Vince Dhimos answered a question at Quora. BTW, have you noticed how most of these questions contain false assertions? That is your msm hard at work.
Q: HOW DOES THE US MAINTAIN THE STRONGEST ECONOMIC GROWTH AMONG DEVELOPED NATIONS EVEN THOUGH IT INVESTS A MUCH SMALLER SHARE OF GDP IN INFRASTRUCTURE?
Vince Dhimos, Editor-in-Chief at New Silk Strategies (2016-present)
Westerners generally make the same assumptions, including the false one you made in this question.
You are confusing growth of the economy with jobs growth and stock market bubble. The stock market growth is a reflection of a dangerous bubble that is expected to pop one of these days, plunging the US into a recession. Stock prices are not used in calculating economic growth or GDP. As for the jobs growth, it does not match the low shipping statistics, indicating that these new jobs may not last long. Also remember that shale oil and gas are the bulk of the new jobs, but shale has been going bust. As Oil Prices Drop And Money Dries Up, Is The U.S. Shale Boom Going Bust?
This means investors are dropping out of the shale game and these jobs too are threatened.
The US does not have strong growth. It hovers around 1–2% of GDP, but that is only because the government tweaks the statistics. If they are adjusted for real inflation, there has been zero growth since about 2009.
China, however, which we are indoctrinated to believe is a loser, has had growth of around 7% for many years, though is now down to 6.1% thanks to the trade war. Thus it has slowed just a tad recently in the wake of harsh measures, but China does not intend to let the trade war slow it down too much. Trade with the US is not what shores up the Chinese economy. It amounts to less than 1% of China’s GDP.
BTW, the losses in GDP in the US and China due to the trade war are about the same. No one ever “wins” a trade war.