China has the patent to the art of war. Trump is the art of suckass!
China’s 2018 GDP on China’s official statistical website shows that ¥93.15 trillion translates to around $13.4 trillion in U.S. dollars. That compares to $20.5 trillion for the United States, valuing China's economy at about 65 percent of the size of America's. Of course, China has more than four times the population of the United States, so in per capita terms China is still way behind at $9,800 compared to nearly $63,000 for the United States. No one except the Western news media and the Communist Party of China ever believed those figures, but now we know they are fake. Economic figures, published in one of the Brookings Institution’s working papers, suggest that both GDP and GDP growth in China are far below what the CCP claim. Assuming that China was accurately reporting its GDP figures back in 2008, the new estimate for 2018 would be $11.1 trillion, or only about 54 percent of the size of the U.S. China’s growth is dependent on foreign capital, specifically the world’s reserve currency the dollar. The Yuan or the RMB is practically worthless outside of China. China’s state owned enterprises have burned through their capital reserves on over capacity of infrastructure and capital flight is happening at every level of their economy. The CCP continues to print funny money (RMB) that has no value outside of the country. China sits on the largest debt bubble known to man and can no longer fuel its over capacity leading to massive unemployment. The vast majority of Chinese are already destitute and are moving back to what’s left of their rural villages. Even in model cities like Shenzhen they see unemployment on the rise. Office vacancies are all over the city. It is important to point out that Shanghai, Shenzhen, Guangzhou and Beijing are not representative of how the majority of Chinese live. The majority of Chinese haven’t experienced the much fabled economic miracle. Never lived in ghost cities with deteriorating sky scrapers create an apocalyptic urban landscape throughout parts of China. Many of the second and third tier cities were built in the most idiotic locations. Industrial port cities like Nantong look like abandoned slums since ship building has ground to a halt. All of this was happening before the trade war. Non of this needs a footnote, it’s just common knowledge to the Chinese people and the rest of the world. Not even the debt traps set by the Belt and Road initiative will keep them from imploding back into its third world status. Venezuela is a comparative microcosm that depicts what will become of China.
Such weak numbers for China spell recession and doom.
China??has so many problems can't be resolved without a regime change.
I think Trump and the American people already decided on their faith in the future. This trade war is infinity! This has already made China much stronger and smarter soon over come the U.S in terms of the world greatest economy for many generations to come! And for that everyone will remember for many generations that this trade war all started by the U.S.
Just ditch americunt and let them suffer hyper inflation
Of course is gonna last years but beating bully china worth it
China has the patent to the art of war. Trump is the art of suckass!
China’s 2018 GDP on China’s official statistical website shows that ¥93.15 trillion translates to around $13.4 trillion in U.S. dollars. That compares to $20.5 trillion for the United States, valuing China's economy at about 65 percent of the size of America's. Of course, China has more than four times the population of the United States, so in per capita terms China is still way behind at $9,800 compared to nearly $63,000 for the United States.
No one except the Western news media and the Communist Party of China ever believed those figures, but now we know they are fake. Economic figures, published in one of the Brookings Institution’s working papers, suggest that both GDP and GDP growth in China are far below what the CCP claim. Assuming that China was accurately reporting its GDP figures back in 2008, the new estimate for 2018 would be $11.1 trillion, or only about 54 percent of the size of the U.S.
China’s growth is dependent on foreign capital, specifically the world’s reserve currency the dollar. The Yuan or the RMB is practically worthless outside of China. China’s state owned enterprises have burned through their capital reserves on over capacity of infrastructure and capital flight is happening at every level of their economy.
The CCP continues to print funny money (RMB) that has no value outside of the country. China sits on the largest debt bubble known to man and can no longer fuel its over capacity leading to massive unemployment. The vast majority of Chinese are already destitute and are moving back to what’s left of their rural villages.
Even in model cities like Shenzhen they see unemployment on the rise. Office vacancies are all over the city. It is important to point out that Shanghai, Shenzhen, Guangzhou and Beijing are not representative of how the majority of Chinese live. The majority of Chinese haven’t experienced the much fabled economic miracle.
Never lived in ghost cities with deteriorating sky scrapers create an apocalyptic urban landscape throughout parts of China. Many of the second and third tier cities were built in the most idiotic locations. Industrial port cities like Nantong look like abandoned slums since ship building has ground to a halt.
All of this was happening before the trade war. Non of this needs a footnote, it’s just common knowledge to the Chinese people and the rest of the world. Not even the debt traps set by the Belt and Road initiative will keep them from imploding back into its third world status. Venezuela is a comparative microcosm that depicts what will become of China.
Such weak numbers for China spell recession and doom.
China??has so many problems can't be resolved without a regime change.
I think Trump and the American people already decided on their faith in the future. This trade war is infinity! This has already made China much stronger and smarter soon over come the U.S in terms of the world greatest economy for many generations to come! And for that everyone will remember for many generations that this trade war all started by the U.S.
Just ditch americunt and let them suffer hyper inflation
Of course is gonna last years but beating bully china worth it