The well known negative US versions and reports about China - you guys are simply living in a dreamworld
FYI - I am living and working in China, now for more then 25 years.
VW Nanjing belongs to SAIC Group - they TRANSFERRED the VW Passat production to Shanghai, and moved the MG production from Shanghai to Nanjing.
China didn't take a hit due to foreign companies leaving - (
since they can't compete against Chinese companies - see below), but due to COVID quarantines lasting 2 years and more throughout China.
Jan. 2025:
VW Group loses China sales crown to Chinese maker BYD
US growth rate in 2024 was
2.8%
UK in 2024 was 0.8%
Germany in 2024 was 0.4 %
Japan in 2024 was -0.2 %
Canada in 2024 was 2.4%
Australia in 2024 was 0.8%
China growth rate in 2024 was
5%
Global growth is projected to stay at 3.1 percent in 2024 and rise to 3.2 percent in 2025
Which country has the best economy in 2024?
There’s two rival groups wrestling for influence within the 20 largest economies. Here’s who they are and how they compare.
www.visualcapitalist.com
View attachment 1075536
Ranked: G20 Countries, by PPP-Adjusted GDP (2024)
| Rank | G20 Member | PPP-adjusted GDP (2024) in International dollars |
|---|
| 1 | China | $37.1T |
| 2 | U.S. | $29.2T |
| 3 | India | $16.0T |
| 4 | Russia | $6.9T |