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Can someone tell me how the WSJ arrived at $13,888.96 for China's GDP per capita in 2018? Did they just make it up?
I wonder if they still teach significant figures in schools.
EDIT: It also seems high unless they're using some sort of purchasing power adjustment.
China's GDP is growing at 6.3%. What was the last time the US grew at even close to that rate?
This video from last year was pretty eye opening to me. Shows uninhabited "new" ghost cities completely crumbling. There's no underlying value to the property bubble going on over there and the scale seems mind blowing. https://youtu.be/XopSDJq6w8E
Every time I read about China I never know it's just western propaganda or not (true vice versa ofc)
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Would you like to provide some evidence to the contrary for that or just a general "It's probably not true"? You could say the same about Western government debt that's creatively accounted, unemployment rates which avoid underemployment/participation and inflation which desperately needs to remain low to keep bond rates from bankrupting public balance sheets.
China has been cooking the books on their GDP for years: https://geopoliticalfutures.com/china-admits-its-statistics-...
Every time I read about China I never know it's just western propaganda or not (true vice versa ofc)
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Only tangentiao related but funny story. While visiting a college campus in China in 2012 our tour guide remarked about one of the dorm buildings... "This building is very old! Built in the 1980s!". I thought that was funny after growing up in New England.
I grew up in New England, visited historic sites like the Jamestown, Colonial Williamsburg, Castillo de San Marcos. I went to France and stayed in a house that was older than all of them, went to England and drank in a pub yet older. Time is relative.
He offered the counterpoint of, e.g., Chaco Canyon as something even older.
Time is indeed relative. That kind of perspective-check is awesome.
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Would you like to provide some evidence to the contrary for that or just a general "It's probably not true"? You could say the same about Western government debt that's creatively accounted, unemployment rates which avoid underemployment/participation and inflation which desperately needs to remain low to keep bond rates from bankrupting public balance sheets.
Here are a couple western think tanks who evaluated recent Chinese economic stats - CSIS in particular comprehensively reverse engineered Chinese GDP reporting from ground up- and concluded China is (1 trillion USD) larger than official numbers purports to be. Whole "Appear weak when you are strong, and strong when you are weak” Sun Tzu thing. Broken Abacus? A More Accurate Gauge of China's Economy https://www.youtub…
Argue about pennies all you want. China are eating up more and more of world GDP. In 1998 they produced 3% of the worlds total output. Choose whatever source you want to see where it is now.
Either people can wake up to it or continue consuming media pleasantries that make them feel better.
Can someone tell me how the WSJ arrived at $13,888.96 for China's GDP per capita in 2018? Did they just make it up?
> per-capita gross domestic product of $14,000 to $18,000 a year
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Do you trust the statistics coming out of the Chinese Communist Party?
I’ve been seeing the same article here rehashed since I was in elementary school over 20 years ago. I trust CCP statistics as much as I trust western reports about China. Which is to say, not at all. China probably isn’t as rich or powerful as it projects, but it’s also clearly not as weak and fragile as American media has been hoping all these decades.