China's Rise and the Limitations of GDP as a Measure of Power
===============
#3b1d8a58 ver:0.22
China's economy is not falling behind the US, says Nicholas Lardy. Despite concerns, China's real GDP was 20% higher in 2023 compared to 2019, while the US's was only 8% higher. The decline in China's GDP in US dollars is temporary. China's nominal GDP is expected to surpass the US in a decade. However, GDP alone is not an effective measure of power, warns Charlie Bradbury. It doesn't account for factors like an ageing population and environmental degradation. A more comprehensive approach is needed for strategic analysis. #ChinaEconomy #GDP #PowerMeasurement...
#newstr #China #Gdp #EconomicGrowth #RelativePower #Us
https://here.news/story/3b1d8a58?ver=0.22
China's Rise and the Limitations of GDP as a Measure of Power /
npub1ap…zvp5w
2024-05-01 05:54:16
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npub1apvkm3faetj0hd3ufxtgq4q0dcx2clnfaj97ldvm302a7qem4y2quzvp5wPublished at
2024-05-01 05:54:16Event JSON
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"content": "China's Rise and the Limitations of GDP as a Measure of Power\n===============\t\n#3b1d8a58 ver:0.22\n\nChina's economy is not falling behind the US, says Nicholas Lardy. Despite concerns, China's real GDP was 20% higher in 2023 compared to 2019, while the US's was only 8% higher. The decline in China's GDP in US dollars is temporary. China's nominal GDP is expected to surpass the US in a decade. However, GDP alone is not an effective measure of power, warns Charlie Bradbury. It doesn't account for factors like an ageing population and environmental degradation. A more comprehensive approach is needed for strategic analysis. #ChinaEconomy #GDP #PowerMeasurement...\n\n#newstr #China #Gdp #EconomicGrowth #RelativePower #Us \n\n https://here.news/story/3b1d8a58?ver=0.22",
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