INFOGRAPHIC: China’s growth into an economic superpower | ICT Business | TechBuzz

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INFOGRAPHIC: China’s rise into an economic superpower


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The shortage of components affects the production chain, primarily due to the strict measures implemented by China in recent months due to the new wave of coronavirus, and this clearly suggests how dependent the entire world is on the opportunities in the most populous country.

Namely, it is no secret that it is the largest supplier of goods, but something like that did not arrive overnight, it has been worked on very precisely, targeted and efficiently for the last several decades. The situation is now that China accounts for 18.8 percent of global GDP, when we look at purchasing power parity (PPP). 20 years ago, it was only 8.1 percent.

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At the same time, the United States accounted for 19.8 percent of world GDP in 2002, and now it accounts for 15.8 percent. Although unreal at the moment, the European Union was the most powerful with 19.9 percent of GDP 20 years ago, but currently it is at 14.8 percent.

Unfortunately for these two regions, the gap behind China will only continue to increase as they are threatened with recession, which the Chinese have no problem with. On the contrary, they are forecasted to have mid-single-digit growth on an annual basis…

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