China to overtake US economy by 2028

[PunkTheFunk 125,703]

Chinese economy to overtake US 'by 2028' due to Covid

China will overtake the US to become the world's largest economy by 2028, five years earlier than previously forecast, a report says.

The UK-based Centre for Economics and Business Research (CEBR) said China's "skilful" management of Covid-19 would boost its relative growth compared to the US and Europe in coming years.

Meanwhile India is tipped to become the third largest economy by 2030.

The CEBR releases its economic league table every year on 26 December.

Although China was the first country hit by Covid-19, it controlled the disease through swift and extremely strict action, meaning it did not need to repeat economically paralysing lockdowns as European countries have done.

As a result, unlike other major economies, it has avoided an economic recession in 2020 and is in fact estimated to see growth of 2% this year.

The US economy, by contrast, has been hit hard by the world's worst coronavirus epidemic in terms of sheer numbers. More than 330,000 people have died in the US and there have been some 18.5 million confirmed cases.

The economic damage has been cushioned by monetary policy and a huge fiscal stimulus, but political disagreements over a new stimulus package could leave around 14 million Americans without unemployment benefit payments in the new year.

https://www.bbc.com/news/world-asia-china-55454146

 

[Guest]

4 minutes ago, PunkTheFunk said:

Although China was the first country hit by Covid-19, it controlled the disease through swift and extremely strict action, meaning it did not need to repeat economically paralysing lockdowns as European countries have done.

As a result, unlike other major economies, it has avoided an economic recession in 2020 and is in fact estimated to see growth of 2% this year.

Yeah makes you truly wonder if this was not planned

Before the ouins ouins come at me with conspiracy theorist and anti-vaxx accusations, my answer is simple  I DONT CARE WHAT U THINK!!!

[weed 78,933]

I mean they literally welded apartment doors shut to keep people home  that would cause an actual uprising here if people already sh*t themselves about masks 

[SoSourCandy 348]

lol sure chen

[gumzy3000 7,901]

Honestly, I think its a bit scary China is becoming the next super power. They have one of the WORST human rights record on the planet. If you think the the USA is bad, China is even worse. And no, this is not racist or xenophobic but its true. You should see what they are doing to the Muslims, minorities, Tibet, Taiwan and Hong Kong. Its scary living in a world with no freedom. 

[berlinforme 5,385]

6 minutes ago, KanyeWest said:

Yeah makes you truly wonder if this was not planned

Before the ouins ouins come at me with conspiracy theorist and anti-vaxx accusations, my answer is simple  I DONT CARE WHAT U THINK!!!

Good thing China can always count on the stupidity of western nations, especially of the US, lol. 

[RenegAde 20,557]

 

[Guest]

Just now, berlinforme said:

Good thing China can always count on the stupidity of western nations, especially of the US, lol. 

I agree, we got played real hard. Faking their numbers, hiding the truth from us, accusing us of starting the virus first, all of that while building a strong economy

[berlinforme 5,385]

Just now, KanyeWest said:

I agree, we got played real hard. Faking their numbers, hiding the truth from us, accusing us of starting the virus first, all of that while building a strong economy

Erm, except that all this wouldn't influence how the US handled the pandemic. Which is basically the worst way imaginable. 

[venusfly 17,885]

5 minutes ago, KanyeWest said:

I agree, we got played real hard. Faking their numbers, hiding the truth from us, accusing us of starting the virus first, all of that while building a strong economy

I mean it's not really how it works though, they can't just stall the world and grow their economy and then maintain a position nobody can catch up to. China's politics are increasingly hostile, solitary and unhumanitarian, there will be a point in the not too distant future where western countries are going to have to withdraw from the country and potentially sanctions may come into play, this article seems to ignore that and will be a giant hit to China's economy when it unfolds. The CCP leadership seem to be blinded by their own power and are flying too close to the sun.

[PunkTheFunk 125,703]

4 minutes ago, KanyeWest said:

I agree, we got played real hard. Faking their numbers, hiding the truth from us, accusing us of starting the virus first, all of that while building a strong economy

Let's be real: America played itself. The level of incompetence and unprofessionalism was embarrassing and the Chinese were probably laughing the whole time.

[Dutch 95,664]

I mean war or even the end of the world could happen before that date. 

[Guest]

4 minutes ago, PunkTheFunk said:

Let's be real: America played itself. The level of incompetence and unprofessionalism was embarrassing and the Chinese were probably laughing the whole time.

Europe was incompetent just as much, by the way Im not american, but Trump made zero effort at all...while in Europe they were too late and not efficient enough. 

[gabeoz 7,915]

Just now, KanyeWest said:

Europe was incompetent just as much, by the way Im not american, but Trump made zero effort at all...while in Europe they were too late and not efficient enough. 

Apparently trump made his own personal deadline of how long he would “deal” with the virus  and apparently we’ve passed it and he doesn’t give a flying sh*t anymore  not that he did to begin with but were f*cked. 

[Economy 52,846]

I also wanna point out that the real economy and true economic activity of China already surpassed the US

 

Measuring in GDP (PPP) is a more accurate form of gaging the size of an economy and China already surpassed the US like 2 or 3 years ago

 

In this article they are talking about nominal GDP which exept for some global market influences, for all intensive purposes isn't really that relevant