An article literally from the same publication, "China’s statistics chief admits some economic data are false,"
oh man, wait till you find out about US economy https://www.unz.com/lromanoff/us-economic-statistics-unreliable-numbers/
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. 🫢
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.
It's almost like they're intertwined! Who could have guessed.
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.
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.
News from around the world!
Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc