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Since my country joined World Trade Organization , our economy has grown rapidly, not only surpassing Japan and Germany, but also following the United States' tail and becoming the world's second largest economy. I believe many people want to know how much worse our economic strength is in the United States. Look, the world's GDP has a way out in the first half of the year. The United States still ranks first in the world with a GDP of 12 trillion US dollars. Although my country ranks second, it is a bit far behind the United States.
GDP refers to the gross domestic product, which is the final result of a country's production activities. Simply put, it is an important indicator to measure a country's economic status and development level. The higher the GDP of a country, the better the economic situation of a country. According to data, the total GDP of the United States reached US$12.26 trillion in the first half of this year, sweeping away the haze of previous years and reaching a new height during the epidemic. If converted into this situation, the United States' annual GDP is likely to exceed US$25 trillion. I believe everyone is most concerned about now. Unfortunately, this data shows that the total GDP of my country achieved in the first half of the year was US$8.67 trillion, a difference of US$3.58 trillion from the United States.
You should know that in the first half of 2021, the total GDP of the United States was only 11.07 trillion US dollars, and my country reached 8.22 trillion US dollars, with a gap of only 2.85 trillion US dollars. So in the first half of this year, the gap between us and the United States has even widened. From the books, we can see that my country has actually increased by 2.5% year-on-year compared with last year, but the United States has grown more. However, you don’t have to be too discouraged, because the reason why the United States can reach such a height is related to the special circumstances this year.
We all know that since February this year, European countries have greatly reduced Russia's energy imports. As a major exporter of natural gas , the United States has taken this opportunity to export oil and natural gas to European countries, so it made a fortune. Of course, in addition to energy, a large number of weapons have been exported to some countries, which have contributed a large part to the US GDP. This leads to a far worse GDP than the United States. However, in fact, our total GDP is higher than that of the EU 27 countries, which is a happy achievement. Moreover, my country's GDP in each quarter is higher than the previous quarter, which means it is developing in a positive growth state, and its development prospects are still very broad.
Then in addition to the data from China and the United States, we also see that Japan's economy was the second largest in total GDP, which is now the country with the third largest GDP. Japan's GDP is only a pitiful 2.19 trillion US dollars, which is the worst performance in the top 20 global GDP, with a growth rate of only 0.87%. To be honest, we are not gloating here, but to give an example to show that our grades are also very good. If the United States had not made a series of small moves in the past two years, the GDP created by Huawei alone could have made great contributions to my country. However, the United States has cut off the supply of chips by , which has hindered Huawei 5G orders, which has made us very angry.
But it is worth being happy that we have now accelerated the field of self-developed chip semiconductors. It only takes a few years to give us, and we will definitely be able to make excellent domestic chips and completely eliminate the risk of being "bottled" in the days to come. By then, our total GDP will surely rise sharply and believe that surpassing the United States is not a big problem.
