Chinese Economics Thread

BoraTas

BoraTas

Major
Registered Member
doggydogdo said:
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
View attachment 144829
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.

View attachment 144834

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?
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China's PPP adjustment coefficient is indeed a bit ridiculous. From my first hand experience, the living standards in Shenzhen were not that much lower compared to where I live in the Netherlands in 2018. I won't expose the exact city here. If you compared just local GDPpcs, even in PPP terms, you would expect a big difference. According to price level indexes, the Netherlands is just 68% more expensive than China on average. Which is ridiculous claim. Even a rather cheap Dutch city is considerably more expensive than Shanghai. An example is here. I compared Breda (a town of 320k people) to Shanghai using this website. Breda is considerably more expensive.

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coolgod

coolgod

Colonel
Registered Member
BoraTas said:
China's PPP adjustment coefficient is indeed a bit ridiculous. From my first hand experience, the living standards in Shenzhen were not that much lower compared to where I live in the Netherlands in 2018. I won't expose the exact city here. If you compared just local GDPpcs, even in PPP terms, you would expect a big difference. According to price level indexes, the Netherlands is just 68% more expensive than China on average. Which is ridiculous claim. Even a rather cheap Dutch city is considerably more expensive than Shanghai. An example is here. I compared Breda (a town of 320k people) to Shanghai using this website. Breda is considerably more expensive.

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Yea but did you factor in prostitution? Prostitutes in Shenzhen/Shanghai or nearby is way more expensive than in the Netherlands. Checkmate commies.
 
M

Moonscape

Junior Member
Registered Member
FYI, if you read overseas Chinese forums (so Chinese people who live in the US and therefore are familiar with actual prices in the US and in China), they generally estimate the real PPP exchange rate to be about 3:1 CNY-USD for top tier cities. So 300,000 CNY in a first tier Chinese city would get you approximately the same standard of living as $100,000 in a major US city. And the ratio is probably closer to 2:1 if you compare a second tier Chinese city with a second tier US city.

At 3:1, that would put the real Chinese economy at about 160% of the US economy, significantly higher than the "official" IMF PPP ratio of 127%.
 
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