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“White House Gaffe Names Xi as President of Taiwan, Not China”

Summary:
That’s from Bloomberg. Ya gotta wonder who’s running the show there. For the sake of concreteness, here is a time series plot of GDP (in PPP terms, current international dollars) for the People’s Republic of China, Taiwan, and US. Figure 1: GDP in billions of current international dollars, for US (blue), People’s Republic of China (red), and Taiwan, also known as Republic of China (green). Source: IMF, World Economic Outlook database, April 2017. For those interested in bilateral trade balances, the 2016 US-China trade balance was -7,016.0 million. The US-Taiwan balance was -,210.8 million. In addition, “Frederick Douglass is an example of somebody who’s done an amazing job and is being recognized more and more.”

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That’s from Bloomberg. Ya gotta wonder who’s running the show there.

For the sake of concreteness, here is a time series plot of GDP (in PPP terms, current international dollars) for the People’s Republic of China, Taiwan, and US.

“White House Gaffe Names Xi as President of Taiwan, Not China”

Figure 1: GDP in billions of current international dollars, for US (blue), People’s Republic of China (red), and Taiwan, also known as Republic of China (green). Source: IMF, World Economic Outlook database, April 2017.

For those interested in bilateral trade balances, the 2016 US-China trade balance was -$347,016.0 million. The US-Taiwan balance was -$13,210.8 million.

In addition, “Frederick Douglass is an example of somebody who’s done an amazing job and is being recognized more and more.”

Menzie Chinn
He is Professor of Public Affairs and Economics at the University of Wisconsin, Madison

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