Article doesn’t go into it, but thats amid the trade war.
0.8% is a surge?
Given that there’s a trade war going on that aims to choke off China’s exports, that’s certainly a surge.
surge n 1: a sudden forceful flow [syn: {rush}, {spate}, {surge}, {upsurge}] 2: a sudden or abrupt strong increase; “stimulated a surge of speculation”; “an upsurge of emotion”; “an upsurge in violent crime” [syn: {surge}, {upsurge}]
a sudden or abrupt strong increase
If we’re doing this, a small surge during an economic trade war targeted mostly towards the country is quite strong. It is abrupt. Fits the definition well. I love lawyering.
Strong increase? 0.8% is “strong”?
In economics terms, 1 percent growth is considered very good. Yes, 0.8 isn’t 1 percent, but it’s pretty close.
orly?
Strong economic growth is typically defined as a GDP growth rate of 3% or higher. 2% can also be considered healthy, depending on the economic context.
“gdp is everything lol” We aren’t neoliberals.
“orly?” Do you usually talk like an insufferable Redditor?
We measure the improvement of material conditions of the working class. China serviced that far better than the west and their economic growth to maintain that ideal against a unprecedented trade war is indeed strong.
We still doing this? Let’s compare American manufacturing industry too while we stroke off about GDP…lmfao
