US can’t overcome manufacturing gap with China
US can’t overcome manufacturing gap with China | The Strategist
The United States should not kid itself. It will not recover its manufacturing position from China in any foreseeable future. According to World Bank data, in 2024 the US’s GDP of US$29.2 trillion was 60 ...Samir Tata (The Strategist)
Pissed
in reply to ☆ Yσɠƚԋσʂ ☆ • • •So what, all our economies are built on a fake immaterial model. Until I see the magic bullet that can stop climate change none of this seems like good news to me almost every single country on earth is going to miss it’s climate goals, if we want an example of an interesting economy we should probably look at Bhutan or something.
climateactiontracker.org/count…
China
climateactiontracker.org☆ Yσɠƚԋσʂ ☆
in reply to Pissed • • •There is no silver bullet, it's about doing what we can to transition off fossils as fast as possible. Latest analysis sees 25% global emission reduction by 2035, consistent with a 1.7 °C pathway, with 90% of emission cuts coming from power sector cleanup and widespread electrification.
rystadenergy.com/insights/upda…
Updated climate targets could deliver a 25% reduction in global CO2 emissions
Rystad EnergyPissed
in reply to ☆ Yσɠƚԋσʂ ☆ • • •☆ Yσɠƚԋσʂ ☆ doesn't like this.
☆ Yσɠƚԋσʂ ☆
in reply to Pissed • • •You're just projecting here. If the standard of living of the regular people didn't matter to the party, then these sorts of things would not be happening in China today.
90% of families in the country own their home giving China one of the highest home ownership rates in the world. What’s more is that 80% of these homes are owned outright, without mortgages or any other leans. forbes.com/sites/wadeshepard/2…
The real (inflation-adjusted) incomes of the poorest half of the Chinese population increased by more than four hundred percent from 1978 to 2015, while real incomes of the poorest half of the US population actually declined during the same time period. nber.org/system/files/working_…
Real wage (i.e. the wage adjusted for the prices you pay) has gone up 4x in the past 25 years, more than any other country. This is staggering considering it’s the most populous country on the planet.
From 1978 to 2000, the number of people in China living on under $1/day fell by 300 million, reversing a global trend of rising poverty that had lasted half a century (i.e. if China were excluded, the world’s total poverty population would have risen) semanticscholar.org/paper/Chin…
From 2010 to 2019 (the most recent period for which uninterrupted data is available), the income of the poorest 20% in China increased even as a share of total income. data.worldbank.org/indicator/S…
Chinese household savings hit another record high in 2024 wsj.com/livecoverage/stock-mar…
Student debt in China is virtually non-existent because education is not run for profit. forbes.com/sites/jlim/2016/08/…
The typical Chinese adult is now richer than the typical European adult businessinsider.com/typical-ch…
If you want to contrast with a country where the elites don't care about the people, then look no further than India. Both countries started roughly at the same level of development back in the 50s and the difference today could not be more stark.
Even from purely selfish perspective, it's obvious that social stability is what allows the elites to enjoy their life style. A social collapse would not be good for them. While the US is run by imbeciles without any vision, that doesn't mean China is. The reality is that despite that chart you linked, China is making by far the most progress of any country in transitioning of using fossil fuels.
China’s carbon emissions have been in a structural decline since 2023 theguardian.com/business/2023/…
Clean energy was top driver of China’s economic growth in 2023 carbonbrief.org/analysis-clean…
China installed more solar in 2025 than rest of the world combined electrek.co/2025/09/02/h1-2025…
China’s solar capacity surges; predicted to top 1 TW by 2026 rystadenergy.com/news/china-s-…
China is also building out nuclear at a breakneck pace economist.com/china/2023/11/30…
New energy vehicles account for 77.6% of China's public transport system shine.cn/news/nation/240308998…
Not only that, but they're also actively exporting tech like solar panels around the world. So, countries like Pakistan are now decarbonizing as well cnn.com/2025/05/01/climate/pak…
We are headed for difficult times ahead, but some countries will face these challenges collectively and their societies will come together, meanwhile others will tear themselves apart.
H1 2025: China installs more solar than rest of the world combined
Michelle Lewis (Electrek)Pissed
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in reply to Pissed • • •