Is the economy of China tanking?

China’s economy still grows pretty fast.

India 7.1

China 6.7

United states 1.8

And considering China’s economy is the largest in the world. 6.7 percent growth is a lot of growth.

Dec 5, 2016 - Both the IMF and the World Bank now rate China as the world's largest economy based on Purchasing Power Parity (PPP), a measure that adjusts countries' GDPs for differences in prices.

China Just Overtook The US As The World's Largest Economy

Mike Bird

Oct. 8, 2014, 5:08 AM

REUTERS/Shannon Stapleton

Sorry, America. China just overtook the US to become the world's largest economy, according to the International Monetary Fund.

Chris Giles at the Financial Times flagged up the change.

India is currently the world’s fastest growing major economy at 7.1 percent. India loses a lot of money due to trade deficits. They lose about 136 billion dollars worth of Rupees a year due to trade.

These two goods are constituting 53% total imports, 34% total exports and nearly 100% of total trade deficit (136 billion US$) of India in the financial year 2013-14.

But as long as India can print Rupees faster than they lose Rupees through trade. And assuming the world accepts this. Which I dont see why not. India’s economy can continue its current pace.

The reason China doesnt try to print Yuan faster than India prints Rupees in order to pull out ahead of India’s annual growth rates is because the Chinese govt has its own monetary goals. Currently, its to keep inflation below 2 percent.

China's consumer price inflation edged up to 1.9 percent year-on-year in June of 2018 from 1.8 percent in the previous month and matching ...

India however is willing to sacrifice to inflation in order to maintain high economic growth rates.

India Inflation Rate Down to 10-Month Low of 3.69% Annual consumer inflation in India declined to 3.69 percent in August of 2018 from 4.17 percent in July and below market expectations of 3.86 percent. It is the lowest inflation rate since October of 2017, mainly due to a sharp slowdown in food cost.

Comments

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