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All countries inflate GDP, because there is always a gap of uncertainty about existing economic activity and governments like larger numbers. And since Chinese
by coliveira 8y ago
All countries inflate GDP, because there is always a gap of uncertainty about existing economic activity and governments like larger numbers. And since Chinese growth is higher than in other parts of the world, it is normal that the gap be larger, in the range of 1%.
- steve19 8y agoI don't think this is true. Certainly in many countries GDP calculations are transparent. The economists calculating them are bureaucrats who serve the government, not whichever party is currently in power.
- coliveira 8y agoOh, right, the same kind of people who gave AAA status to mortgage based derivatives. You must live in a different world, then.