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> GDP capita flattened at 13k Flattened? It's growing something like 5% per year.
by geysersam 3y ago
> GDP capita flattened at 13k
Flattened? It's growing something like 5% per year.
- oblio 3y agohttps://news.ycombinator.com/item?id=37171762 https://news.ycombinator.com/item?id=37171762
- throwaway4good 3y agoYou can cherry pick negative news all you want. But if you a clear picture look at the aggregate for longer terms.
- dmix 3y agoThe article explains there are multiple signals which suggest we can't trust the growth numbers coming out of China. People have been ringing that bell for years. That still applies in aggregates and recent history.
- misja111 3y agoThe CDS (credit default swap) on Chinese government bonds went up over 30% during the last week. This means that the market believes that the chance for a default on bond payments went up considerably. If you believe you are right and the market is wrong, you should short-sell CDS'es and get rich.
- nradov 3y agoWe really don't know how fast the Chinese economy is growing. The numbers are largely made up by Party functionaries with no oversight; they often exaggerate and falsely claim to be meeting goals in order to keep their jobs. Independent analysis based on satellite imagery and import/export volumes indicates the growth rate is probably lower, but no one knows for sure.