China's GDP fell to 65% of the United States, and at most it reached 77%, and China's rise was interrupted?
The proportion of China's GDP with that of the United States has fallen again and again, once approaching 80 percent, but now it has fallen back to the level of 65 percent.
"When will China's GDP surpass that of the United States?" has been a hot topic in recent years. As early as 2010, the authoritative British financial magazine "The Economist" predicted that by 2020, China would complete the feat of catching up with the United States in terms of GDP.
Not only that, but many American politicians at that time showed an attitude of agreement with this view.
Although it cannot be ruled out that there is a suspicion that European and American experts are vigorously advocating that "China surpasses the United States" to exaggerate the China threat theory, at that time, the perception that "China will inevitably surpass the United States" has become the consensus of many people.
So more than 10 years after the prediction, why is the GDP gap between China and the United States increasing instead of falling? Has China's rise been interrupted?
The United States and its Western allies have done everything possible to contain China's development by concocting the theory of the China threat diplomatically, building the so-called "Asia-Pacific and Indo-Pacific strategic encirclement" militarily, and holding high trade barriers with the big stick of "trade war" on the economy.
Judging from the GDP data, they seem to have gotten their wish - the total GDP is going its way.
However, not only is GDP not everything, but it is also affected by a variety of factors that make it fail to "measure" the economy.
For example, this time, even to a certain extent, the decline in the ratio of China's total GDP to the United States not only indicates the weakening of the United States and the strengthening of China's national strength, but in fact, China's economic scale has long surpassed that of the United States!
This is not nonsense, everything is based on evidence!
On the one hand, what is the reason for the Fed's interest rate hikes, especially on foreign debt? There is no doubt that US bonds are "unsalable." U.S. Treasury bonds, which used to be popular all over the world, are gradually losing their market.
How did you come to this conclusion?
Very simple. If the supply of US bonds exceeds demand, then it will be too late for the Federal Reserve to cut interest rates and "cool down" the heat of US bonds? How can it rise the interest rate on US Treasury bonds again and again?
In addition, some time ago, the world powers, led by China and the United Kingdom, sold US bonds one after another, which means that the "permanent members of the UN Security Council" are worried about the safety of the US investment environment.
In the long run, will the US Treasury collapse and the so-called "dollar hegemony system" will still have room to survive in the world?
On the other hand, why has China "surpassed the United States" in terms of economic aggregate?
Because China is one of the few major countries in the world that maintains a trade surplus all year round. And at this stage, China's huge total trade reserves can be described as the world's largest.
With the blessing of these two factors, China's economic aggregate is bound to rise significantly, thus surpassing the United States in terms of total economic scale.
In addition, there has always been a saying on the Chinese Internet called "The war report may lie, but the front line will not!" to analyze the Sino-US contest in the economic field with this sentence, and the above conclusions will be more clearly proven——
If, as the data shows, China no longer has the possibility of catching up with and overtaking the United States economically, then why do senior US officials go to China while shouting "decoupling from China" while visiting China like a marquee?
A few days ago, U.S. Treasury Secretary Janet Yellen has "deigned" to arrive in Beijing, which is the truth that the United States has been scrambling to deal with China's competition in the economic field under the appearance of data.
