5% seems pretty good. But of course its never enough for some.
Chinese Economics Thread
- Thread starter Norfolk
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antiterror13
Brigadier
But "at what cost"?
... we will see that comment very very soon ... Economist and BBC first I think"New oil reserves identified in Xinjiang's Tarim Basin, signaling vast potential"
There seems to be all these resrves found in Xizang and Xinjiang now.
No wonder the west wants to hurt these regions.
With the long-running debate here weeks ago over how to calculate GDP, the London-based World Economics calculates GDP differently from other sources because it takes into account the size of the informal economy as well as statistical measurement errors. Its estimates for 2024 are that China’s GDP will be $40.9 trillion and the U.S. GDP will be $26.8 trillion.
World Economics notes: “Economic statistics derived from individual countries (particularly Asian ones where economic growth is concentrated) often seriously underestimate the size, growth and per capita income of countries and continents. Some country-level data are so poor as to be unusable.”
World Economics notes: “Economic statistics derived from individual countries (particularly Asian ones where economic growth is concentrated) often seriously underestimate the size, growth and per capita income of countries and continents. Some country-level data are so poor as to be unusable.”
So within past few months, China found new gold reserves, huge lithium reserves, new uranium deposites, and now new oil. Not bad.
These are conveniently the rare metals that are currently hot in industries like EVs.
It means it's a sign that China needs to take the opportunity to make most use of them now or it will miss it forever.
Why? it's not like the deposits would just disappear
5% is just government propaganda. My source from Foreign Policy magazine tells me that the Chinese economy is on the edge of collapse and they are forced to show CHAD as a way of intimidating President Trump.