Can't catch up? Comparison of the GDP gap between China and the United States, what is wrong!
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The latest GDP gap between China and the United States has increased from 52 trillion yuan rose to 948 trillion yuan, what's going on?
Some time ago, the U.S. Department of Commerce released economic data for 2023: the U.S. gross domestic product is 2737 trillion yuan, deducting the annual growth rate of ** factor5%。On the part of our country, according to the economic data released by the state, the GDP in 2023 will be 186 trillion yuan, converted into 17888 trillion yuan.
In terms of GDP alone, the gap between China and the United States will reach 948 trillion yuan, frankly, this is not a small gap. Moreover, in terms of time, the GDP gap between China and the United States has not narrowed in recent years, but has widened.
According to official data, in 2021, the GDP gap between China and the United States will reach 52 trillion yuan, China's GDP will account for 77% of the United States. At that time, many domestic and foreign institutions**, China's GDP would surpass that of the United States within a decade. In fact, the GDP gap between China and the United States has been widening.
What is the reason for the widening gap in gross domestic product (GDP) between China and the United States? I think there are several answers to this question.
The first is the issue of GDP: GDP growth in 2023 has reached more than 5%, more than twice that of the United States, and the GDP growth rate of the United States in recent years has also been more than twice that of China, but why is the GDP gap between China and the United States getting wider and wider? The main reason is the exchange rate. Due to the depreciation of the yuan, the GDP gap between China and the United States is also widening.
The second is the ** problem. After the end of the epidemic, the price of the United States**, while the price of our country**. Inflation means that the purchasing power of the dollar in the United States decreases, while deflation means that purchasing power rises, so if you do the math, although our country's GDP is lower than that of the United States, our real purchasing power and happiness are higher than those of the United States.
Nonetheless, there is another factor behind the widening GDP gap that cannot be ignored: the strength of the country's economy. In both cases, it is the economic vitality of the country itself that has a more direct impact on the depreciation of a country's currency; If the country's economy is dynamic and has enough say in the international market, then the country's currency should appreciate, not depreciate.
On the Internet, I see a lot of people accusing the U.S. of printing money and raising interest rates, which has led to the depreciation of our currency.
Simply put, as long as we are strong enough and have enough pricing power in the market, what the United States does will not have much impact on our currency.
As the saying goes, you can't blame gravity if you don't, sometimes you have to find the reason from yourself. But if you blame someone else every time, the gap between the two will get bigger and bigger.