General

The trade deficit between China and the United States has reached 7 trillion yuan, and Japanese think tank: China's GDP may not be able to catch up with the United States! From the $9.04 trillion gap in 2000, the United States is now the world's second largest economy, and after 22 years of effort, this gap has been narrowed significantly. What factors are causing the trade deficit between China and the United States to reach 7 trillion yuan in 2022?

1、 The repeated outbreak has had an impact on the economy

The trade deficit between China and the United States has reached 7 trillion yuan, and Japanese think tank: China's GDP may not be able to catch up with the United States! The pandemic in the past three years has had a huge impact on our country, and many industries and departments have been greatly affected, even unable to operate normally. Many physical stores and restaurants are closing down, and many industries are unable to operate normally. That's why our country's GDP in the first half of 2022 was only half that of the United States, which is a large number.

In this situation, there is a lot of pressure on those who open a store, not only the rent of the store, but also the expenses of water, electricity, fire protection, sanitation, etc., which are all significant expenses. People rarely go out to buy things anymore.

Buying too much can easily lead to infection, so everyone goes out to buy things every three days. In addition, the decline in consumption ability has led to the slower growth rate of the real economy.

The trade deficit between China and the United States has reached 7 trillion yuan, and Japanese think tank: China's GDP may not be able to catch up with the United States! According to incomplete data, approximately 460000 companies went bankrupt in the first half of 2022, which is a chilling figure, but more importantly, this situation will continue. In the context of a continuous increase in fiscal deficits and inflation, as well as a continuous decline in consumer demand, the business of physical stores will be very sluggish in the short term, and there is a high possibility of bankruptcy due to poor management.

But now, in the face of this epidemic, its impact is becoming smaller and smaller. During the Chinese New Year, there is a significant increase in traffic and signs of recovery in various industries. As time goes by, the entire country's economy is slowly recovering.

2、 Monopoly technology, relying on imports

The technology of Western countries is leading globally, but they have teamed up with Japan and the Netherlands to restrict China's technology and hinder its economic growth. Especially imposing sanctions on Huawei, which will have a comprehensive impact on the Chinese economy.

The United States uses the method of "decoupling theory" to indirectly restrict China's economic development from a technical perspective and comprehensively suppress China. High tech competition is a major obstacle to China's economic development, coupled with layoffs by internet companies, which has had a significant impact on the development of high-tech industries, such as the IT industry.

The trade deficit between China and the United States has reached 7 trillion yuan, and Japanese think tank: China's GDP may not be able to catch up with the United States! Our country invests a large amount of funds every year, and it is impossible to develop our own advanced chips. Chips are the key to technology, especially in the transformation of companies. This is also why many countries are unwilling to sell their chips abroad.

Enterprise transformation relies on scientific and technological progress, especially in the high-end manufacturing industry that leads national economic growth. But our country is also doing this, we are also doing it, and we have talent introduction. We want to invite some talented people from overseas to come back and assist us in making chips. If we can make progress on chips, we can leap to become the world's number one.

The trade deficit between China and the United States has reached 7 trillion yuan, and Japanese think tank: China's GDP may not be able to catch up with the United States! Our chip technology has made significant progress, but it is still on the way forward. Although the policies of the United States have limited technological progress and China's economic development, we are still moving forward and constantly overcoming difficulties. To continue moving forward, we can break the monopoly of the West, focus on chips, and take Huaxia's enterprises to the next level.

3、 Changes in exchange rates

The United States continues to raise interest rates, causing the US dollar to appreciate while currencies in other regions continue to depreciate. It is for this reason that the United States has become the largest hard currency in the world, which has led to the continuous rise of the dollar, while the currencies of other countries have been falling. But if the Gross Domestic Product is compared to the US dollar, the conversion of the RMB will cause the Gross Domestic Product to decrease during the conversion process.

In the real growth of gross domestic product, inflation is not included, and prices in the United States have risen. Therefore, the growth of gross domestic product is closely related to the nominal growth of gross domestic product. There is a significant gap in the nominal growth rate of gross domestic product, which is why our country has such a large gap.

Inflation in the United States remains high, with prices skyrocketing. The inflation rate in the United States has exceeded 8%, and it has also raised interest rates, allowing other countries' currencies to decline while the US dollar continues to rise.

But by 2023, it will be difficult to maintain the sustained rise of the US dollar, and inflation will also have a negative impact on it. During this year, China was also fully open, and the recovery momentum of economic development was very strong.

ending:

If the calculation method for converting to GDP is different, then there is no comparative significance. For most people, that's just a number, they don't understand what GDP is, and food, clothing, housing, and transportation are the top priority.

In the process of economic development, the problem we need to solve is how to narrow the wealth gap and enable everyone to support themselves. He is confident that once the epidemic is lifted, all industries will be greatly developed and the GDP gap with the United States will be narrowed.