Chinese GDP will be more than double that of the US in under a decade, if recent growth rates persist. : worldnews

[-] Ocommie63@lemmygrad.ml 34 points 7 months ago

Great news, truly the death of capitalism and neoliberalism in particular is imminent, I dont know what will happen to me or others stuck in the belly of this dying monster but at least I can be glad that it is in fact, dying.

[-] SadArtemis@lemmygrad.ml 5 points 7 months ago

Here's hoping that it doubles it, and then some- and that the rest of the global south and east follows its course as well. It's about time that actual production, actual civilizations, societies with actual human decency returned to the forefront of the world again, and imperialists who have never evolved their societies past pillaging and genocide have no place there. The west will have to undergo revolutionary change, or be left in the dustbin of history as they deserve.

[+] zero_spelled_with_an_ecks@programming.dev -13 points 7 months ago

https://xkcd.com/605/

[-] RedClouds@lemmygrad.ml 7 points 7 months ago

Ah yes, as a response to intelligent analysis, here is a meme.

The height of politics online... 14 year old boys yelling "nuh uhhhhhhhhhhhhhh!!!!"...

[-] zero_spelled_with_an_ecks@programming.dev -5 points 7 months ago

I'm 15 at least, maybe even 15 and a half.

But fine, from the article:

What might alter this perspective Any number of factors might derail China's growth, even in the short term, including war over Taiwan, mismanagement of the Chinese economy linked to its poor Governance rating, and further attempts by America to reduce trading links with China.

So as long as nothing unexpected happens, yeah, the graph will keep going as it has been. Great article, well worth a much better response than I gave it.

[-] RedClouds@lemmygrad.ml 2 points 7 months ago

You can read the other responses. They have references.

You'll be reminded of this when China's GDP is officially twice Americas.

[-] zero_spelled_with_an_ecks@programming.dev 0 points 7 months ago

Is that supposed to be menacing, being reminded? And if it becomes twice America's, their population is currently more than three times America's, so it's not the brag you seem to think it is. Not that GDP is how countries should measure their economic dicks anyway.

[-] Aria@lemmygrad.ml 3 points 7 months ago

It's a big deal when their PPPGDPPC in 1950 was 50 USD. In 1990 they were poorer per capita than Afghanistan, Cambodia, DR Congo, Ghana, Haiti, India, Kenya, Nigeria, Pakistan, The Philippines, Sudan, Zimbabwe. Both where they were then and also where they are now in the cases where they've gotten poorer.

[-] Pili@lemmygrad.ml 1 points 7 months ago

Because it is know that GDP growth is a one time thing.

[+] BartyDeCanter@lemmy.sdf.org -18 points 7 months ago

The star on the bottom of that chart is doing a hell of a lot of heavy lifting.

[-] PolandIsAStateOfMind@lemmygrad.ml 15 points 7 months ago

it is needed because just nominal GDP is at the point just illusion, once you factor in how much virtual economy and finance tricks are counted in.

World News