It is standard for politicians, reporters, and columnists to refer to the United States as the world’s largest economy and China as the second largest. I
  • leo_da_vinci@lemmygrad.ml
    ·
    1 year ago

    Their use of nominal GDP while ignoring GDP PPP reminds me of the Tokyo olympics. While China had more gold medals than USA, American news were using the total medal count to sort countries, instead of sorting them by gold medal count. At the final day of the olympics USA surpassed China in gold medals (39 vs 38), and thus the American news returned back to the traditional gold medal count for sorting the countries.

  • 陆船。@lemmygrad.ml
    ·
    1 year ago

    Many [bozos] want to take a confrontational approach to China, with the idea that we can isolate the country and spend it on the ground militarily, as we arguably did with the Soviet Union.
    At its peak, the Soviet economy was roughly 60 percent of the size of the U.S. economy, and China’s economy is already 25 percent larger.

    Looking forward to the revised editions of US history books that condemn rather than praise Nixon's trip to China lol