China's Rise and the Limitations of GDP as a Measure of Power on Nostr: China's Rise and the Limitations of GDP as a Measure of Power =============== ...
China's Rise and the Limitations of GDP as a Measure of Power
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#3b1d8a58 ver:0.22
China's economy is not falling behind the US, says Nicholas Lardy. Despite concerns, China's real GDP was 20% higher in 2023 compared to 2019, while the US's was only 8% higher. The decline in China's GDP in US dollars is temporary. China's nominal GDP is expected to surpass the US in a decade. However, GDP alone is not an effective measure of power, warns Charlie Bradbury. It doesn't account for factors like an ageing population and environmental degradation. A more comprehensive approach is needed for strategic analysis. #ChinaEconomy #GDP #PowerMeasurement...
#newstr #China #Gdp #EconomicGrowth #RelativePower #Us
https://here.news/story/3b1d8a58?ver=0.22
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#3b1d8a58 ver:0.22
China's economy is not falling behind the US, says Nicholas Lardy. Despite concerns, China's real GDP was 20% higher in 2023 compared to 2019, while the US's was only 8% higher. The decline in China's GDP in US dollars is temporary. China's nominal GDP is expected to surpass the US in a decade. However, GDP alone is not an effective measure of power, warns Charlie Bradbury. It doesn't account for factors like an ageing population and environmental degradation. A more comprehensive approach is needed for strategic analysis. #ChinaEconomy #GDP #PowerMeasurement...
#newstr #China #Gdp #EconomicGrowth #RelativePower #Us
https://here.news/story/3b1d8a58?ver=0.22