Translation to English: Is the US GDP Faking! 50% More Than China, Yet 50% Less

Is the United States' economic data fabricated?

Last year, the United States' GDP was 27.3 trillion USD, while China's was 17.9 trillion, with the U.S. exceeding China by 52%. However, on the other hand, the United States' electricity consumption is only 50% of ours.

Is this possible?

What is the mystery in this data?

In fact, there have always been people who think that the U.S. GDP is inflated, but the U.S. does not agree.

Not long ago, the United States originally announced a second-quarter GDP annualized growth rate of 2.8%, which already surprised the outside world.

Unexpectedly, the U.S. felt that this was not enough and announced a revised figure, revising the second-quarter GDP to a growth of 3.0%.

But looking from the perspective of electricity consumption, we indeed feel that the United States uses too little electricity.

Electricity consumption has always been an important data reflecting a country's industry and even the overall economy, so our country's statistical departments also regularly announce changes in electricity consumption.

The data shows that the electricity consumption of China and the United States is the reverse of the GDP ranking between China and the United States. The United States' electricity consumption last year was less than half of China's, and India's was only about 1/4 of ours.Thus, many netizens have raised doubts: Why does the United States consume so little electricity, yet its GDP is significantly higher than China's?

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At present, China has surpassed the United States in certain aspects, especially in terms of its strong manufacturing and production capabilities.

Thanks to its vast population size, China has established the world's most powerful supply chain in just 44 years.

China's trade accounts for nearly 20% of the global share, and its electricity and oil consumption are also the highest in the world, all of which demonstrate China's industrial prowess.

In fact, China's electricity consumption is far greater than that of the United States, which only proves that China's industry is superior to that of the United States, and this is also greatly related to the United States' continuous relocation of manufacturing out of its own territory.

The economic problem faced by the United States is industrial hollowing out, which is almost inevitable for any developed economy.

As China's economy continues to develop, mid-to-low-end manufacturing will also gradually be transferred out. In recent years, some low-end industries have already migrated to Southeast Asian countries.

With economic development and the improvement of living standards, labor costs rise, and people naturally become less willing to engage in lower-level jobs.

Therefore, the industrial hollowing out in the United States is a normal process, and it is expected that in the next 10 years, China will also face similar issues.

So from this perspective, our electricity consumption in the future may no longer increase dramatically as it did in the past.So, where does the United States' robust GDP come from?

It primarily originates from the tertiary sector, which is the service industry, with a more concentrated contribution from the financial sector. These industries have a significantly lower demand for electricity compared to the secondary sector.

Therefore, judging whether the U.S. economy is falsifying data solely based on electricity consumption seems to be insufficient evidence.

However, this precisely reflects a significant challenge that the U.S. economy will face in the coming years.

In the past two years, continuous interest rate hikes attracted a substantial amount of financial speculative capital into the United States. But now, with the start of interest rate cuts, capital will flow out of the United States in large amounts.

It is estimated that the U.S. financial sector will experience a state of bleeding in the future.

Once the growth of the U.S. financial industry stagnates, the U.S. economy is very likely to experience a significant downturn.