Chinese Economics Thread

[StraightEdge]

China's zhejiang province to establish a childbirth subsidy system.

https://twitter.com/i/web/status/1901467802034409731

 

[siegecrossbow]

This makes me a bit uneasy, isn't this just Westernisation of the Chinese economy? As a master economist once remarked, consumption actually adds not one iota to the GDP of a country by its own definition. The nation's consumption is how much of its annual production is actually consumed by the populace rather than used for other purposes such as savings and investment.

Westernization of the economy would be charging 2K USD for ambulance rides and counting prostitution/drug dealing as part of the GDP.