GDP data for China, the U.S., and the other G7 countries for the year 2023 has now been published. This makes possible an accurate assessment of China’s, the U.S., and major economies performance—both in terms of China’s domestic goals and international comparisons. There are two key reasons this is important.
China’s economy is still far out growing the U.S. – contrary to Western media “fake news”
Tag: middle-income trap
It’s wrong to say China is heading for socialism, because it never really abandoned it
It’s wrong to say China is heading for socialism, because it never really abandoned it
Ultimately, what is behind the coverage you see in the West is a sense of dismay that China did not take the path they wanted. China was a socialist state, and still is, but refines its policies in pursuit of its national goals where necessary. It understands the difference between dogmatism and pragmatism, and that is why it so frequently succeeds.
Ms. Cat’s Chronicles 