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From Audio: FTM 382: Why China Is Winning

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station description Follow the Money Radio brings you the most cutting-edge commentary on economic and ... read more
Follow the Money Weekly Radio
Duration: 01:31
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a stunning development that many people did not expect to actually happen this quickly. The fact that the that China would overtake the U. S. As the world's leading destination for for FBI or foreign direct investment. That's huge. And this is just one metric that we have seen recently showing that China is winning. If this is an economic race which apparently the United States thinks that it is, and of course China does as well, then China is winning. 2020 was a really great year for China. In fact, Chinese stocks outpaced the United States. This Chinese stock market outperformed the U. S stock market in 2020 despite all of the incredible, uh, money supply that was, you know, created out of thin air by the Federal Reserve. Despite all of the monetary policy and even the fiscal policy that was promoted here in the United States and interest rates at zero practically still, China's stock market with a 4% interest rate, by the way in China outperformed the U. S stock market in 2020. So to China, uh enjoyed a record trade surplus in 2020. It had never seen so many exports its exports reached an all time high of $2.6 trillion in 2020. And that was despite that bitter trade war, with President Donald Trump on DSO again record surplus here for China also, China enjoy.
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