this post was submitted on 20 Jun 2024
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GenZedong

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[–] pinguinu@lemmygrad.ml 24 points 10 months ago (2 children)

smh this video spreads misinformation, China already surpassed the US!

[–] yogthos@lemmygrad.ml 11 points 10 months ago
[–] radiofreeval@hexbear.net -3 points 10 months ago (4 children)

By what metric? The US still has a higher GDP than China.

[–] ghost_of_faso2@lemmygrad.ml 21 points 10 months ago

houses owned by people

[–] Cochise 18 points 10 months ago (1 children)

Not if you measure purchasing power parity.

[–] radiofreeval@hexbear.net 10 points 10 months ago
[–] sharkfucker420@lemmy.ml 10 points 10 months ago
[–] cfgaussian@lemmygrad.ml 8 points 10 months ago

Nominal yes, PPP no. Comparing nominal GDP doesn't mean much because it's an apples to oranges comparison. It only matters for foreign trade. And China's economy is actually bigger than official stats suggest: https://lemmygrad.ml/post/4853219

[–] Kultronx@lemmygrad.ml 11 points 10 months ago

they rite tho. there are only socialist nations 8)

[–] big_spoon@lemmygrad.ml 6 points 10 months ago