🏆 China vs. EU: the battle for GDP!
China is on the verge of surpassing the entire European Union in GDP by 2025. What once seemed like a distant future is now a matter of a couple of quarters!
🔹 Facts:
— In 2023, China's GDP reached $17.7 trillion, while the EU's was $19.3 trillion.
— China's economy is growing faster: an average rate of over 5% per year, while the EU lags with modest 1-2%.
— In purchasing power parity (PPP), China has long been number one in the world.
💡 Why is this important?
📌 The global center of economic power is increasingly shifting to Asia.
📌 The European Union is losing growth momentum, bogged down by bureaucracy and an energy crisis.
📌 This will change the balance of power in global trade and finance.
Are we preparing for a new world order? 🌍
