The true strength of China’s GDP may no longer be hidden, and some people in the United States have begun to doubt it…Mitch A. Presnick, visiting scholar at the Fairbank Center at Harvard University and founder of Super 8 Hotels China, wrote on Twitter:

中國GDP的真正實力可能真的“藏”不住了，美國有人已經開始懷疑了……

哈佛大學費正清中心訪問學者、速8酒店中國創始人柏力 Mitch A. Presnick 在推特上寫道：

“China’s PPP GDP is only 25% higher than the US? Come on guys… Who are we kidding? (Is he saying that Americans are kidding themselves?) Last year, China generated twice as much electricity and twice as much steel as the US. China produces 12.6 times more steel than the United States, and 22 times more cement than the United States. Chinese shipyards account for more than 50% of world production, while the United States produces negligible amounts. In 2023, China produced 30.2 million cars, almost three times the 10.6 million in the United States.

“中國的 PPP GDP僅比美國高 25%？拜託大家……我們在騙誰呢？（他是不是說美國人自己在自欺欺人？）去年，中國發電量是美國的兩倍，鋼鐵產量是美國的12.6倍，水泥產量是美國的22 倍。中國造船廠占世界產量的50％以上，而美國產量微不足道。2023 年，中國生產了 3020萬輛汽車，幾乎是美國1060萬輛的三倍。

“On the demand side, China sold 26 million cars last year, 68% more than the 15.5 million sold in the U.S. Chinese consumers bought 434 million smartphones, three times the 144 million in the U.S. As a country, China consumes twice as much meat as the United States and eight times as much seafood (author adds: China’s per capita protein intake exceeds that of the United States). Chinese consumers spend twice as much on luxury goods as American consumers. “

PPP GDP is GDP adjusted by purchasing power parity, taking into account differences in price levels among countries.

A bunch of stupid public intellectuals in our country say on the Internet every day that China’s consumption power is very weak, and that China’s consumption power is weak because the proportion of household consumption is too low (they say that household consumption accounts for only 38% of GDP), and that it should be To learn from the United States’ reliance on consumption to “drive” economic growth, we should lower the investment rate and increase the proportion of consumption in GDP (consumption rate).

In 2023, China’s total retail sales of consumer goods will be 47.5 trillion yuan, and its GDP will be 126 trillion yuan, which means that the total retail sales of consumer goods will account for 38% of GDP. What about the large amount of service consumption by the resident sector in education, medical care, etc.? It’s just that not all of them are included in the residents’ consumption statistics!

China’s industrial output value is twice that of the United States, and China’s consumption of various commodities on average is also almost twice that of the United States.

Production is the premise and foundation of consumption. Without strong production capacity, how can there be strong consumption capacity? If we cannot strengthen our production capacity, how can we ultimately strengthen our consumption capacity?

If the investment rate is reduced like the United States, it is equivalent to a farmer selling his oxen for farming or a carpenter selling his axe. In this way, their future income will be reduced, and then they will have to wait for a while before they can increase their consumption. A good cook cannot cook without rice!

“在需求方面，去年中國汽車銷量為2600萬輛，比美國1550萬輛的銷量高出68%。中國消費者購買了4.34億部智能手機，是美國1.44億部的三倍。作為一個國家，中國消耗的肉類是美國的兩倍，海鮮是美國的八倍（筆者補充：中國人均蛋白質攝入量超過美國）。中國消費者在奢侈品上的支出是美國消費者的兩倍。”

PPP GDP‌👉是考慮了各國物價水平的差異，通過購買力平價調整後的GDP。

我們國內的一幫傻公知，天天在網上說中國的消費力很弱，又說中國的消費力弱是因居民消費占比過低（說居民消費占GDP比重只有38%），還說應該要學美國依靠消費“拉動”經濟增長，應該要降低投資率，提高消費占GDP比重（消費率）。

2023年中國社會消費品零售總額是47.5萬億元，GDP為126萬億元，也就是說社會消費品零售總額占GDP比重都有38%。那居民部門還有大量的在教育、醫療等方面的服務消費呢？只不過是沒有全部納入居民消費統計而已！

中國的工業產值是美國的兩倍，中國的各類商品的消費量平均算起來也差不多是美國的兩倍。

生產是消費的前提和基礎，沒有強大的生產能力又何來強大的消費能力？如果不能強大生產能力，最終又如何能夠強大消費能力？

像美國那樣降低投資率，那就相當於一個農民把自己耕地的牛賣了，一個木匠把自己的斧頭給賣了，這樣他們將來的收入就會降低，到時他們再想提高自己的消費就是巧婦難為無米之炊了！