The Curious Case of China’s GDP Figures

[huskie]

I have always believed that Chinese GDP figure is not properly constructed. The tertiary sector, which should have accounted for a larger proportion of the GDP, has always been seriously under-reported and under-estimated by the Chinese authorities. I also believe this is done on purpose, as the Chinese technocrats always value more in manufacturing than low-level service industries such as small retailing or restaurant business.

 

[Azazel]

We know exactly how this thread fits into superpower India delusions and the Chinese roadblock in the way.
Nor do we expect you guys to admit it.

There are no superpower delusions.There are only ambitions.Whether you like it or not.

The negativity is in the article itself that the Chinese are lying about their GDP.

That's OK. We see through the Indian need to desperately believe that the Chinese numbers are fake.

We don't believe in wishfull thinking.Those are for losers.Did you how many Indian members here posted against the articles.You still want to dwell in to your world of negativity and delusions.

 

[kewell333]

Government revenue 2012:

China:$2.4 trillion

India: $ 200 billion

You see China government revenue is 12 times of India.
Since China tax rate lower than India, maybe China real GDP is more than 12 times of India.

 

[Skyman]

Government revenue 2012:

China:$2.4 trillion

India: $ 200 billion

You see China government revenue is 12 times of India.
Since China tax rate lower than India, maybe China real GDP is more than 12 times of India.

Our fiscal revenue is $2 trillion (not $2.4 trillion). That's bigger than the entire Indian economy. Our revenue alone is bigger than most countries' GDP.

 

[kewell333]

Our fiscal revenue is $2 trillion (not $2.4 trillion). That's bigger than the entire Indian economy. Our revenue alone is bigger than most countries' GDP.

Total Government Revenue May Reach 15 Trillion Yuan in 2012 - Economic Observer Online - In-depth and Independent

 

[shuttler]

One thing those cheerleading indians and the stupid writer of the article dont know about: the accounting and tax system in China. On every week, end of each month and then yearly each company has to file reports in standard forms to the local and state authority. And the standardization of the closing year end. These people are making a joke here comparing the time of processing of the figures in China with the same of different accounting, tax and fiscal systems like HK and USA！

 

[Skyman]

@kewell
That was a prediction, the actual revenue was lower.

 

[shuttler]

And for another cheerleading indans marvel, the writer's woeful comment on quoting a SCMP analysts comment about:

According to Beijing's National Bureau of Statistics, the mainland's gross domestic product last year, measured by the net output of each sector, was a mighty 51.9 trillion yuan (HK$63.9 trillion).

But if you take the output figures compiled by the mainland's 31 different provinces and add them together, you come up with an even mightier 57.6 trillion yuan.

if these so called professionals do understand what's inter-province transactions, they should know some technical adjustments needed to be done to eliminate double counting!

Lastly, if the service sector is understated, then so be it and let our intrinsic economy be even stronger providing us with more ammunition to propel our Country to the next targeted level higher up!

Let the ignorant cheerleaders keep shouting on shadows!

 

[Skyman]

They know we are growing, they just cannot get themselves to admit it. It's pure jealousy.

 

[shuttler]

One more thing - another bust to the cheerleaders and the clueless writers:

Growth with quality

It is in the agenda and it is a bench mark for evaluation! Not just GDP!

 

[kewell333]

@kewell
That was a prediction, the actual revenue was lower.

China government income is made up by three parts.

In 2012:
1. public fiscal income: 11.72 trillion Yuan
2. land transfer fees: 2.69 trillion Yuan
3. Revenue from government-managed funds: still not release, but last year is 3.48 trillion Yuan.

So total government revenue can definitely exceed 15 trillion Yuan( $2.4trillion).

The last two are the most important reason for China's economic success.

 

[AADHAAR]

thread like this make Chinesedragon pro indian stance look stupid

you would rather prefer being bashed like "HongWu" and "Sinochallenger"..

sure.. pants down please.

 

[twocents]

Here's a Gordon Chang's presentation in support of a collapsing Chinese economy
Next Decade of India-China Relations...DVD 3 - YouTube

 

[shuttler]

Here's a Gordon Chang's presentation in support of a collapsing Chinese economy

people like stand-up comedians!

 

[twocents]

people like stand-up comedians!

He's hightly qualified. Don't you think so?