With $5.74 trillion in the first 10 months, the world's largest trading country has changed hands, who will replace China?

What happened when the number one country in global trade was no longer China, but the United States?

In 2022, the mainland's per capita GDP is $12,700, while the United States is $76,400. If we reach half of the United States, which is about $38,000, our GDP can reach $53.2 trillion, which is more than twice the current GDP of the United States.

Many people may not believe it and think that it would be good to reach $20,000. In fact, we really set a goal, and at the high-level meeting in October 2020, we proposed that by 2035, the per capita GDP of the mainland will reach the level of a moderately developed country.

According to the international definition, a per capita GDP of $30,000 to $60,000 is considered a moderately developed country. Even at a minimum of $30,000, the GDP will be $42 trillion, and it will indeed be able to compete with the United States by 2035.

We are still conservative, a bunch of foreign media and institutions keep giving predictions, saying that China's GDP will surpass that of the United States in 2030, and a British think tank is even more exaggerated, bringing the time point forward to 2028. Don't think that they are well-intentioned, they are particularly confident in China's economic development, but they are actually "killing".

This kind of public opinion offensive has made the United States feel threatened. After all, if you have been the boss for hundreds of years, and suddenly say that someone wants to replace you, can you not be in a hurry?

In addition, over the past 40 years, the mainland economy has indeed achieved extraordinary results. In 1978, the mainland officially implemented the policy of reform and opening up, and the mainland's GDP was only 149.541 billion US dollars, the United States was 2.35 trillion US dollars, and China's GDP was only 6.36% of that of the United States. By 2022, the mainland's GDP will be $17.96 trillion, the United States will be $25.46 trillion, and China's GDP will be equivalent to 70% of that of the United States.

Therefore, in order to curb our development, in the past few years, Lao Mei has been doing three things, not to buy your things, not to sell you high-end products and technologies, and not to produce from you.

Since the Trump era, there has been a "trade war", but it did not work well at that time. Since Biden came to power, he has gone as far as he can and taken more targeted measures.

Since the middle of last year, the United States has significantly reduced imports, and the import value has begun to grow negatively. In the first 11 months of this year, mainland exports to the United States fell 13.8 percent year-on-year in dollar terms.

On the other hand, the United States is worried that we will complete technological upgrading, so it has constantly restricted the export of high-end products and technologies, and has put a large number of Chinese companies on the entity list for export control. Let's take Huawei as an example, after Huawei was blocked, mobile phone sales plummeted, and the company's revenue also decreased by hundreds of billions, while in Longgang District, Shenzhen, where Huawei's headquarters is located, the GDP of Shenzhen fell by 7.6% in 2021, and the mainland's GDP increased by 8.3% this year.

As a result, in the first 11 months of this year, U.S. exports to us also fell by 7 percent.

It's not in our business, and it's clear that some American companies are moving out, most notably Apple. Apple is constantly increasing its weight in India, placing products such as iPhones in India.

The United States not only makes its own moves, but also pulls its allies together to contain them. In the first 11 months of this year, in dollar terms, the mainland's exports and imports to the European Union, Japan, South Korea, and the United Kingdom were negative.

Neither buy yours nor sell to you, and our trade will naturally suffer. This impact is not small, because the number one country in global trade is no longer China, and the United States is in power.

In the first 10 months of this year, the total foreign trade in goods of the United States was $4,316.952 billion, a year-on-year decrease of 4.1 percent, and the total value of trade in services was $1,424.453 billion, a year-on-year increase of 6 percent, or $5.74 trillion.

The total value of the mainland's foreign trade in goods was 4,899.96 billion US dollars, a year-on-year decrease of 6%, and the total trade in services was 760 billion yuan, only half of that of the United States, and the total trade volume was 5.66 trillion US dollars. As a result, the United States has overtaken and become the world's largest trading country.

You must know that since 2013, the mainland has been the largest country in global trade, and in 2021, the total trade volume of the mainland exceeded 6 trillion US dollars, while the United States was 4.69 trillion US dollars, a difference of 1.3 trillion US dollars. Even in 2022, there is still a gap of 1 trillion US dollars, but I didn't expect that in the first 10 months of 2023, it will rewrite the record held by the mainland for 10 years.

Judging from the current trend, the United States will continue to engage in trade protection. For us, it is better to continue to open the door to all collaborators and unite all countries that can be united. In addition, it is to pay close attention to technology, focusing on supporting enterprises like Huawei. Only by mastering the core technology can we not be stuck and move from a manufacturing country to a manufacturing power.