Although there is no direct relationship between GDP and residents' income, it is indeed difficult for us to find an indicator that can better reflect the fundamentals of a country's economy than GDP.

The reason why we say that China is the world's second largest economy is mainly because its official GDP ranks second in the world.

On January 17, the National Bureau of Statistics released the economic bill for 2024. my country's economic growth rate in RMB terms was as high as 5%, and the total GDP in US dollars was approximately 18.41 trillion.

So how will the U.S. economy perform in 2024? Will the GDP gap between China and the U.S. widen or narrow?

1. The U.S. economy is on the verge of collapse

Although Wall Street has given an optimistic forecast for US economic growth, the US economy has in fact fallen into a crisis of collapse.

As we all know, the United States is a typical "consumer economy" and any factors that are unfavorable to consumption growth may sow the "seeds of collapse."

The U.S. job market is performing dismally.

The total number of non-farm jobs in the United States in 2024 will be approximately 2.2 million, a significant decrease of 800,000 from 2023.

If it weren't for the far-than-expected employment stimulus in December last year, the U.S. job market performance in 2024 would probably be even bleaker.

Obviously, factors such as the Russia-Ukraine conflict and the trade war have seriously affected the performance of the U.S. job market.

If Trump fails to solve the problem of promoting employment after taking office, the American people may lose their consumption power.

Inflation pressure in the United States is clearly exceeding the target.

Since the Federal Reserve began cutting interest rates in September last year, U.S. inflation pressure has clearly rebounded. In December last year, the U.S. CPI rose by 2.9%, and the inflation data exceeded the Fed's 2% target.

Considering that Trump has made it clear that he will impose tariffs on multiple countries after taking office, the inflationary pressure brought about by the "tariff war" will continue to curb US consumption growth.

The debt pressure in the United States is also difficult to resolve.

Now, not only has the total national debt of the US government exceeded the historical mark of 36 trillion US dollars, but the total debt of US households has also reached a very dangerous level.

Even a "business president" like Trump can only use the "Trump Coin" as a means of cutting leeks to resolve his personal debts.

For Americans, whose average debt exceeds $100,000, their days ahead will only get harder.

2. The truth about the economic gap between China and the United States

Even according to Wall Street's optimistic estimates, the US GDP will only reach 28.52 trillion US dollars after growing by 2.9%.

That is to say, in 2024, my country's GDP will account for about 64.55% of the United States, which is 0.36 percentage points lower than in 2023.

Although this is indeed a cliff-like gap compared to the 77% share in 2021, we have no reason to be discouraged from the following three aspects.

First, a strong purchasing power parity exchange rate.

The "US$18.41 trillion in 2024" we calculated above is the result of calculation based on the US dollar to RMB exchange rate given by the financial market.

Economist Justin Yifu Lin said that my country's GDP calculated using the "purchasing power parity exchange rate" surpassed that of the United States as early as 2014.

With Chinese manufacturing accounting for one-third of the world's production capacity, we can use less foreign exchange reserves to allow our people to live a better life.

Second, the “money prospects” of new quality productivity.

You must not regard new quality productivity as an invisible and intangible scientific concept. In fact, my country's foreign trade bill has fully reflected the rising momentum of new quality productivity.

According to data released by the General Administration of Customs, my country's total chip exports exceeded one trillion yuan in 2024.

It has surpassed traditional manufacturing products such as mobile phones, home appliances, and automobiles, becoming the best-selling "Chinese smart manufacturing" in the new era.

Third, the recovering demographic dividend.

The reason why many foreign media are not optimistic about the long-term trend of China's economy is mainly related to the impact caused by negative population growth.

Facts have proved that this worry is purely groundless. The number of births in my country in 2024 will reach 9.54 million, and the benefits of "dragon babies" are very obvious.

As the number of births continues to grow, policies to stimulate consumption can be more effective.

The labor costs of manufacturing in China can also continue to decline, which is a huge benefit for us to realize the dream of great rejuvenation.

3. How to get rich in 2025

It is only a matter of time before China surpasses the United States. We don't need to worry too much about this issue.

For ordinary people, what they should really care about is how to seize the opportunities to get rich in 2025. So, what are the opportunities to get rich in 2025 that are worth paying attention to?

The first is the experience of getting rich by stimulating consumption.

The "Two New National Subsidies" policy introduced in January this year has included small consumer goods such as mobile phones and small household appliances in the subsidy scope, which will greatly increase people's enthusiasm for consumption.

Not only can we take this opportunity to purchase some of the goods we need, but friends who are able can also consider opening a mobile phone store or home appliance store, so that they can share the policy red envelopes for consumption subsidies.

The second is the experience of getting rich from the recovery of the capital market.

In the past year of 2024, the global capital market performed relatively strongly, and the overbought risks of US and Japanese stocks have become very prominent.

my country's capital market is currently in a valuation trough. As the "moderately loose monetary policy" is gradually implemented, the liquidity assets released by the central bank will sooner or later enter the capital market.

Friends who plan ahead can feel the benefits of the "opening the floodgates" policy.

There is also the story of how to get rich by seeing the real estate market stop falling and stabilize.

According to data released by the National Bureau of Statistics, the average transaction price of new homes nationwide in 2024 will be about 9,935 yuan per square meter, a decrease of about 4.8% compared to 2023.

Although the real estate market winter has not yet ended, as the country continues to lower mortgage rates and down payment ratios, the first- and second-tier real estate markets are showing signs of recovery. Buyers who have just bought a house should not just wait.

Finally, here is the story of how to get rich through artificial intelligence.

It now seems that even if Trump comes to power, the United States will not easily relax its suppression of my country's AI industry.

This means that my country needs to persist in independent research and development for a long time, and related industries including chips, artificial intelligence, and large models will receive continuous financial support.

College students should give priority to emerging industries related to artificial intelligence.

It is an indisputable fact that the GDP gap between China and the United States is narrowing, but we must not sit back and wait for the country to adopt policies that support lazy people with high welfare.

In the new era of China's continued economic transformation, we must accurately grasp the direction of monetary, fiscal and industrial policies and choose industries that can share the policy dividends.

If you choose a sunset industry that is about to be eliminated, then even if China's GDP jumps to the first place in the world, it will be difficult for you to live a life of prosperity.

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"China's GDP will grow by 5% in 2024, reaching 18.41 trillion US dollars. Will the gap with the United States widen?"

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