How China Became The Big Winner From The 2020 Crisis

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In this video we show you how the 2020 crisis has helped China in the race to be the global superpower of the world...

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There is no secret that the USA and China are in close competition for being the superpower nation of the world. For the past 10 or so years the battle between who’s economy will be the strongest is taking place.

Now generally speaking throughout our generation’s history the answer to that question has always been the USA. And is still at the moment the USA.
However if you look back over the past 5 or so years, it seems that that pattern is changing. And the answer to the question of who has the strongest economy might soon be China. Especially after this crisis, this illness, that we’ve all faced. Let me explain…

The battle for the strongest economy. First of all we need to know how to measure this. The number one indicator that is normally used is something called GDP. Gross domestic product. Basically it measure how much is a country producing in one single year.

Right now, the country that is producing the most, is the United States of America. Currently they produce $21.4 trillion dollars in terms of output.
The 2nd most, well I’m sure you know the answer to that. It’s China. They currently produce $14.1 trillion dollars in terms of GDP.
If we look at that in percentage terms with regards to the total economy, we see that the U.S holds 23.6% of the economy, whereas China is around 15.5. The next largest competitor, which is Japan, is sitting at 5.7%. So it’s really only a 2 horse race. Betweeen the USA and China. (1)

Now the interesting thing about this race between the 2 countries, is 10 years ago, the gap was a lot larger… USA was by far the biggest economy.
I mean in 2006 the USA had GDP of around $14 trillion whereas China had $3 trillion. And then as times have gone along, as you can see from this graph, the gap has been decreasing and China has been on the catchup… But the USA they’re still ahead by a decent amount, and as you can see they’re been growing at a fast pace as well recently. Until, this change of events in 2020…

And well you guys all know what’s happened in 2020. Basically a illness that originated in China spread throughout the whole world and caused, a bunch of illnesses and of course a lockdown.

Now if you take a look at the statistics this illness affected the USA way worse than China. The USA has so far has had a total of 1.9 million cases. If we look at China, they’ve only had 83,000. So the USA has had more than 20 times the amount of cases compared to China’s.

Considering that China has more than 4 times the total population of the USA this is very weird. I mean generally speaking you would expect them to get 4 times more the amount of cases. However what’s happened is they’ve had 20 times less cases than the USA and China was the original country in which it originated.

So it’s pretty clear to see that when you look at the statistics, the USA has been far greater affected compared to China.

And this is going to be the same economically as well. If we look at what the statistics tell us, China is still slowed down by the global crisis. Yet, there economy is still expected grow by 1% in 2020. However if you look at the USA’s economy that’s set to shrink by 6% in 2020. That’s worse than the global 3% decline in growth.

So in the race for whose going to be the economic superpower of the world, this 2020 crisis, is helping China in that race. It’s a real shame to see, that the country who got affected the worse, the USA, the illness didn’t even originate in that country.
And before this 2020 crisis the US were going so well in terms of economic growth. People were spouting the USA’s economy to be the best that they’ve ever seen!

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DISCLAIMER: It's important to note that I am not a financial adviser and you should do your own research when picking stocks to invest in. These are just some of my viewpoints, by no means would I recommend watching one YouTube video and then immediately buying that stock. This video was made for educational and entertainment purposes only. Consult your financial adviser.