U.S. dooms itself to defeat in peaceful competition with China
There are measures that would increase U.S. economic growth rates and competivity, but the U.S. is unwilling or unable to take them.
There are measures that would increase U.S. economic growth rates and competivity, but the U.S. is unwilling or unable to take them.
Despite the fact that China’s economy continues to far outgrow all major Western economies the Western media is energetically promoting a myth of “peak China”.
The reason why some media outlets were keen to declare China’s target growth rate as unrealistically high is because achieving it will destroy the remnants of their claims of “peak China” – the idea that China’s economy has ceased to far outgrow economies in the West.
China’s economy, as it heads into 2024, has far outgrown all other major comparable economies. This reality is in total contradiction to claims in the U.S. media.
China’s GDP figure for 2023 shows that it continues to be growing above its strategic target for 2035 – at a rate far exceeding the U.S.. All the claims of “strength” in the U.S. economy and “crisis” in China are the purest hot air.
China is far outperforming the U.S., but U.S. economic growth, an annual average 2.0% a year, is the only one out of the G7 which cannot be described as disastrous.
Copyright © 2024 | WordPress Theme by MH Themes