According to the US CIA and IMF (2024), the largest economy using the real GDP is China. China's real GDP is over 30% larger than the US' real GDP. This year, China is expected to contribute to over 30% of the global GDP growth when the US is expected to contribute less than 16%.
China is well over 5000 years old and has over 1.4 billion people whereas usa is less than 248 years old with 400 million people. And they are comparing themselves from behind as number 2?!….. when infact they should have been number 1 long ago. But lets keep your chest puffed and how proud we are…..
Mismanaged economy. Alot of investors had given up with China and pulled their money out (and losses). Then at the very last minute the government decides to do something to improve the situation. Thus a little late to the rescue and it kind of shows how top down the country is managed and how hard it can be to implement changes that need to be implemented. IMHO alot more needs to be done to improve the situation. I suspect this boost will be short lived. So many of us had high hopes for China's economy and its let down by an autocratic government.
