Published 10/03/2025 18:47
In August 2024, upon receiving in Beijing the president of Vietnam, to Lam, Chinese leader Xi Jinping praised the partnership of the two countries governed by communist parties. “We will continue our traditional friendship and jointly promote the development of the world socialist cause,” said Xi. “Our road will expand more as we walk more.”
The economic indicators recorded by China and Vietnam indicate that, yes, the “socialist road” is expanding. According to a survey compiled by Alex Agostini, chief economist at Austin Rating, the two countries grew again above the average of large western economies.
In a scenario of postpandeia instability and risk of recession in various regions of the European Union, the G7 (group of main nations developed) stagnated. On average, these seven countries – United States, Japan, Germany, France, England, Italy and Canada – grew only 1.7% in 2024.
In China, the high GDP (Gross Domestic Product) was three times higher: 5%. Even in the ranking of the G20 (group of the 20 largest economies in the world), only India (6.53%) and Indonesia (5.03%) performed better. Detail: The three countries are in Asia, in evidence of which continent drives the global economy today.
Vietnam has advanced even more. According to preliminary data cited by Austin Rating, the country was the third fastest growing in the last year. It is estimated to be an accumulated high of 7.1%, despite the YAGI typhoon, the worst to have plagued the territory in 70 years. More than this rate, only Macao (autonomous region of China, with growth of 9.8%) and Tadjiquistan (8.3%). For 2025, the Vietnamese growth target is 8%.
The vigor of the GDP of socialist countries has a strong social impact. Like China, Vietnam is binding on its economic boom to combat inequalities. According to the World Bank, more than 30 million Vietnamese left poverty between 1992 and 2000, under the leadership of the Communist Party.
Source: vermelho.org.br
