In 1971 there was an oil crisis that put an end to the post-war consensus in the US, and the deindustrialization that followed was a shift to a more professional service financial economy. In China Mao had died and the Cultural Revolution was over. Deng opened up the country to capitalism through a Soviet-style manufacturing push and the creation of economic zones. So we have this relationship between the world’s largest consumer economy and the world’s largest manufacturing economy up to the present day. China’s economic growth currently is outpacing other developed countries post-covid, and they represent a greater percentage of worldwide economic growth than the US, they have the single largest share of the world’s economic growth.
People in the US who criticize China for polluting is incredibly ironic in this context. US capital interests are more than happy to exploit China’s manufacturing sector, and China takes the blame for all the things that brings with it.
Begs the question of how you’re substantiating any claims if you can’t trust any information to base it on. Use a critical US report on China’s economy if you want. A granular distribution of GDP by economic sector is the data you’re asking about, a legit resource will serve you better than a random internet commenter. You’ll find their service economy is where the percentage share of growth has been wherever you look.
In 1971 there was an oil crisis that put an end to the post-war consensus in the US, and the deindustrialization that followed was a shift to a more professional service financial economy. In China Mao had died and the Cultural Revolution was over. Deng opened up the country to capitalism through a Soviet-style manufacturing push and the creation of economic zones. So we have this relationship between the world’s largest consumer economy and the world’s largest manufacturing economy up to the present day. China’s economic growth currently is outpacing other developed countries post-covid, and they represent a greater percentage of worldwide economic growth than the US, they have the single largest share of the world’s economic growth.
People in the US who criticize China for polluting is incredibly ironic in this context. US capital interests are more than happy to exploit China’s manufacturing sector, and China takes the blame for all the things that brings with it.
How much of this is growth comes from construction? How can we know we can trust the numbers out of China?
Begs the question of how you’re substantiating any claims if you can’t trust any information to base it on. Use a critical US report on China’s economy if you want. A granular distribution of GDP by economic sector is the data you’re asking about, a legit resource will serve you better than a random internet commenter. You’ll find their service economy is where the percentage share of growth has been wherever you look.