The Indicator from Planet Money America's small GDP bump, China's big stimulus dispersal, and a Monkey King
Sep 27, 2024
Check out fascinating insights on America’s surprising 0.3% GDP bump, reshaping perceptions of economic performance. Discover China’s bold stimulus efforts aimed at supporting low-income residents amid its own struggles. Also, delve into the gaming phenomenon Black Myth Wukong, which skyrocketed past $1 billion in sales, highlighting its cultural significance and mixed reviews. The discussion uncovers how biological differences influence gaming preferences and what sets this unique title apart from others.
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Slight GDP Growth
- The U.S. GDP increased by a tiny 0.3% in Q2 2022, revised from a contraction.
- This slight growth, confirmed by updated data, means the U.S. didn't technically have a recession in 2022.
China's Cash Stimulus
- China is offering direct cash assistance to its poorest citizens.
- This unusual move comes as China grapples with a housing slump, high unemployment, and low consumer confidence.
Monkey King's Billion-Dollar Game
- The video game Black Myth Wukong, based on the Monkey King legend, grossed $1 billion on Steam.
- Despite controversy surrounding the studio's work culture, the game signifies China's gaming industry's growth.
