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I am not quite sure how GDP of a country is measured and what are the different methods to measure GDP. But one thing we can't deny is that everything that we u

by rajeshp1986 10y ago

I am not quite sure how GDP of a country is measured and what are the different methods to measure GDP. But one thing we can't deny is that everything that we use today has "Manufactured in China" label to it. I am just amazed how many goods are produced in China. Whole of the Indian market is flooded with Chinese items. I see most of the stuff I buy in US comes from China as well. I am not even talking about things like iphone. I am talking about everyday stuff one uses like clothes, shoes, etc. All the wealth is flowing into China in exchange for those goods which increases their GDP. China is also making huge investments in Africa & Pakistan. They are exploring new markets for selling its cheaply manufactured goods. The Economists claim that those numbers are fake are not aware of ground reality. I don't see China slowing down in the near future, at least no in the next decade.

woodandsteel 10y ago
Of course the Chinese economy is gigantic, the Economist is not disputing that. The question is recent trends, and it is in fact terribly hard to get reliable data on that. >I don't see China slowing down in the near future, at least no in the next decade. The Chinese government, from the top down, has been saying for years that the economy is slowing down.
Fifer82 10y ago
If I want to help my Country, I need to go out, get blasted on ale, and then take out a credit card on the way home, preferably a loan. This would be the only thing that I could do to improve my countries economy and apparently, our Economy is in good shape (just ignore health, social care, pensions, energy, transport, education, ai and the aging demographic and viola). What you just said, and what I just said, should be switched around and I think the primary reason why that isn't the case is because Credit Agencies now come with a "Public Bailout" parameter. The entire system is just made up to suit those with the golden pens. Reality is long gone.

woodandsteel 10y ago

Of course the Chinese economy is gigantic, the Economist is not disputing that. The question is recent trends, and it is in fact terribly hard to get reliable data on that. >I don't see China slowing down in the near future, at least no in the next decade. The Chinese government, from the top down, has been saying for years that the economy is slowing down.

Fifer82 10y ago

If I want to help my Country, I need to go out, get blasted on ale, and then take out a credit card on the way home, preferably a loan. This would be the only thing that I could do to improve my countries economy and apparently, our Economy is in good shape (just ignore health, social care, pensions, energy, transport, education, ai and the aging demographic and viola). What you just said, and what I just said, should be switched around and I think the primary reason why that isn't the case is because Credit Agencies now come with a "Public Bailout" parameter. The entire system is just made up to suit those with the golden pens. Reality is long gone.