The Chinese economy experienced astonishing growth in the last few decades that propelled the country
to become the world’s second largest economy. Historically, China’s growth miracle has been remarkable.
In the 30 years to 1990, the money GDP for China and the US in American dollar terms grew more or less
in tandem at just over 6% and 8% per annum, respectively. But in the next three decades, China’s GDP
growth doubled to more than 13%, while the US’s halved to 4.5%.
China Economic Outlook 2022
SFB
22/02/2022