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IMF revises China's two-year economic growth upwards, cites strong GDP
(english.almayadeen.net)
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this post was submitted on 30 May 2024
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I mean, I’m no economics expert, but isn’t a slowdown in growth as the productive forces become more advanced normal?
It's almost as if they're more interested in scoring propaganda points than actual analysis.
yep lol
Yes, even as the size of the growth increase, the rate declines.
From 10 to 12 you grow 2 and the rate is 20%. From 100 to 110 you grow five times more, but half the rate. So the news says you growth slow down.
When you put it that way, it’s literally basic maths lmao. Thanks for the explanation 🫡
Yes, but even so, China's "cost per GDP point" is lower than any other nation at the same point in their GDP development.