submitted 6 months ago by chesmotorcycle@lemmygrad.ml to c/worldnews@lemmygrad.ml

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See? China is going to crash for real this time. Just you wait, tankies!

But the IMF noted that, by 2029, China's economic growth is expected to decline to 3.3 percent, citing aging and slower productivity growth.

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[-] xkyfal18@lemmygrad.ml 29 points 6 months ago

I mean, I’m no economics expert, but isn’t a slowdown in growth as the productive forces become more advanced normal?

[-] Cochise@lemmy.eco.br 19 points 5 months ago* (last edited 5 months ago)

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.

[-] xkyfal18@lemmygrad.ml 8 points 5 months ago

When you put it that way, it’s literally basic maths lmao. Thanks for the explanation 🫡

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this post was submitted on 30 May 2024

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