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The global economy is in a state of shutdown due to the impact of the epidemic and other factors, while the mainland economy is showing a clear upward trend.
Especially in 2023, the mainland economy has developed and recovered, and it is moving forward with a high-quality development model. After entering 2024, it is imperative to continue to promote economic development.
However, it has recently been reported that China's GDP data in 2023 has declined significantly compared with the United States, and the annual GDP data only accounts for 65% of the US GDP data.
In the face of this result, some argue that the era of China's economic rise is over. Is this really the case?
After learning more about the answers handed in by the mainland in terms of economic development in 2023, we will find that in fact, the national economy is in a state of continuous recovery, and the economy in various places has a very obvious upward trend.
Both economic growth, employment issues, and commodity prices are in a relatively stable state, and they are rising even though they remain stable.
Compared with other countries, the mainland's economic growth rate remains relatively leading, and at the same time, the new employment situation has also been greatly guaranteed.
Judging from the data released by the specialized departments, the mainland's commodity prices have basically remained stable, especially in the context of the growth of industrial and agricultural production and the large price changes in international bulk commodities, the mainland's commodity prices have not increased significantly.
For consumers, the rise in prices will definitely lead to an increase in consumer spending, and only keeping prices in a balanced state is more conducive to reducing people's daily living costs.
A country's steady economic growth is the foundation for promoting national development and progress, and in the past years of development, the mainland's economic growth rate has been accelerating.
It is precisely in this context that the United States is very jealous, and many institutions have predicted when China's GDP will surpass that of the United States.
Judging from the comparison of GDP data in previous years, in 2021, the gap between the GDP data of the mainland and the GDP data of the United States is the smallest, and the GDP data of this year accounts for about 77% of the United States.
As China continues to catch up with GDP figures, the U.S. government has begun to raise interest rates.
However, it can be seen from the development of the past years that the economic aggregate between China and the United States has actually undergone great changes.
However, compared with 2021 and 2022, the mainland's GDP data has declined significantly, especially last year, when the proportion dropped directly to 65%.
Seeing this situation, many foreign media have broken the news that the era of China's rapid economic development has come to an end, and it is impossible to surpass the United States in terms of GDP.
In the process of continuous development of the global economy, both China and the United States have a position in the economic field that cannot be ignored, and the trade ties between the two countries directly affect the development trend and direction of the global economy and the international situation.
In the past, the United States has always regarded itself as a financial power and a high-tech power, believing that this status must belong to the United States.
However, in the past years of development, China's manufacturing industry and primary industry have developed very rapidly, and their influence on the international financial community has also been increasing.
With the rapid development of China's economy, it has now become the second largest economy in the world.
It is precisely because of this that China's economic development continues to attract the attention of the international community, and after the 2023 China-US GDP data came out, many media claimed that the era of China's economic rise has come to an end.
In fact, this statement is very one-sided. At present, the mainland is still in the stage of deepening reform.
In order to further promote economic development, the state has introduced many measures to help economic development.
At the same time, in the process of continuously promoting the reform of advanced management systems in all walks of life, it will inevitably have a certain impact on the economy. These are all things that cannot be ignored, but China's economic development and rise have not come to an end.
The most basic reason why the gap between the GDP data of the two countries has been further widened is the strong appreciation of the US dollar.
Since the beginning of 2022, the Federal Reserve has pursued several consecutive interest rate hikes, which has led to an increase in the value of the US dollar.
Clearly, this is a way for the United States to harvest the global economy. As the value of the U.S. dollar increases, the value of other countries' currencies decreases. The Chinese currency is no exception.
Against the backdrop of the collapse of the renminbi exchange rate, orders in many manufacturing industries have shrunk significantly, and these factors have affected the growth rate of China's economy.
Even in this context, instead of providing strong and effective incentives, China has continued to push for reform.
In the short term, it may have an impact on the speed of economic growth, but in the long run, it is the basis for the continued development and growth of China's economy.
Therefore, the comparison between GDP data does not have much reference value and significance.
What do you think about the economic gap between China and the United States? Welcome to discuss in the comment area!