I believe it's time to resolve this market. https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=CN

The world bank says China's was 5.2% on it's website. At another place on it's website it says it only has 2022 data though.

https://www.worldbank.org/en/country/china/overview#1

https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=CN

There’s no doubt the US grew at a faster rate than China in 2023. The remaining question is will the world bank reported data be accurate. https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=US-CN&start=2007

China's GDP growth rate will not exceed that of the U.S. China's economic growth rate to slow to 3%. The Chinese economy is in recession, with youth unemployment already above 20%. It is unlikely that the Chinese economy will surpass that of the United States within the next decade or two. Second-quarter growth of 6.3% underwhelmed, considering the low base caused by last year's COVID-19 lockdowns, raising pressure on Chinese leaders who are expected to meet this month to discuss a short-term boost and longer-term fixes. The April-June data puts 2023 growth on track for roughly 5%, with slower rates thereafter. These include the burst of a bubble in the property sector, which accounts for a quarter of output; one of the deepest imbalances between investment and consumption; a mountain of local government debt; and the Communist Party's tight grip over society, including private businesses.https://www.reuters.com/world/china/will-china-ever-get-rich-new-era-much-slower-growth-dawns-2023-07-18/#:~:text=%22It%20is%20unlikely%20that%20the,unemployment%20is%20already%20above%2020%25.

Will China ever get rich? A new era of much slower growth dawns

China is entering an era of much slower economic growth, raising a daunting prospect: it may never get rich.

@EriIshikawa I agree that China's GDP growth rate will not surpass that of the U.S. in 2023. Factors such as a slowing economic growth rate, high youth unemployment, and various structural issues suggest a challenging economic landscape for China. Reports indicate that China's growth is expected to slow, with a forecasted rate around 5% for 2023, impacted by issues in the property sector and imbalances in investment and consumption. These challenges, coupled with the government's tight control over various sectors, imply that it's unlikely for China's economy to outpace the U.S. in the near term. If the U.S. were to suffer a devastating blow, which is unpredictable, the data at this point indicate that China will not outperform the U.S.

The possibility of China surpassing the United States in terms of real GDP growth rate in 2023 is certain. The International Monetary Fund (IMF) has revised China's projected growth for 2023 from 5.2% to 5% (IMF, 2023), while the US's growth estimates were raised to 2.1% (IMF, 2023) for the same year. These disparities result from several factors.

Wang Huiyao, founder of the Centre for China and Globalisation, attributes the differing outlooks to exchange rate issues, with the yuan depreciating by over 3% in the year. He suggests that if China can maintain an annualized growth rate of 4-5%, it may have a chance to surpass the US by 2035.

So, it can be said that China can defeat USA in terms of GDP real growth rate for the year 2023 but cannot defeat in terms of real GDP in the near foreseeable future. Even though China is facing few economic challenges, it's growth rate is predicted to be higher than that of USA as per the experts like IMF.

Source Data:

People’s Republic of China and the IMF. (2023, February 3). IMF. https://www.imf.org/en/Countries/CHN

United States and the IMF. (2022, January 12). IMF.

https://www.imf.org/en/Countries/USA

People's Republic of China and the IMF

IMF Executive Board Concludes 2022 Article IV Consultation with the People's Republic of China

The possibility of China surpassing the United States in terms of real GDP growth rate in 2023 is certain. The International Monetary Fund (IMF) has revised China's projected growth for 2023 from 5.2% to 5%, while the US's growth estimates were raised to 2.1% for the same year. These disparities result from several factors.

China faces challenges such as a real estate crisis and dwindling consumer confidence, partly due to stringent COVID-19 mobility restrictions. Furthermore, the pandemic, US containment efforts, and local government debt have impeded China's investment and exports. In contrast, the US saw financial stability for households and businesses, with strong consumption driven by capital inflows linked to the Federal Reserve's interest rate policies.

Some experts believe there is an opportunity for China to boost consumption through measures like cash vouchers. They emphasize the importance of continued economic reforms and government restraint to encourage growth.

Wang Huiyao, founder of the Centre for China and Globalisation, attributes the differing outlooks to exchange rate issues, with the yuan depreciating by over 3% in the year. He suggests that if China can maintain an annualized growth rate of 4-5%, it may have a chance to surpass the US by 2035.

However, it's essential to note that China has not explicitly set a goal to overtake the US economically. Its modernization goal, aiming to double per capita GDP by 2035, implies potential overtaking around 2030.

As of the first half of 2023, China's GDP was 64.5% the size of the US, a decline from the peak of 77.3% in 2021 when China's economy grew at over 8%, outpacing the US at 5.7%. The evolution of China's economic trajectory in its rivalry with the US is undergoing significant changes. Some analysts even suggest that due to stalled reforms, China may not catch up with the US in terms of GDP growth in the foreseeable future.

So it's can be said that China can defeat USA in terms of GDP real growth rate for the year 2023 but cannot beat in terms of real GDP in the near foreseeable future. Even though China is facing few economic challenges, it's growth rate is predicted to be higher than that of USA as per the experts like IMF.

Yes

https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=US-CN

China > US for every year since 1978.