Blog | 29 Sep 2017
China’s GDP is Growing More than 3 Times as Fast as the US and China’s Per Capita GDP More than 4 times as Fast
The latest US GDP figures, published on 28 September, confirm once more that China’s economy has grown more than three times as fast as the US in the last year – 6.9% in China compared to 2.2% in the US as shown in Figure 1. Even more strikingly China’s per capita GDP has grown more than four times as fast as the US – 6.4% compared to 1.5% as shown in Figure 2.
But don’t bother to wait for corrections from those Western ‘China experts’ who were predicting a China ‘hard landing’. As always they will try to hush up their wrong predictions.
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