SDF Chatter
  • Communities
  • Create Post
  • Create Community
  • heart
    Support Lemmy
  • search
    Search
  • Login
  • Sign Up
zerfuffle@lemmy.ml to World News@lemmy.ml · 1 year ago

Sorry America, China has a bigger economy than you

www.ft.com

external-link
message-square
7
fedilink
9
external-link

Sorry America, China has a bigger economy than you

www.ft.com

zerfuffle@lemmy.ml to World News@lemmy.ml · 1 year ago
message-square
7
fedilink
alert-triangle
You must log in or register to comment.
  • Showroom7561@lemmy.ca
    link
    fedilink
    arrow-up
    12
    arrow-down
    3
    ·
    1 year ago

    An article literally from the same publication, “China’s statistics chief admits some economic data are false,”

    • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
      link
      fedilink
      arrow-up
      9
      arrow-down
      9
      ·
      1 year ago

      oh man, wait till you find out about US economy https://www.unz.com/lromanoff/us-economic-statistics-unreliable-numbers/

      • Showroom7561@lemmy.ca
        link
        fedilink
        arrow-up
        4
        arrow-down
        2
        ·
        1 year ago

        I don’t doubt that the US does the same, but I’m not sure if an opinion piece citing other opinion pieces is the strongest evidence. 🫢

        • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
          link
          fedilink
          arrow-up
          9
          arrow-down
          9
          ·
          1 year ago

          I mean, you don’t have to look at opinion pieces to see that US cooks their numbers. It’s openly admitted on the BEA website. The whole imputation bit is basically fictitious GDP. For example, when a person buys a home, the government adds that person’s imaginary rent to the GDP. That is, if he didn’t buy a home, he would have spent X dollars on rent.

          https://www.bea.gov/help/faq/488

      • Jax@sh.itjust.works
        link
        fedilink
        arrow-up
        1
        ·
        1 year ago

        It’s almost like they’re intertwined! Who could have guessed.

  • cecinestpasunbot@lemmy.ml
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    That’s an interesting analysis. If it’s correct then it would suggest that while China has a larger economy it has yet to achieve the influence over international finance that the US currently enjoys.

  • PowerCrazy@lemmy.ml
    link
    fedilink
    arrow-up
    5
    arrow-down
    5
    ·
    1 year ago

    Fortunately as a militant leftist I don’t give a fuck about about imaginary numbers like the GDP. I care about the material conditions and quality of life of the average citizen as well as how much infrastructure the country builds for it’s citizens. In which case, well America is still pretty shit.

World News@lemmy.ml

worldnews@lemmy.ml

Subscribe from Remote Instance

Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !worldnews@lemmy.ml

News from around the world!

Rules:

  • Please only post links to actual news sources, no tabloid sites, etc

  • No NSFW content

  • No hate speech, bigotry, propaganda, etc

Visibility: Public
globe

This community can be federated to other instances and be posted/commented in by their users.

  • 732 users / day
  • 2.05K users / week
  • 4.76K users / month
  • 13.2K users / 6 months
  • 379 local subscribers
  • 35.9K subscribers
  • 14.4K Posts
  • 140K Comments
  • Modlog
  • mods:
  • Rumblestiltskin@lemmy.ml
  • AgreeableLandscape@lemmy.ml
  • Jack.@lemmy.ml
  • zephyreks@lemmy.ml
  • OurToothbrush@lemmy.ml
  • BE: 0.19.8
  • Modlog
  • Instances
  • Docs
  • Code
  • join-lemmy.org