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"Now, for the first time, we have official confirmation that GDP (in China) has been fabricated." How much have the numbers been changed?
by jayjay71 10y ago
"Now, for the first time, we have official confirmation that GDP (in China) has been fabricated."
How much have the numbers been changed?
- jonwachob91 10y agoThe last paragraph estimates 4% instead of 7%. But they don't cite sources to back the claim up.
- ktRolster 10y ago4% growth is still pretty good tbh
- DeonPenny 10y agoNot for china, the government unlike most western country only stays in power because of the growing economy. I the west if the economy is broken it's the people fault. There it's the communist fault the economy broke.
- seanmcdirmid 10y agoWhich makes unwinding very hard. So they keep pumping up the bubble and kicking the can down as long as possible...they have no other choice unless they can eventually blame an external entity (Trump might be a godsend for the CPC).
- DeonPenny 10y agoI have a feeling if your starving at home you're not going to care if the government is blaming someone half a world away.
- DeonPenny 10y agoNot for china, the government unlike most western country only stays in power because of the growing economy. I the west if the economy is broken it's the people fault. There it's the communist fault the economy broke.
- seanmcdirmid 10y agoThere are no sources when the only official source is unreliable. You are left guessing for your self, relying on a disparate set of numbers, "hunches", and wild extrapolation. The 4% I think is based on the "Li Keqiang Index" that estimates real GDP based on electricity usage and freight traffic.