China’s share of global GDP has increased from 3.6% in 2000 to 17.8% in 2019 and will continue to grow, the CEBR said. It would pass the per capita threshold of $12,536 (£9,215) to become a high-income country by 2023.
absolutely insane
China’s share of global GDP has increased from 3.6% in 2000 to 17.8% in 2019 and will continue to grow, the CEBR said. It would pass the per capita threshold of $12,536 (£9,215) to become a high-income country by 2023.
absolutely insane
Perhaps, but China has achieved it year on year for 20 years. There is no sign of it stopping. The US however? Strong signs that they're in decline.
Chinese growth is significantly lower than it enjoyed a decade ago. Somewhere in the neighborhood of 5-10 pts depending on who you believe.
American growth has been stagnant since the Volker Era, more or less by design.