For more than a few years, well before Donald Trump became president, I’ve told everyone that our (the US) competition with China isn’t something to be feared, nor is it inevitable that we’re to lose the competition. We could easily win if we so chose to do so. But, for now, I’m just checking out this new blog writer and my new MS Office!
I figured, though, if I’m going to do a test page, it may as well be useful. Let’s see how the US and China’s economies have done in recent times, shall we?
Okay, well, cool graphs, I guess, but a little awkward to look at. At any rate, above we can see a slight decline in the annual growth rate for the US. (It has noticably increased since the recession, but, Biden will correct that shortly.) However, when one looks at China’s …. you don’t really need the trend line to see. Let’s look at it in another manner …..
Sources for the data are linked below.
Now, mind you, China lies about its GDP and growth rate, so this is all acedemic, anyway. The next four years, though, will probably tell a different story for the US.