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China vs. U.S. Economy Watch

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  • Description

    FBN’s Lou Dobbs compares the U.S. and Chinese economies.

  • Duration 3:37
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All of that word -- that the president's State of the Union Address tomorrow expected -- -- -- pivot.

Back to the economy job creation growth perhaps even may we'll hear that.

Here's why the president should never have straight away problem.

The economy new figures out today show that China has now officially surpassed the United States and is the world's biggest.

Biggest trading nation.

China's exports and imports of goods last year there exports and imports totaled three point 87 trillion.

Three point 87.

Trillion.

Dollars.

Compare to the US.

Three point 82 yes -- that follows.

But that's not all China also posted a four year trading surplus.

231.

Billion dollars 231.

Million dollar -- While the United States reported a total trade deficit last year but just about 728.

Billion dollars.

That's a trillion dollar swing as -- minus.

And this is over -- and -- question -- A trillion dollar swing in trade China also posted.

This is incredible.

And eight point 2%.

Increase in its GDP in the latest quarter compared to our stunning decline.

Again another minus -- A point 1% of the -- in the fourth quarter.

Contracting economy -- some economy that is -- If it's on -- measurable -- -- that eight point 2% growth rate.

Feels like -- China's latest unemployment rate yes they've got unemployment.

That got an unemployment rate of core point.

1%.

Our unemployment rate of course seven point nine.

Percent.

And China's government that yes they have debt they have one point eight trillion.

In debt.

-- a lot of money.

Ars is sixteen point five.

Trillion dollars in debt.

But you know -- I can't believe that the Chinese feel a little bit better about there's -- we're gonna add another trillion dollars or -- And meanwhile the United States.

O.s.

China.

One.

Point.

Two trillion dollars.

One point two trillion -- There's just no there's no counterweight you may have noticed that at one point two trillion dollars.

It's a little problem for us to -- what is after all the Communist nation one point two trillion dollars and we are big -- capital strike.

What's wrong here -- we're gonna be talking about that very issue throughout the week.

Going to be looking at how the United States model compares to Europe's model and through the if you will the Communist model the Chinese model.

Is the Communist model any more sustainable than what what we -- And if no one has a model is really working maybe it's time to look at the possibility of a new model or.

Or.

Perhaps we should return to the values there created all of this well.

-- nearly all of the world.

But certainly for all of America.

Just -- -- We'll continue on all.

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