Gundlach on China: 'The strongest economy in the world by far has been China'

[beijingwalker]

Gundlach on China: 'The strongest economy in the world by far has been China'
Yahoo Finance's DoubleLine Capital Founder & CEO spoke with Yahoo Finance's Julia LaRoche about the US economy compared to China.

 

[Menthol]

Pretty much agree.

In many economic indicators, it's China the number 1.

From the manufacturing, infrastructure buildup, up to the financial.

Except the people is still much poorer than American.

 

[Beast]

If China allows it Yuan to appreciate or exchange freely in market. China would have been world number one economy 10 years ago...

Pretty much agree.

In many economic indicators, it's China the number 1.

From the manufacturing, infrastructure buildup, up to the financial.

Except the people is still much poorer than American.

I dont think Chinese are much poorer compare to American in terms of living standard. The income gap between rich and poor is much serious in USA than China,

In China , CCP gives free housing to minority poor in rural area. While in USA, you can dream 100 years and it will never happened.

 

[beijingwalker]

He is basically saying that US prints and borrows money to buy Chinese goods, the money US borrows eventually ends up in China and this is the cycle.

 

[Beast]

He is basically saying that US prints and borrows money to buy Chinese goods, the money US borrows eventually ends up in China and this is the cycle.

US do still manufacture goods like airliner and export chips plus selling war machine.

 

[antonius123]

Pretty much agree.

In many economic indicators, it's China the number 1.

From the manufacturing, infrastructure buildup, up to the financial.

Except the people is still much poorer than American.

Except 1 ... contribution from "service sector" to GDP that US still leads. That makes US GDP still the largest.

 

[Unknown-V]

Gundlach on China: 'The strongest economy in the world by far has been China'
Yahoo Finance's DoubleLine Capital Founder & CEO spoke with Yahoo Finance's Julia LaRoche about the US economy compared to China.

Judging by PPP and forex reserves, indeed China is the largest in the world. But the number of per capita is relative small compared to developed countries.

 

[MultaniGuy]

Gundlach on China: 'The strongest economy in the world by far has been China'
Yahoo Finance's DoubleLine Capital Founder & CEO spoke with Yahoo Finance's Julia LaRoche about the US economy compared to China.

Good. Pax Americana is over.

Hopefully it will be an Asian Century now.

 

[Menthol]

Judging by PPP and forex reserves, indeed China is the largest in the world. But the number of per capita is relative small compared to developed countries.

I'm still wondering...

Some Eastern European countries, ex-communists, so easy to reach USD +10.000 per capita, while we never heard great companies from them to generate big profit to make their people have good enough living standard.

While for other countries, decades of struggle, having so many huge companies, but still, most of the people are poor.

 

[nufix]

I'm still wondering...

Some Eastern European countries, ex-communists, so easy to reach USD +10.000 per capita, while we never heard great companies from them to generate big profit to make their people have good enough living standard.

While for other countries, decades of struggle, having so many huge companies, but still, most of the people are poor.

Those countries have population numbers that are smaller than many Asian countries. GDP per capita is GDP divided by population, so the smaller your population is, the easier for you to reach high GDP per capita, at least on paper. Furthermore, per capita growth of many Asian countries is hampered by high birth rate, so you will end up with lower GDP per capita growth compared to the growth of the GDP.

Anyway, since many of those countries are member of EU or Schengen, commodity prices are about the same in Eastern Europe and Western Europe. This means that USD 10,000 per capita does not automatically mean prosperity since 10,000 USD is equal to about 8000-ish EUR and that is the average annual budget of students in Germany, that is only enough for a room in a shared flat and basic necessities. I'd rather earn 5,000 USD in Indonesia than 10,000 USD in East Europe. At least with 5,000 USD (70 million annually), depending on the location, I could buy a small landed house or a government subsidized landed house.

 

[letsrock]

Well the world is willing to lend to usa at zero or near zero interest rates. If us is indeed collapsing then why are they willing to lend at such low rates - that includes china maybe.
its stupid for usa not to consume and enjoy a high consumption life and use this life as lure for high quality immigrants and capita when the world works for its paper and then again gives back the paper back to usa at zero interest rates.

 

[Beidou2020]

Except 1 ... contribution from "service sector" to GDP that US still leads. That makes US GDP still the largest.

Service sector is made up of expensive healthcare.

 

[+4vsgorillas-Apebane]

Gundlach on China: 'The strongest economy in the world by far has been China'
Yahoo Finance's DoubleLine Capital Founder & CEO spoke with Yahoo Finance's Julia LaRoche about the US economy compared to China.

Dt

Service sector is made up of expensive healthcare.

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