Part 4/10:
The disparity between the consistent growth reported in China’s currency versus the stagnant GDP noted in U.S. dollar terms raises questions. The World Bank data reflects this stagnation due to fluctuating exchange rates. Consequently, although China's economy steadily grows in yuan, the yuan-to-dollar exchange rate can distort the GDP figures when measured in dollars.
Comparatively analyzing annual GDP growth rates reveals that China has consistently outpaced the United States from 2000 to 2023, despite observing a slowdown in recent years. For instance, China grew by 3% in 2022 and 5.2% in 2023, still exceeding the expected U.S. growth rate of 2.7% for 2024.