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Growth inevitably slows as an economy develops. China is still growing faster than the US.
by foldr 2y ago
Growth inevitably slows as an economy develops. China is still growing faster than the US.
- inglor_cz 2y ago"China is still growing faster than the US." The bigger picture is not favorable to China. Especially the high unemployment among the young is troubling. China no longer publishes data on youth unemployment, the last known figure was 23 per cent. This would be comparable to Spain or Italy, mostly sclerotic economies of the troubled southern wing of the EU.
- gruez 2y agoThey started publishing figures again, after they "improved" the methodology https://www.atlanticcouncil.org/blogs/econographics/youth-unemployment-in-china-new-metric-same-mess/ https://www.atlanticcouncil.org/blogs/econographics/youth-un...
- foldr 2y agoSure, it's a complex picture. But you mentioned growth, and China's economic growth is still pretty high.