382
submitted 9 months ago by throws_lemy@lemmy.nz to c/world@lemmy.world
you are viewing a single comment's thread
view the rest of the comments
[-] banneryear1868@lemmy.world 3 points 9 months ago

In 1971 there was an oil crisis that put an end to the post-war consensus in the US, and the deindustrialization that followed was a shift to a more professional service financial economy. In China Mao had died and the Cultural Revolution was over. Deng opened up the country to capitalism through a Soviet-style manufacturing push and the creation of economic zones. So we have this relationship between the world's largest consumer economy and the world's largest manufacturing economy up to the present day. China's economic growth currently is outpacing other developed countries post-covid, and they represent a greater percentage of worldwide economic growth than the US, they have the single largest share of the world's economic growth.

People in the US who criticize China for polluting is incredibly ironic in this context. US capital interests are more than happy to exploit China's manufacturing sector, and China takes the blame for all the things that brings with it.

[-] DdCno1@kbin.social 0 points 9 months ago

China’s economic growth

How much of this is growth comes from construction? How can we know we can trust the numbers out of China?

[-] banneryear1868@lemmy.world 2 points 9 months ago

Begs the question of how you're substantiating any claims if you can't trust any information to base it on. Use a critical US report on China's economy if you want. A granular distribution of GDP by economic sector is the data you're asking about, a legit resource will serve you better than a random internet commenter. You'll find their service economy is where the percentage share of growth has been wherever you look.

this post was submitted on 03 Feb 2024
382 points (96.4% liked)

World News

39023 readers
2260 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS