China’s ‘economic stalling’ threatens push to overtake US as No 1 economy

[Viet]

The labor shortage in the US is now worsening compared to 2020.

The 2020 GPD was negative, and now it is still positive?

They have found a new method to fudge the GDP number.

China's GDP is mostly based on the real productivity, and no need to obfuscate its figure.

Tiger, there is no such thing as “real productivity”. You either make it (increase Gdp) or you don’t make it (zero Gdp).

Dollar based GDP had become meaningless since US keep printing money to shoot up inflation to inflate their GDP

An better gauge should be on total trade and total industrial, manufacturing and agricultural output.

US GDP is still shrinking

Economy shrank 0.9%, marking second straight contraction and stoking recession worries

The economy shrank 0.9% in Q2, marking second straight contraction, raising recession concerns. Inflation, Fed rate hikes set to slow growth

www.usatoday.com

You mix up things. The dollar printing doesn’t increase Gdp or economic growth. Not per se. The money mostly go to the pockets of big earners, property, stocks, not common population.

 

[Song Hong]

US GDP is inflated. Finance, government, services is big contributor, While China GDP is about producing goods.

There is a real attempt by US to inflate GDP, else losing her prestige. Also China is concealing GDP, in order to hide under the radar.

 

[nufix]

Tiger, there is no such thing as “real productivity”. You either make it (increase Gdp) or you don’t make it (zero Gdp).


You mix up things. The dollar printing doesn’t increase Gdp or economic growth. Not per se. The money mostly go to the pockets of big earners, property, stocks, not common population.

There is though. To measure the general size of a country of economy, we can either use constant prices or current prices. Current prices just measure the value of commodities in its current value whereas constant prices account for inflation. Nominal GDP uses current prices as base for its calculation whereas Real GDP uses constant prices. For countries with normal inflation rates, current prices and constant prices are not so different, so Nominal GDP figure would not be far from the Real GDP figure.

With that being said, you can actually increase Nominal GDP by printing money. Money printing increase money supply in the interbank trade, and when money is cheap inflation follows. Inflation in current prices would result in a higher nominal GDP but when inflation is accounted for, there might be zero growth in real productivity.

 

[Mista]

With that being said, you can actually increase Nominal GDP by printing money. Money printing increase money supply in the interbank trade, and when money is cheap inflation follows. Inflation in current prices would result in a higher nominal GDP but when inflation is accounted for, there might be zero growth in real productivity.

Nominal GDP measured in own currency, that is. Ceteris paribus, printing money and expanding the money supply will lead to depreciation of the currency.

 

[dy1022]

Nominal GDP measured in own currency, that is. Ceteris paribus, printing money and expanding the money supply will lead to depreciation of the currency.

printing money= inflation=fake GDP, simple as that...

even whore and drug price goes up in this fake GDP superpower ,pathetic...

 

[Viet]

There is though. To measure the general size of a country of economy, we can either use constant prices or current prices. Current prices just measure the value of commodities in its current value whereas constant prices account for inflation. Nominal GDP uses current prices as base for its calculation whereas Real GDP uses constant prices. For countries with normal inflation rates, current prices and constant prices are not so different, so Nominal GDP figure would not be far from the Real GDP figure.

With that being said, you can actually increase Nominal GDP by printing money. Money printing increase money supply in the interbank trade, and when money is cheap inflation follows. Inflation in current prices would result in a higher nominal GDP but when inflation is accounted for, there might be zero growth in real productivity.

I don’t know why you go off topic. I responded to Tiger who was talking on productivity. Not inflation, not nominal Gdp, not anything else. Productivity has nothing to do either with money printing.

 

[nufix]

I don’t know why you go off topic. I responded to Tiger who was talking on productivity. Not inflation, not nominal Gdp, not anything else. Productivity has nothing to do either with money printing.

Not sure why it is off topic for you. You said there is no real productivity when talking about GDP, but apparently there is. GDP it self is Gross Domestic Products, a sum value of all domestic production of goods and services. It has everything to do with productivity. However, for all these values to be summed up into GDP, there are different ways of calculating them (such as by using constant price or current prices). Real GDP increase which accounts for inflation indicates an increase in productivity whereas an increase in nominal GDP without an increase in Real GDP indicates an inflation that is higher than the productivity. You know what rhymes with inflation? Money printing! You can always increase your GDP without having real productivity behind it, but it would be a question of when that bubble will burst.

Whether that is really the case with the US is up for debate. I am only responding to your remark.

 

[Song Hong]

US GDP also include phantom rent. That means you contribute to GDP even if you dont rent the house.

Then there is an extremely bloated medical cartel, prison, blood sucking lawyer service fee.

Also a lot of financial service GDP is cooking toxic derivative tantamount to the worst financial feces.

Why does GDP include imputations? | U.S. Bureau of Economic Analysis (BEA)

Gross domestic product (GDP) is a comprehensive measure of the nation’s production. In order to be comprehensive, it must include some goods and services that are not traded in the market place. Those components of the GDP are called imputations. Examples include the services of owner-occupied...

www.bea.gov

 

[beijingwalker]

US has trade deficit with almost every country, how can a country only spends and buys but doesn't produce anything be sustainable?

 

[Martin Peterson]

Weird title, China is already by far the worlds largest economy in GDP PPP terms and that's all that matters.

GDP Nominal can be changed overnight, so why should one care for that? At best it can be used to measure the trading power of a nation not its actual economic size.

There is a reason why america is called "The fake economy".

 

[F-22Raptor]

Weird title, China is already by far the worlds largest economy in GDP PPP terms and that's all that matters.

GDP Nominal can be changed overnight, so why should one care for that? At best it can be used to measure the trading power of a nation not its actual economic size.

There is a reason why america is called "The fake economy".

PPP is only a useful metric for standard of living.
It’s a worthless metric when it comes to relative power and influence among countries.