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Miscellaneous News
- Thread starter bd popeye
- Start date
Wang Yi accused of aura farming.
I'm too lazy to do the math but lets just say this is true. So what? 27 countries vs 1 country isn't the flex they think it is.
I mean if your energy prices have dramatically increased, then it stands to reason that these inputs are factored into the cost of goods produced and inflates the on-paper value of this production which then gets added to the GDP.
Edit: Also, even putting pure raw manufacturing power aside, it's hard to conclude that the EU has a stronger economy than China when even the entirety of its digital services space depends on US companies when China has a full spectrum suite of digital services that matches everything the US has created, 1 to 1, created by and run by Chinese companies. Really this GDP differential is just a reflection of energy costs as I stated above, ECB money printing activity over the last decade and their hawkish interest rate policies. Even Trump has bitched about this.
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This is what deflation does to you. China has deflation and thus essentially losing GDP growth. Its nominal growth is lower than real growth thanks to deflation.
We really need to learn to stop caring about GDP
Why? Because it's measured in USD.
Currency fluctuations totally distort the number every year. And America's USD hegemony means their paper tiger economy is totally inflated.
GDP is not a good indicator of how much a country produces, or how much influence it has in the world.
I read that so far only Indian sources have reported it. No one else to confirm yet.
But we will wait and see first for any updates. Appreciate anyone to give us live updates since this is a rather serious issue.
Likely fake,
boring machines were on hold by the German ( factory in China) due to payment.
Fertilisers, nonsense.
The question is what China actually got in return. If they didn't get anything and just did this to keep India friendly then its a huge loss for China. I hope they are not that naive