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Are you surprised that growth is higher in China than in the US?
by hnarn 7y ago
Are you surprised that growth is higher in China than in the US?
- tonyedgecombe 7y agoI don’t think the article is taking about the whole of China, just Schenzhen.
- ryanhuff 7y agoI believe the point of the parent is that the “slow” growth referenced in the article doesn’t really seem slow by other standards.
- Mirioron 7y agoI find this surprising. It seems obvious to me that areas in countries that are much less wealthy grow much faster than wealthy countries (if they're improving). They are essentially catching up by implementing many of the same techniques wealthy countries already figured out.
- kevstev 7y agoNo, but I am surprised that 6.6% growth is a cause of concern, even if it is lower than whatever the previous number may have been. The last time we saw growth rates above 5% in the US was during the .com boom and even in the midst of it that was considered unsustainable long term.
- lotsofpulp 7y agoAny difference in between growth and expected growth can be a problem. If investments were made and money was lent assuming 12% growth, then 6% is going to hurt.
- Waterluvian 7y agoYou can't compare US and Chinese growth rates. It's easier to grow when you still have a lot of growing to do.
- onlyrealcuzzo 7y agoAlso when your non-farms workforce participation is increasing, instead of flat or decreasing. Most of GDP growth comes from 1) population growth, 2) inflation, and 3) non-farms workforce participation.