Is it true that China’s economy is 60% smaller than it is actually reporting?

0
2K

I saw at least four different videos on this and all of them have the same arguments and same format, and it goes like this.

China’s GDP growth looks impressive, but is it real, or is the C C P lying? We looked at the lights from satellite images and they aren’t as bright as those from free countries, so oh we think the C C P is lying. Even a high ranking C C P official said GDP data is man-made. How does the C C P lie? You see they build a bunch of useless real estates and infrastructure to meet GDP target which they report themselves without checks and balances, unlike free countries. Ghost cities, ghost cities, ghost cities. Building one road / bridge / airport is useful, but because GDP growth is the target, local C C P official might just build another useless one just for the hell of it. Let’s look back at the glowing lights. Based on the intensity of of the lights we estimate the Chinese economy to be actually 60% smaller than what they claim and only about a fraction the size of the US’ economy.

Let’s just do a quick gut check.

The link below shows the composition of China’s GDP by industry. Real Estate accounts for 6.1%. How can you fake enough data with ghost cities to account for 60% of GDP when the whole industry is only 6.1%?

 

 
 
China: GDP composition by industry 2022 | Statista
A breakdown of China's GDP suggests that the contribution of industry and retail was more sizable than that of other sectors.
 

 

Another dimension you can gut check with is global trade. China has surpassed the US as the top trade partner for the majority of the countries in the world. While it doesn’t account for everything related to GDP, it’s a better proxy than shiny lights. Is it more likely that a country less than half the economic size of the US out trades the US or that free countries should be a little more prudent with how often they leave on the lights?

Sponsorluk
PERMANENT Advert space for rent....... Contact: support@afriprime.net sappertekinc@gmail.com
Site içinde arama yapın
Kategoriler
Read More
Health
Cough Syrup Market Players, Synopsis, Surge, Future Scope, Analysis and Forecast to 2032
Cough Syrup Market The Cough Syrup Market is expected to grow at a high CAGR of 3.60% during the...
By vaibhavmrfr bir yıl önce 0 3K
Other
The Ultimate Comparison of Free Kick Viewer Bots: Which One is Right for You?
In today’s digital age, the need for efficient and reliable viewer bots has surged,...
By peterson34343 bir ay önce 0 470
Other
This company specializes in providing
In the bustling city of Riyadh, Saudi Arabia, there are many challenges that come with...
By mohammedrf822 bir yıl önce 0 2K
Other
Tips for Buying a Used iPhone in UAE
Buying a used iPhone in UAE can be a smart choice, offering you the premium experience of an...
By gary93088 5 ay önce 0 610
News
How to Perform Advanced Aerobatics in the Drone Champions League
The Drone Champions League (DCL) is not just about speed; it’s also a stage for showcasing...
By johnvick1 14 gün önce 0 157