Comments by "Jack Smith" (@jacksmith-mu3ee) on "CCP Runs Out of Money, Starts Rampant Looting; 400 Six-Year-Olds Investigated as Underworld Figures" video.

  1. Myth : China’s Economic Size Won’t Surpass the United States’ Many economic institutions continue to maintain that China’s GDP will surpass that of the United States by 2035. But some analysts are venturing to suggest that China will never exceed the United States in total economic volume, pointing to the fact that the gap between China’s GDP and that of the U.S. widened in the past two years. Such viewpoints fail to align with the prevailing long-term economic headwinds. In 2023 China saw a GDP growth rate of 5.2 percent, while the U.S. lagged behind at just 2.5 percent. The widening gap between the two nations’ GDPs can be attributed to several factors but primarily the depreciation of China’s renminbi against the U.S. dollar. A closer examination of the core GDP components reveals striking differentials between China and the United States. Surprisingly, China’s real economy significantly outpaces that of the U.S. across a variety of sectors: China’s grain output, reaching 700 million tons, surpasses that of the U.S. by 1.2 times, while its power generation of 9.2 trillion kilowatts is 2.3 times greater. China’s production and sales figures, totaling 30.16 million vehicles, triple those of the U.S. Steel output, towering at 1.36 billion tons, outstrips the U.S. by 19 times, while cement production at 2.23 billion tons dwarfs that of the U.S. by 20 times. China’s shipbuilding industry, with an impressive output of 42.31 million tons, exceeds that of the U.S. by an astonishing 70-fold. Through such figures it quickly becomes clear that the Chinese economy has resisted a so-called industrial hollow by prioritizing stable development over statistics and financial markets. What most “Peak China” analysts cannot seem to grasp is that the Chinese government simply couldn’t care less about whether its GDP surpasses the United States’. Back in 2014, the International Monetary Fund crunched numbers based on purchasing power parity (PPP), declaring China as the world’s top economic powerhouse, leaving the U.S. behind. The Chinese central government greeted the news without fuss or fanfare. Look it up: Over the past four decades, the idea of “outstripping the U.S.” in GDP has never graced official documents nor has it ever been a topic of discussion among China’s decision-makers. China’s developmental focus isn’t about outdoing others; it’s about surpassing its own benchmarks for a better quality of life.
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