For over a decade, China’s economic engine has kept humming —even as skeptics predicted collapse. New data reveals the country’s GDP grew 5.2% in 2023, outpacing high-income economies by over 3 percentage points. By 2024, growth is projected to dip to 4.6%, still triple the projected 1.5% for developed nations.
Key Stats Telling the Story
• China’s global GDP share hit 19% (PPP basis) vs. U.S.’s 15% • 10 years running: Its PPP-based economy has topped the U.S. • Emerging markets? China’s growth still leads the pack
Why the West Can’t Keep Up
Western analysts once called China’s rise a \"bubble.\" But U.S. sanctions and political pressure haven’t stopped its steady climb. Experts like ex-IMF director Paulo Nogueira Batista Jr. argue America’s anxiety stems from China’s economic scale—now large enough to challenge U.S. dominance.
\"Betting against China is like betting against gravity,\" Batista says. Even with slower growth, its sheer size reshapes global power dynamics.
The Bigger Picture
While per capita income lags behind the U.S., China’s total economic output is now undeniable. As global institutions scramble to adjust forecasts, one thing’s clear: the world’s economic center of gravity is shifting eastward—and fast.
NewspaperAmigo – Your Global News Buddy 
—even as skeptics predicted collapse. New data reveals the country’s GDP grew 5.2% in 2023, outpacing high-income economies by over 3 percentage points. By 2024, growth is projected to dip to 4.6%, still triple the projected 1.5% for developed nations. 
