China’s miraculous growth machine is juddering to a halt

[StraightEdge]

Nominal GDP is all that matters. That’s what measures total comprehensive power. PPP is worthless.

I was talking about real GDP, looks like you have no clue about these terms.

 

[Bilal9]

GDP at current prices of China and the U.S. 2005-2035 | Statista

Between 2005 and 2020, the GDP of China grew from 2.3 trillion to 14.9 trillion U.S.

www.statista.com

 

[MajesticPug]

Aren't you Americans and Chinese tired of posting threads about who's worse?

It's always been started by an American, in particular the salaried poster F22Raptor. Go through the threads he started and you'll know his job description.

 

[Foinikas]

It's always been started by an American, in particular the salaried poster F22Raptor. Go through the threads he started and you'll know his job description.

No man,beijingwalker is worse.

 

[leviathan]

well the US can never beat China's GDP (Gross Domestic Propaganda)

LOL this from PDF THINK TANK: ANALYST! hmmm more!! Almost there!

 

[dbc]

LOL this from PDF THINK TANK: ANALYST! hmmm more!! Almost there!
View attachment 925813

sure buddy, no one trusts Chinese GDP not even the guy who ran its economy for many years. "Man-made and unreliable" is how Li Keqiang described it. He developed his own index, it's called the Li Keqiang index

Did you know a group of Chinese economists examined data going back to 2009 and concluded GDP growth was overstated by 2% every year. You can do the math on the cumulative impact in 2023, it's overstated by 40% . Coincidently a Harvard paper published in the late 90's concluded that authoritarian regimes typically overstate GDP by 37% - strange isn't it.

China's GDP is "man-made," unreliable: top leader

China's GDP figures are "man-made" and therefore unreliable, the man who is expected to be the country's next head of government said in 2007, according to U.S. diplomatic cables released by WikiLeaks.

www.reuters.com

 

[MajesticPug]

No man,beijingwalker is worse.

You obviously need to learn how to read. Beijingwalker reported or posted reports of China's progresses. F22Raptor posted similar reports on American progresses and that's fine (He posted the B21 article and etc.). THEN, the Raptor re-posted from some anti-China media 'NEGATIVE' (facts never proven) reports SIMPLY to instigate fights. His intention is obvious. Didn't your grade school teachers teach you when you read you need to read the writer's intentions?

 

[Foinikas]

You obviously need to learn how to read.

You obviously need to do it first. Because your friend beijingwalker has been also posting countless negative threads about USA,South Korea,Japan,Europe and various countries. Wake up.

 

[CallSignMaverick]

sure buddy, no one trusts Chinese GDP not even the guy who ran its economy for many years. "Man-made and unreliable" is how Li Keqiang described it. He developed his own index, it's called the Li Keqiang index

Did you know a group of Chinese economists examined data going back to 2009 and concluded GDP growth was overstated by 2% every year. You can do the math on the cumulative impact in 2023, it's overstated by 40% . Coincidently a Harvard paper published in the late 90's concluded that authoritarian regimes typically overstate GDP by 37% - strange isn't it.

China's GDP is "man-made," unreliable: top leader

China's GDP figures are "man-made" and therefore unreliable, the man who is expected to be the country's next head of government said in 2007, according to U.S. diplomatic cables released by WikiLeaks.

www.reuters.com

China's consumption figures don't agree with that statement

 

[dbc]

China's consumption figures don't agree with that statement

consumption of what?

 

[CallSignMaverick]

consumption of what?

goods and services

 

[dbc]

goods and services

If you believe the Chinese National Bureau of Statistics consumption is the smallest contributor to GDP growth in the last three years.

 

[beijingwalker]

sure buddy, no one trusts Chinese GDP not even the guy who ran its economy for many years.

No one trusts US GDP, it's a joke, it's all being bloated by hype inflation, money printing , stock market bubble and fake consumption.China economy is backed by unrivaled international trade and surplus, manufacturing juggernaut , US economy gets nothing tangible to support it and it is nothing more than a big bubble.

‘I’m selling my blood’: millions in US can’t make ends meet with two jobs

More Americans have been working two or more jobs over the past few decades, census data shows

www.theguardian.com

Real Sector GDP VS Total GDP​

US vs. China: Measuring Real Economic Power​

Published: Monday, December 6, 2021

Gross Domestic Product (GDP) is a basic measure of the overall size of a country's economy and is often used to compare different countries' economic power. But what exactly is compared when someone says that the GDP of country A is larger than the GDP of country B?

The System of National Accounts (SNA) of the United Nations defines GDP as a monetary value of final goods and services — that is, what end users actually purchase — produced in a country, along with some non-market "production" such as defense or education services provided by governments, during a specific period of time (say a quarter or a year).

As the UN definition of GDP implies, the whole economy can be divided into two major sectors: the so-called real sector, which includes production of goods and real assets, and the services sector, which includes production of services, everything from banking to education to healthcare.

This dashboard uses U.N. data to analyze the economic powers of countries measured solely by the ability of the economy to produce goods and real assets like infrastructure, dwellings and nonresidential buildings, and machinery and equipment. We estimate GDP produced in the real sector of an economy as a sum of value added in four broad economic activity groups: Agriculture, Industry, Construction, and Transportation and Communications.

Why the focus on the real sector? The strength of the real sector reflects two of the basic characteristics of an economy that determine its ability to successfully compete in a world of rising tensions between major powers: self-sufficiency and military power. The third basic economic factor affecting a country's competitiveness — the availability of resources — is not considered here.

• Using real sector GDP in cross-country comparison of economic power significantly changes the view of the global economic landscape. The U.S. economy, which is the world's largest economy when measured by total GDP at current US dollars, is more than $500 billion smaller than China's when measured by real sector GDP.
• In 2019*, the ten largest economies in terms of real sector GDP included Russia, Korea and Indonesia. In the ranking by total GDP, these countries are lower down the list, and Italy, Brazil, and Canada round out the top ten.

Note: 2019 is currently the latest available year in the U.N. National Accounts Main Aggregates Database

US vs. China: Measuring Real Economic Power - knoema.com

(23 November 2021) Gross Domestic Product (GDP) is a basicmeasure of the overall size of a country's economy and is often used to compare different countries' economic power. But what exactly is compared when someone says that the GDP of country A is larger than the GDP of country B? The System...

knoema.com

 

[dbc]

No one trusts US GDP, it's a joke,

lol, if no one trusts US GDP T-Bills wouldn't sell like hot dumplings on a cold rainy day.

 

[beijingwalker]

lol, if no one trusts US GDP T-Bills wouldn't sell like hot dumplings on a cold rainy day.

They invest in China big time too, you are just refuting yourself in logic.