Strong economic growth is typically defined as a GDP growth rate of 3% or higher. 2% can also be considered healthy, depending on the economic context.
“orly?” Do you usually talk like an insufferable Redditor?
We measure the improvement of material conditions of the working class. China serviced that far better than the west and their economic growth to maintain that ideal against a unprecedented trade war is indeed strong.
We still doing this? Let’s compare American manufacturing industry too while we stroke off about GDP…lmfao
Kindly follow the entire conversation if you want to argue. My comment was written to a false claim about economic growth analysis.
The working class in China is not seeing any improvement in their living standards right now, if that’s your argument.
0.8% is not a “surge”. If the average Chinese worker received a pay increase (and the haven’t this year) of 0.8% nobody would claim that was a surge in their earnings.
Strong increase? 0.8% is “strong”?
In economics terms, 1 percent growth is considered very good. Yes, 0.8 isn’t 1 percent, but it’s pretty close.
orly?
Strong economic growth is typically defined as a GDP growth rate of 3% or higher. 2% can also be considered healthy, depending on the economic context.
“gdp is everything lol” We aren’t neoliberals.
“orly?” Do you usually talk like an insufferable Redditor?
We measure the improvement of material conditions of the working class. China serviced that far better than the west and their economic growth to maintain that ideal against a unprecedented trade war is indeed strong.
We still doing this? Let’s compare American manufacturing industry too while we stroke off about GDP…lmfao
Kindly follow the entire conversation if you want to argue. My comment was written to a false claim about economic growth analysis.
The working class in China is not seeing any improvement in their living standards right now, if that’s your argument.
0.8% is not a “surge”. If the average Chinese worker received a pay increase (and the haven’t this year) of 0.8% nobody would claim that was a surge in their earnings.