“White House Gaffe Names Xi as President of Taiwan, Not China”

That’s from Bloomberg. Ya gotta wonder who’s running the show there.

For the sake of concreteness, here is a time series plot of GDP (in PPP terms, current international dollars) for the People’s Republic of China, Taiwan, and US.

Figure 1: GDP in billions of current international dollars, for US (blue), People’s Republic of China (red), and Taiwan, also known as Republic of China (green). Source: IMF, World Economic Outlook database, April 2017.

For those interested in bilateral trade balances, the 2016 US-China trade balance was -$347,016.0 million. The US-Taiwan balance was -$13,210.8 million.

In addition, “Frederick Douglass is an example of somebody who’s done an amazing job and is being recognized more and more.”

2 thoughts on ““White House Gaffe Names Xi as President of Taiwan, Not China”

  1. 2slugbaits

    Well, perhaps this is how the Trump White House understands our longstanding “one China policy.”

  2. PeakTrader

    China’s GDP growth is an illusion. Consumption fell from 45% to 36% of GDP in the past decade. What the Chinese do best is corruption, crony capitalism, misallocate resources, cause negative externalities, prevent creativity, create inefficiency, and export much of its GDP.

    The negative externalities are huge from the “growth at any cost” policy, and offset several percent from 6% or 7% annual GDP growth. And, per capita income is low for the masses, which need many trillions of dollars of support.

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