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Musk and Dalio engage in a heated debate: Which is the biggest Consumer of manufactured goods, China or the USA?
Tesla CEO Elon Musk drew attention on Tuesday to a set of economic data. This data indicates that measured by purchasing power parity, China's economic growth rate significantly exceeds that of the USA and the EU. Musk wrote on X: "This is a surprise to most people." He cited data from xAI's Grok chatbot, which predicts that by 2025, China's GDP will reach approximately 35.29 trillion dollars in terms of purchasing power parity, compared to 28.78 trillion dollars for the USA and 21.99 trillion dollars for the EU. This data shows that China's economy, adjusted for domestic purchasing power, is 1.23 times the size of the USA's.
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