politics

While the United States is suffering from a $770 billion trade deficit, China has, for the first time, achieved a $1 trillion trade surplus.

It is no wonder that the U.S. seeks to launch a "global trade war" against China.

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It’s around 5.3% of China’s GDP, based on their 2023 GDP of about $19 trillion.

This is enormous. What’s the % GDP on that?

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MBTI : ISTJ 👤                                           
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The issues are complex, but surely China won't try to get itself into a quagmire that would harm it so much without a proper strategy.

Do not doubt that China will also be trapped and will attack Taiwan in the end, with this China will go back 50 years.

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I do not deny the challenges facing China's economy, particularly the significant decline in its economic growth rate—around 10% lower than two decades ago. However, do you think the U.S. is in a better position? The total economic growth of the U.S. for 2022, 2023, and 2024 combined is just 6.7%.

China has achieved much of its economic growth through a positive trade balance, while the U.S. owes a significant portion of its growth to the global status of the dollar, allowing it to print money and stabilize its economy with relatively lower inflation.

And China's economic growth in 2024 has been 5.3%.

if you're bored look up xi silencing dissenting economists 🤣 china not doing super good right now that's why they're leaning into the taiwan thing a little heavier (need to try to unify support)

China's economy faces numerous problems and has so far managed to maintain a growth rate of over 5%, but investors are leaving China. On the other hand, the tensions between Taiwan and China, along with the unannounced military budget that likely isn't accurately reported, suggest that China's positive trade balance hasn't necessarily been spent on economic development, but rather on military matters.

Seems like the U.S. is really good at importing deficits, while China’s become a pro at exporting surpluses.