By contrast, here's the same graph for the United States. It's a very different picture.pic.twitter.com/GLT0kdRAbj
Show this thread
Perspective on China's economic slowdown: If GDP grows at 6.2% next year (as IMF forecasts), it will be slowest growth rate since 1990, BUT in Rmb terms (adjusted for inflation), the increase will still be larger than any year in history prior to 2018.pic.twitter.com/C717If7gNU
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Is that due to RMB losing value to the US dollar?
-
No exchange rate effects as this is GDP measured in Rmb
End of conversation
New conversation -
-
-
Indeed. But try explaining base effect to naysayers...
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Wouldn't this be true for pretty much every country's economy?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
"According to pathbreaking research I have conducted, there is this thing called the 'base effect' and it works in China"
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
What do you mean by ‘RMB terms (adjusted for inflation)’? Are you saying that GDP growth in real terms will be the highest it’s ever been?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Charts and graphs are so confused, but in China we don’t wanna use money, all of us afraid unemployment
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Per capita it?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.