Yeah, until all those Chinese people try to get their money out in a few years.
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The US GDP has been about 1-2 percent growth the past two years, dismal. China’s GDP has been 5-7 percent growth the same period.
China has the economic growth to sustain their Yuan…..wait till they announce they are backing it with gold….stay tuned, it is also “ rumored” Russia will announce they will take gold as payment for oil….say good bye to the petro dollar. Stay tuned.
Sorry, I understated China’s growth.
“ BEIJING — China’s economy grew by 8.1% in 2021 as industrial production rose steadily through the end of the year and offset a drop off in retail sales, according to official data from China’s National Bureau of Statistics released Monday.
Fourth-quarter GDP rose by 4% from a year ago, according to the statistics bureau. That’s faster than the 3.6% increase forecast by a Reuters poll. For the full year, China economists expected an average of 8.4% growth in 2021, according to financial data provider Wind Information.”
The new world’s economic giant in the making.