Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

China's GDP Growth Pace Was Inflated for Nine Years, Study Finds

bloomberg.com

Post reply on HN
Print view View original

91–97 of 97 posts

Re: China's GDP Growth Pace Was Inflated for Nine Years, Study Finds

#91

Post by matthewrudy »

StreamBright wrote: post #80
matthewrudy wrote: post #78

Earlier quoted context omitted.

They're secondary points relating to quality of life and social security that distinguish Hong Kong from China.

Well in most Asian cultures taking care of your relatives and elderly is primarily done by the family. Offloading this duty to the state is not a sign of development but a sign of different culture. There are well regarded measures of human development, like the HDI. "The Human Development Index (HDI) is a statistic composite index of life expectancy, education, and per capita income indicators, which are used to ran…

My primary point was that Hong Kong is not directly comparable to cities in China.

I also readily say "Hong Kong is not China".

Although, as time goes on, the truth of that statement is eroded.

Re: China's GDP Growth Pace Was Inflated for Nine Years, Study Finds

#92

Post by resters »

majia wrote: post #83
abvdasker wrote: post #35

Earlier quoted context omitted.

Not going to dispute the facts of this comment, but to me this sounds like whataboutism, wherein the commenter tries to neutralize criticism by creating an equivalency with other entities which might be worthy of the same criticism. It's a rhetorical strategy that seems to come up a lot on the internet, especially when the CCP is the subject. https://en.wikipedia.org/wiki/Whataboutism

This seems a straw man argument. Whataboutism is not necessarily to neutralize critism. It is to show that sometimes China or a particular entity is held to a unreasonably high standard. How high the standard for GDP calculation is for debate, but we should not dismiss an argument by labeling it as whataboutism.

Exactly. My point in making the initial comment was not to defend China, but simply to attempt to prevent the knee-jerk "America has great institutions" jingoism that is such a common reaction to stories about corruption in foreign governments.

But as can be seen from my comment being brutally down voted, the force of jingoism is very strong.

Re: China's GDP Growth Pace Was Inflated for Nine Years, Study Finds

#93

Post by Latteland »

hungryhobo wrote: post #90
refurb wrote: post #79

Earlier quoted context omitted.

Just because you’re trading with a developing country doesn’t mean you should agree to unfair trade practices.

unfair how? certainly not according to WTO

Unfair in that at least until recently, it was basically a standard requirement that IP must be shared when building a factory in China, there was a required Chinese ownership component. That is unfair

Re: China's GDP Growth Pace Was Inflated for Nine Years, Study Finds

#94

Post by dis-sys »

ido wrote: post #85
dis-sys wrote: post #69

Earlier quoted context omitted.

> For example the Yangtze River Delta has more than 100m people (more than any European country) and GPD(PPP) per capita similar to Italy I won't make such comment by completely ignoring the wellbeings of other hundreds million people who live just a couple hours drive from the so called Yangtze River Delta. To name a few examples - Anhui province is so poor to the extent that it is offensive to ask people questions…

And the Ukraine is just 500km from Vienna. I don't dispute China is a developing country, I just think a lot of westerners don't realize how huge and - in parts - how developed it is. People hear "China is a developing country" and think it's comparable to countries like Bangladesh or Cambodia. But the tier-1 cities and their peripheries are not some tiny enclaves of wealth like Singapore, they are huge - bigger than…

> Ukraine is just 500km from Vienna

those are two vastly different independent countries.

> how developed it is

can we just cut all cheap talks and focus on undisputed facts and numbers? the undisputed facts here is extremely simple -

1. China's official GDP per capita is well below world's average.

2. The research in the OP article shows such official figure is highly inflated.

You can keep painting China as "developed" or "developed in some selected areas", the above undisputed facts won't change. Hundreds of millions of Chinese live well below the world average standard when it comes to their economic lives. Selectively ignoring the real life situation of hundreds of millions just to back what you believe is not that convincing.

Re: China's GDP Growth Pace Was Inflated for Nine Years, Study Finds

#95

Post by ido »

dis-sys wrote: post #94
ido wrote: post #85

Earlier quoted context omitted.

And the Ukraine is just 500km from Vienna. I don't dispute China is a developing country, I just think a lot of westerners don't realize how huge and - in parts - how developed it is. People hear "China is a developing country" and think it's comparable to countries like Bangladesh or Cambodia. But the tier-1 cities and their peripheries are not some tiny enclaves of wealth like Singapore, they are huge - bigger than…

> Ukraine is just 500km from Vienna those are two vastly different independent countries. > how developed it is can we just cut all cheap talks and focus on undisputed facts and numbers? the undisputed facts here is extremely simple - 1. China's official GDP per capita is well below world's average. 2. The research in the OP article shows such official figure is highly inflated. You can keep painting China as "develo…

Can we have a more subtle and less one-dimensional discussion? I'm not claiming you are wrong.

Re: China's GDP Growth Pace Was Inflated for Nine Years, Study Finds

#96

Post by xster »

dis-sys wrote: post #69
ido wrote: post #60

Earlier quoted context omitted.

China is huge and heterogeneous - the coastal cities are well developed and there are 100s of millions of people living in Shanghai, Beijing, Hong-Kong, Shenzhen etc who are well on their way towards western level of development. For example the Yangtze River Delta has more than 100m people (more than any European country) and GPD(PPP) per capita similar to Italy: https://en.wikipedia.org/wiki/Yangtze_River_Delta

> For example the Yangtze River Delta has more than 100m people (more than any European country) and GPD(PPP) per capita similar to Italy I won't make such comment by completely ignoring the wellbeings of other hundreds million people who live just a couple hours drive from the so called Yangtze River Delta. To name a few examples - Anhui province is so poor to the extent that it is offensive to ask people questions…

While I agree with the points you're making, I'm not too sure how much generalizable wisdom there is to extract from it. Forget a couple hours drive, I could take a 30s elevator ride to the ground floor in SF and see widespread medieval levels of existence.

Re: China's GDP Growth Pace Was Inflated for Nine Years, Study Finds

#97

Post by digitaltrees »

cryptonector wrote: post #43
digitaltrees wrote: post #33

Earlier quoted context omitted.

This article doesn’t support your original claim at all.

> This article doesn’t support your original claim at all. Could Fannie’s officers really have been accurately disclosing the risks the firm was taking shortly before its sudden collapse? It is here where the case got complicated. While he was chief executive, Mr. Mudd said that subprime mortgages accounted for about 2 percent or less of the mortgages Fannie Mae was insuring. The commission’s case largely rested on t…

Management fudging numbers is a big difference form “they weren’t allowed to disclose”
Post reply on HN