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What’s the real size of China’s economy? | Asia Times
Consider production:
Electricity: China = 2x USA
Automobiles: 3x
Steel: 12x
Cement: 22x
Shipbuilding: 270x
On the consumption side:
Luxury goods: China = 2x USA
Smartphones: 3x
In EV sales,
China = 6x USA
The author points out that services are often ignored or undervalued by the Chinese government.
However, services are a big part of China’s economy now.
S.L. Kanthan
Consider production:
Electricity: China = 2x USA
Automobiles: 3x
Steel: 12x
Cement: 22x
Shipbuilding: 270x
On the consumption side:
Luxury goods: China = 2x USA
Smartphones: 3x
In EV sales,
China = 6x USA
The author points out that services are often ignored or undervalued by the Chinese government.
However, services are a big part of China’s economy now.
S.L. Kanthan