I don't think they count property as retail but i could be wrong.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
I was right that cars are the biggest drag on growth, also clothes, cosmetics and jewelry were also dragging growth. I guess China banning wealth-flaunting worked lol.
ByteDance has quite the empire.
Doubao is the latest addition with 42 million users.
Chinese TV brands win more than half Japan's market for first time..
In 2024, TVS REGZA, a subsidiary of Hisense that operates the former Toshiba “REGZA” brand, ranked first with 25.4%. Hisense’s own brand ranked third, accounting for 15.7%, and the group’s overall share reached 41.1%, exceeding 40% for the first time. TCL’s market share was 9.7%, surpassing Sony and Panasonic and jumping to fourth place.
Chinese companies have been developing the Japanese market with small and medium-sized TVs below 40 inches, but recently they have also launched an offensive in large-screen, high-definition products. Hisense uses “Mini LED” made of tiny light-emitting diodes (LEDs) to develop the high-priced market with TVs that can make colors more vivid even on large screens. Hisense’s TV sales in Japan have increased by 33% compared to 2023.
I found some definitive proof that China is lying about its GDP PPP. And it's really funny how much lower they made it look so the PPP per capita is around the same as the global average.
China claims that the Price level Index for China is higher than Singapore and Taiwan. Don't laugh
China's "Actual" expenditure is lower than countries like Sri Lanka, Thailand and Mongolia and that "real" food expenditure is lower than India's. LMAO
Even by underestimating Chinese GDP PPP so much, The National Bureau of Statistics of China still says that PPP significantly enlarges the economy and tries to discredit it lol. They are taking "hide your strength bide your time" so seriously that they are larping as a poor "developing" country lmao.
If you adjust for the biases, China's real economy would be basically the same as all the Advanced countries combined. Still with the per capita growth rate of India's. it really feels like that China is the only big country and other countries are small countries.
Source:
@abenomics12345 Thoughts?
China claims that the Price level Index for China is higher than Singapore and Taiwan. Don't laugh
China's "Actual" expenditure is lower than countries like Sri Lanka, Thailand and Mongolia and that "real" food expenditure is lower than India's. LMAO
Even by underestimating Chinese GDP PPP so much, The National Bureau of Statistics of China still says that PPP significantly enlarges the economy and tries to discredit it lol. They are taking "hide your strength bide your time" so seriously that they are larping as a poor "developing" country lmao.
If you adjust for the biases, China's real economy would be basically the same as all the Advanced countries combined. Still with the per capita growth rate of India's. it really feels like that China is the only big country and other countries are small countries.
Source:
@abenomics12345 Thoughts?
The thing is China doesn't exclude services in its GDP calculations, in fact, the tertiary sector makes up 60% of China's GDP. They literally just straight up lied to the world bank about how much things cost in China lmao.
it's so funny how this tricked everyone in the west except for some China hawks who said Chinese military spending is actually 800 billion a year lol.
antiterror13
Brigadier
did you mean "doesn't include"?
There are a lot of free things in China that doesn’t get captured in GDP measurements.
As an example at a micro level, lots of restaurants in China do not charge for rice - it’s “produced” but without charging for it the restaurant owner, all else equal, has less revenues to pay higher wages for employees or improve services (innovate newer dishes for example).
My point has always been that GDP is not fake; the real issue is converting activity into income that is the challenge and opportunity for Chinese economy.