Thursday, January 24, 2019

When is China's growth enough?

When it was recently announced that China's GDP “only” grew by 6.4% for 2018, instead of 6.9% the year before stock markets the world over took it in the chin.

While more than 300 million Chinese are now part of the middle-class, there is still more than one billion of them living in poverty, so, on paper, it might make sense that China's growth be over the USA's 2.5% rate or the entire planet's 3% growth.

If the idea is that the whole world should access full development status, we are likely to bring the planet to its knees or more simply, kill it altogether.

World's population is currently over 7,679,000 people and still growing at a rate of more than 1% per year.

This may seem small, but with an increase of over 80 million per year, we're on our way to reach the 10 billion mark by 2055, so if some still China growth isn't big enough, they should begin to accept massive decrease, both in GDP growth and population if they wish to leave a livable planet to their grand-kids!

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