The total contribution of China and the United States to world economic growth is: the total GDP of China and the United States is approximately US$12 trillion, accounting for 41% of global GDP.
As the two largest economies in the world, China and the United States have undoubtedly contributed hugely to world economic growth.
In the past few decades, the rapid economic development of the two countries has not only changed the face of their respective countries, but also had a profound impact on global economic growth.
According to data from the International Monetary Fund (IMF), the economic growth contribution of China and the United States accounts for the vast majority of global economic growth.
From a total perspective, the total GDP of China and the United States continues to increase its global share.
According to the World Bank, in 2000, the total GDP of China and the United States was approximately US$12 trillion, accounting for 41% of global GDP.
By 2020, this proportion has increased to approximately 45%.
Among them, China's GDP share increased from about 4% in 2000 to about 17% in 2020, while the U.S. GDP share dropped slightly from about 34% in 2000 to about 28% in 2020.
Despite the impact of the COVID-19 epidemic, the two countries' economic aggregates remain solid in their global positions.
From the perspective of growth rate, the rapid growth of China's economy is particularly outstanding.
Over the past 20 years, China's GDP has grown at an average annual rate of approximately 9.5%.
Especially after the global financial crisis in 2008, China's economy successfully transformed and achieved stable and rapid growth.
Although the U.S. economy also shows relatively stable growth, the growth rate is only about 2%, which is significantly lower than China.
This has also caused China's economic share in the world to gradually increase.
First of all, the continuous expansion of the consumer markets of the two countries has provided huge impetus for global trade.
China and the United States are the second and third largest consumer markets in the world respectively. The prosperity of the consumer markets in the two countries has driven the growth of global exports.
Especially in recent years, Chinese consumers' demand for overseas goods has continued to rise, bringing huge trade surpluses to many countries.
Investment and aid actions by China and the United States also promote global economic growth.
The Chinese government encourages companies to “go global” and participate in international investment and infrastructure construction.
At the same time, as the world's largest donor, the United States' foreign aid and investment have also had a positive impact on the economic growth of many countries.