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We don’t have real numbers from China to know what their GDP is. There’s theories it could be negative right now which coincides with their housing crisis, huge
by throwaway2990 3y ago
We don’t have real numbers from China to know what their GDP is. There’s theories it could be negative right now which coincides with their housing crisis, huge local debts due to covid, huge cost of living and due to covid less spending which results in less jobs, the world pulling out of China. Etc. any positive numbers would surely be made up, one CCP official already admitted to the numbers being fudged.
- seanmcdirmid 3y agoSurely you mean GDP growth could be negative, not GDP. How would negative GDP even work? That being said, I highly doubt their GDP growth is negative, you just have to build something to record positive GDP, not necessarily sell it. Whatever target the central government sets the provinces will meet on paper, and probably in reality (even if the activity used to generate GDP isn’t useful). I would say look at the Li Keqiang index, but Li was recently fired, so I’m not sure what they are going by now for real numbers.