China's GDP has expanded at 8.1 percent in 2021, growing the fastest in nearly a decade and landing well above the government's annual target of achieving a growth rate above 6 percent.
China GDP growth since the pandemic began is 5.1% and US is at ~1% lol
It gets even better. Check out this article from March 2021:
Economists are swiftly upgrading their US growth forecasts as Covid vaccinations accelerate and after Washington enacted a $1.9 trillion stimulus package that is far larger than many thought possible just a few months ago.
Goldman Sachs is calling for 2021 US GDP growth of 6.9%, the fastest since 1984. Morgan Stanley is even more bullish, predicting 7.3% growth. That would surpass the Chinese government's humble target of 6%. More importantly, these Wall Street estimates for the US' pace are not far from the 8.4% consensus forecast for China among economists polled by Refinitiv.
All of this means that US GDP growth could rival or perhaps even surpass that of China. This would be a remarkable achievement because the United States is a much more mature economy — and was blown away by China's explosive growth out of the Great Recession.
The reality looks to be way below these rosy expectations. lol
China GDP growth since the pandemic began is 5.1% and US is at ~1% lol
It gets even better. Check out this article from March 2021:
The reality looks to be way below these rosy expectations. lol