3 ms·
Tradable goods should be measured using trade data and GDP is a poor proxy. US GDP is 80% services. Manufacturing value adds in China has surpassed the US since
by fspeech 11y ago
Tradable goods should be measured using trade data and GDP is a poor proxy. US GDP is 80% services. Manufacturing value adds in China has surpassed the US since 2013: https://www.mapi.net/china-solidifies-position-worlds-largest-manufacturer https://www.mapi.net/china-solidifies-position-worlds-larges...