Mike’s Musings

Random thoughts, opinions, ideas and prognostications on the day's events.

Hey, but don’t worry. We can trust them on the numbers when it comes to Coronavirus.

Why does China overvalue its GDP? by Salvatore Babones Key point: Shave off a little growth every year for the last dozen years ago, and the cumulative effect is that China is now overstating its true GDP by nearly 20 percent.   China’s economy isn’t what it used to be (at least as recently as last week). Four intrepid economists—Wei Chen, Xilu Chen and Michael Song of the Chinese University of Hong Kong, along with Chang-Tai Hsieh of the University of Chicago—have taken a fine-toothed comb to Chinese economic data to try to tease out China’s true rate of economic growth since 2008. Not surprisingly, they found that China has been over-reporting its growth rate by an average of 1.7 percentage points every year. Report Advertisement Shave off a little growth every year for the last dozen years ago, and the cumulative effect is that China is now overstating its true GDP by nearly 20 percent.

Surprise: China’s Economy Is Smaller Than You Think | The National Interest

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Stella's Place

Politics | Talk | Opinion - Contact Info: stellasplace@wowway.com

The Republican News

Bringing news to the public

True Self

Awakening To Our True Nature

Cristian Mihai

builds stuff

WINTERY KNIGHT

...integrating Christian faith and knowledge in the public square

Deacon John's Space

Posting Roman Catholic & Pro-Life News & Views

Mike's Musings

Random thoughts, opinions, ideas and prognostications on the day's events.

JJ’s Outlook

Where Truth And Opinion Collide

There Will Be Bread

The intersection of faith and life.

Douglas Ernst Blog

Bare-knuckle commentary mixed with pop culture.

stillness of heart

MUSINGS : CRITICISM : HISTORY : PASSION

somebodylovesmeblog

Sharing God's love with the world, one heart at a time.

this is... The Neighborhood

the Story within the Story

%d bloggers like this: