Dr Jacques COULARDEAU
1 min readMar 23, 2019

--

The Chinese economy has multiplied 30 times in thirty years. In 1988, China’s 12% growth produced 12 extra points for 100 basic units, hence reached 112 at the end of the year. In 2018 the 3,000 basic units corresponding to 100 x 30 expanded 6%, hence adding 180 extra points and reached 3,180. And the population over this period has been brought to something like stability with a very small expansion, essentially due to the expansion of life expectancy. I can read daily in the Western press the victorious announcement that China has reached the lowest growth rate since 1988, 6.2%. That’s purely blind and narrow. The per capita GDP in China in that period has been multiplied by something like 25 or 27 times. The West can choose to keep out of this maelstrom and stagnate or to work with this maelstrom and get beyond a 2% growth rate. Their choice. Guess what Germany, France, and other European countries are going to do, confronted as they are with the protectionism of the USA. No necromancer is needed.

--

--

Dr Jacques COULARDEAU
Dr Jacques COULARDEAU

Written by Dr Jacques COULARDEAU

Dr Jacques COULARDEAU, PhD in Germanic Linguistics (University Lille III) and ESP Teaching (University Bordeaux II) has been teaching all types of ESP

No responses yet