According to capitalism alone, China’s economy is worth $14 trillion dollars as of 2019. That is 80% owned by individual in the private sector. That compares to only 50% was owned by the private sector in the late 90’s and in 1978 it was 0% owned by the private sector.
What’s interesting is when we go back and look at China over the last 30 years China recently reported their third quarter Gross Domestic Product or, GDP, growth of 6%. That was the lowest year over year growth since the fourth quarter of 1989 or 30 years ago.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results.