That's why western and US business men love China, they put all their businesses inside China, that's why western and US product are now made in CCP China, the CCP now owns their businesses even the children of this business men are now made in china, that's why CCP is now the riches people of the world.
Minimum wage in Shanghai China is $370 a month. In California is $2773 per month ($16 per hour) = 7.5 times more than China. So, the meal is still cheaper in California than China.
We Chinese don't care or aim to surpass anyone. Neither to be a global super power. We care and aim for peace in our country, aim to develop further, aim to improve the lives of our people, aim to have a better and secure future for our next generations, aim to build a strong defense to protect our people and nation from bullies.
Aim for peace? In South China Sea, China use water cannons to blast at Filipino boats and also use lasers beams to blind the Filipino fishermen. She also rammed these Filipino fishing boats with their harden vessels. In the air she flies her planes close to the Australians , US planes and also release chaffs to clot their engines. Very dangerous and provocative actions. You call this a peaceful nation? Little pinks you are.
China has long since surpassed the U.S. when comparing their Purchasing Power Parity (PPP) numbers. Moreover, it is not difficult to understand how; Chinese political leadership views the world from a down to Earth pragmatic perspective, as distinct from their U.S. political counterparts, most of whom view the world from a God given born to rule perspective, a world view that over time has given rise to their hegemonic aspiration of global economic and military dominance. Such a theocratic like U.S. aspiration represents a fundamentally flawed form of governance that was thereby doomed to fail eventually; if for no other reason than that of an emerging Chinese productive force and economic growth having developed and become resilient enough to resist any and all U.S. efforts to weaken, let alone dominate the PRC.
China already surpassed the US in 2014 according to the IMF on PPP calculation. China is far bigger than the US now on a PPP basis. Russia is the third largest economy according to the World Bank, now surpassing Japan.
US GDP is based on non- productive income. It has the largest credit debtors in the world. It production capacity of goods is on par with India. Its real export income is much lower than Russia. Its infrastructure is marginally better than India. So, i really don't understand how it can be number one economy in the world. Self grandiose is not working anymore. Pls stop referring to US as the largest economy and say what it is THE LARGEST DEBTOR IN THE WORLD.
Exorbitant health care cost, exorbitant rents.. Service economy keep expanding. This is why there are so many poor people in so called rich countries with high gdp
For one, I've never trusted the US figures on the US nominal GDP. The US nominal GDP are supported by the US manipulated financial system that involes the stock market, the banks and the MIC. In manufacturing which is the real economy, China's manufacturing is even larger than the US, the EU, Japan and South Korea combined. In PPP term which is more accurate to gauge a country real GDP, China have overtaken the US since 2014. With the inevitable collapse of the US financial system, the true nominal GDP of the US will be exposed.
GDP Is the Wrong Tool for Measuring What Matters It’s time to replace gross domestic product with real metrics of well-being and sustainability Scientific American
China is smart enough not to increase their Yuan. It manufacturing still cheaper than any other countries can achieve. 2nd is their can do mass production as internally is bigger population. 3rd Chinese is good at safe money. They don't spend future money(credit card). US Congress meeting said China got 4 bank is too big to sanctions. 😂
China GDP grew 5.2% in 2023 despite having to deal with Corvid and the collapse of her property sector. Fact is China growth in 2023 is twice that of the US whatmore the EU, South Korea and Japan. China also faced numerous sanctions from the US. I believe that China's growth will be more impressive in the future or at the very least better than the collective West. China is still a developing country and still has some way to go before she becomes a developed country.
@@peterlim1972 I believe China will see 5-6% growth for many years to come. This will blow the G7 right out of the water. So, yes, China will become fully developed within the next few decades. China's economy is so large and mature that 7% growth or higher is extremely unlikely.
@@kenbehrens5778 2021 was an anomalous year because of the pandemic. Many economies experienced a boost because of special supply chain needs over health care. The fact is that China's economy is maturing. It has grown so large that large GDP growth is practically impossible. For example, the USA will NEVER again have 7% GDP growth - it's struggling to reach 3% as it is.
I'm going to wait until China starts releasing mass produced robots in 2025 and increase industrial automation before I'd say Chinese economic growth has peaked. We will see.
China's purchased power parity( PPP) GDP is 35 trillion US dollars rank first in the world and already surpassed the USA (PPP) GDP by far of the number💪💪💪💪💪💪
@@Orion-mi4eu but GDP per capita is how it works. That's why the United States is still the largest economy in the world. But China challenged that which is like the worst thing they could have ever done. So now we're headed down the dark radioactive road of Thucydide's trap ☢️
American GDP in US$ may look larger than other countries, but that is not the only measure by which a country"s prosperity, social advancement, infrastructure development, educational standards and many other parameters can be made. There are many other countries far better socially advanced than US.
When I look at the title of this video, I laughed. Why? Because the Indians/India said in year 1998 that they will be superpower by 2020 (Meme: India superpower by 2020) and they are the "leader/voice" of the Global South Countries and the GLOBAL teacher of the entire world (Vishvaguru) and this 21st century will be India's century and also the world's fastest growing economy (Modi said that)? Both US and China should be thinking of surpassing India first.
The measure of an economy is a nation’s ability to produce goods and services. Today, with its huge, well educated, and industrious populace; a competent government; and inarguably the most extensive and modern infrastructure in place, China’s economic momentum is unmatched elsewhere on the planet. “China collapse” or “China has peaked” are just evil wishes driven a convoluted feeling of fear and jealousy. But sorry, that is not going to happen! On the other hand, the US economy is grossly inflated - artificially propped up by debts and consumption. The overvalued dollar is underpinned by its“fiat value” which is not supported by tangible assets such foreign exchange reserves or gold. In sum, the US economy is now an overinflated balloon - waiting to explode.
Being the largest economy is no big deal. Being the economy that contribute well to the progress, peace and security of mankind is much more important, respectable and honorable.
The only reason the USA has the largest economy by GDP is that it can borrow and print money at will. Not only has it a vast 34 trillion national debt but almost all states and local governments are deeply in debt and a large portion of the population has massive credit card debt and car loans and mortgages. If I had a credit card, use it at will and never worry about paying whatever I charged on it, and if my bank would just write in new figures on my bank account whenever the balance went down, then I could live the most lavish life style in my city and be consider the richest man in town, but that can only last in a fairy tale world. All this debt could send USA crashing down to a 3rd world country.
I guess you keep forgetting that we will not coexist in a world where we are not the dominant power. If we are not dominant power you already know what's going to happen.
The math doesn't add up... According to the IMF, America's nominal GDP in 2024 will be 1.55X larger than China's. According to the IMF, America's GDP growth in 2025 will be 1.9%. If we assume America grows at 2% and China grows at 5% for the next 11 years (to 2035), we have the following results... America: 1.02^11 * 1.55 = 1.93 China: 1.05^11 = 1.71 China cannot overtake America in 11 years. However, it's possible in 16 years... America: 1.02^16 * 1.55 = 2.13 China: 1.05^16 = 2.18
US feds can print dollars...of course US will be No. 1, as itsnot backed by gold . Lets pray that allAmericans will be milionaire, with the price of simple breakfast beng Usd250,000...or 6 yuan. Or 2 Euro. Or Sgd3....
