elsewhere they can keep China economy down.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.