This is TFP lmao.
I don't necessarily agree with chgough34 on everything, but I'm not a China hawk or whatever. But it is funny to see you talking about "undergrad this" and "TFP is laughable" and then just see you, ultimately, talking about TFP.
Chinese Economics Thread
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This is TFP lmao.
I don't necessarily agree with chgough34 on everything, but I'm not a China hawk or whatever. But it is funny to see you talking about "undergrad this" and "TFP is laughable" and then just see you, ultimately, talking about TFP.
supercat
Major
Does TFP reflects the growth of China's high tech sectors? If not, then it's somewhat misleading. In the past 6 years, the average annual growth rate of China's high tech sectors was 10.2%, greatly outpaced the average annual GDP growth rate of 5.5%.
The Economist just realized the importance of the Global South.
Important article about China's economy - get a cup of coffee and read the whole thing when you get a chance.
The Economist just realized the importance of the Global South.
Important article about China's economy - get a cup of coffee and read the whole thing when you get a chance.
I have been hearing about PMI for more than a decade, since maybe 2014.
Every single time a media article comes out about China's PMI, the PMI is always negative. It's always something like 48, 49. Every single time, the article then states that this negative PMI shows China's manufacturing in decline.
Based on reporting on PMI - especially Western reporting - China's manufacturing has been in decline for over a decade.
Obviously China's manufacturing sector is bigger than it was in 2014. To be frank, I'm just not sure how reliable this PMI statistic is.
It's not. It's called lying with statistics. It's another U.S. information warfare tool.
The PMI over the past decade has not always been sluggish, and even midway through 2021 during the pandemic was not particularly low, but clearly the lockdown and the bursting of the real estate bubble have had an impact on business confidence.
The PMI is just one of many economic statistics that you can combine to discuss the economy.
The PMI is just one of many economic statistics that you can combine to discuss the economy.
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Several such voices have been voiced by members of various advisory bodies, but it is not clear what impact they will have on actual government policy decisions.
If they were actually in a position to choose, they'd be choosing. Instead they are throwing their dissenting opinions out into public, which in China suggests they have no real power to decide.