Chinese Economics Thread

[abenomics12345]

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
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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
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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.

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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:

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@abenomics12345 Thoughts?

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.

 

[GiantPanda]

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.

It was always be obvious. You cannot use up this kind of electricity unless the Chinese economy is massively bigger and growing massively faster:




You cannot outlap the rest of the world by this much unless you have a massively bigger economy. There would have been no way to afford to afford it unless you do.