China's Rise and the Limitations of GDP as a Measure of Power on Nostr: Will China ever overtake the US economy? =============== #3b1d8a58 ver:0.4 China's ...
Will China ever overtake the US economy?
===============
#3b1d8a58 ver:0.4
China's ambition to overtake the US economy faces setbacks from COVID-19, real estate crisis, and an aging population. Predictions of when China would surpass the US have been made since the 2008 crisis. While some believe China's economy will soon overtake the US if stability is maintained, others express concerns about debt, centralization, and low consumption. China's economy already surpassed the US in 2016 in purchasing power parity. China's Q2 growth likely slowed to 5.1% due to property downturn and job insecurity. Rising trade tensions pose a threat. #ChinaEconomy #USChina #EconomicGrowth...
#newstr #China #Us #Economy #EconomicGrowth #Stimulus #Q2Slowdown
https://here.news/story/3b1d8a58?ver=0.4
===============
#3b1d8a58 ver:0.4
China's ambition to overtake the US economy faces setbacks from COVID-19, real estate crisis, and an aging population. Predictions of when China would surpass the US have been made since the 2008 crisis. While some believe China's economy will soon overtake the US if stability is maintained, others express concerns about debt, centralization, and low consumption. China's economy already surpassed the US in 2016 in purchasing power parity. China's Q2 growth likely slowed to 5.1% due to property downturn and job insecurity. Rising trade tensions pose a threat. #ChinaEconomy #USChina #EconomicGrowth...
#newstr #China #Us #Economy #EconomicGrowth #Stimulus #Q2Slowdown
https://here.news/story/3b1d8a58?ver=0.4