{"id":1029,"date":"2021-09-27T06:52:49","date_gmt":"2021-09-27T06:52:49","guid":{"rendered":"http:\/\/www.china-qualityinspection.com\/blog\/?p=1029"},"modified":"2021-09-27T06:52:49","modified_gmt":"2021-09-27T06:52:49","slug":"in-the-first-half-of-this-year-the-us-economy-grew-by-6-5-and-chinas-economy-grew-by-12-7-narrowing-the-gap-between-china-and-the-us","status":"publish","type":"post","link":"https:\/\/www.china-qualityinspection.com\/blog\/index.php\/in-the-first-half-of-this-year-the-us-economy-grew-by-6-5-and-chinas-economy-grew-by-12-7-narrowing-the-gap-between-china-and-the-us\/","title":{"rendered":"In the first half of this year, the US economy grew by 6.5% and China&#8217;s economy grew by 12.7%, narrowing the GAP between China and the US."},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignnone  wp-image-1030\" src=\"https:\/\/www.china-qualityinspection.com\/blog\/wp-content\/uploads\/2021\/09\/C0A57BD15D68D00D45480DC9E36B5ED2-300x168.jpg\" alt=\"\" width=\"600\" height=\"336\" srcset=\"https:\/\/www.china-qualityinspection.com\/blog\/wp-content\/uploads\/2021\/09\/C0A57BD15D68D00D45480DC9E36B5ED2-300x168.jpg 300w, https:\/\/www.china-qualityinspection.com\/blog\/wp-content\/uploads\/2021\/09\/C0A57BD15D68D00D45480DC9E36B5ED2-768x430.jpg 768w, https:\/\/www.china-qualityinspection.com\/blog\/wp-content\/uploads\/2021\/09\/C0A57BD15D68D00D45480DC9E36B5ED2.jpg 950w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>The United States has been the world&#8217;s largest economy for 125 consecutive years. However, as the US is being bitten by inflation caused by excess liquidity in the market and burdened with $28.5 trillion in foreign debt, its economic prospects are not optimistic.<br \/>\nThe GDP gap between China and the US in 2020 is 6.2 trillion US dollars. According to the economic growth forecast of Goldman Sachs, a well-known investment bank, China&#8217;s GDP will reach 110.12 trillion yuan (about 17.05 trillion US dollars) next year, while the US&#8217;s GDP in 2021 will be about 22 trillion US dollars. The difference in GDP between the two is $4.95 trillion.<br \/>\nAs a result, China&#8217;s GDP gap with the United States has narrowed by $1.25 trillion (about 8.07 trillion yuan).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The United States has been the world&#8217;s largest ec &hellip; <a href=\"https:\/\/www.china-qualityinspection.com\/blog\/index.php\/in-the-first-half-of-this-year-the-us-economy-grew-by-6-5-and-chinas-economy-grew-by-12-7-narrowing-the-gap-between-china-and-the-us\/\" class=\"more-link\">\u7ee7\u7eed\u9605\u8bfb<span class=\"screen-reader-text\">In the first half of this year, the US economy grew by 6.5% and China&#8217;s economy grew by 12.7%, narrowing the GAP between China and the US.<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.china-qualityinspection.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/1029"}],"collection":[{"href":"https:\/\/www.china-qualityinspection.com\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.china-qualityinspection.com\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.china-qualityinspection.com\/blog\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.china-qualityinspection.com\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=1029"}],"version-history":[{"count":1,"href":"https:\/\/www.china-qualityinspection.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/1029\/revisions"}],"predecessor-version":[{"id":1031,"href":"https:\/\/www.china-qualityinspection.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/1029\/revisions\/1031"}],"wp:attachment":[{"href":"https:\/\/www.china-qualityinspection.com\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=1029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.china-qualityinspection.com\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=1029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.china-qualityinspection.com\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=1029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}