Chinese Economics Thread

[tokenanalyst]

That's ppp not nominal. GDP ppp measures domestic purchasing power while nominal measures International purchasing power. 2 different concepts. China needs to surpass the USA in the nominal GDP to be seen as truly the largest economy.

NOPE, RAW OUTPUT is the REAL METRIC of a economy. Nominal is just PPP adjusted the currency, So if the Yuan all the sudden strengthen against that dollar China nominal GDP will grow overnight.

If the dollar collapse this year due, IDK, some Middle East Oil crisis, China will become the biggest economy in nominals terms.

 

[Heresy]

China needs to surpass the USA in the nominal GDP to be seen as truly the largest economy.

According to who? Seen as truly the largest economy by who?
Why does/should China care? Why should Chinese care? Why do you care?

 

[wuguanhui]

If US GDP figures include imputed rent, why don't they include imputed sex work? That way, each time the lards wank, they can add to the national GDP and masturbate America to greatness again.

 

[manqiangrexue]

China to surpass the USA around 2035 by the size of economy. China to remain first through 2050s, but it will slide to second by 2075 due to an aging society.

Generally, the closer the date, the more accurate the prediction. I say part A is true (unless China supresses the RMB) and part C is a shot in the dark.

That's ppp not nominal. GDP ppp measures domestic purchasing power while nominal measures International purchasing power. 2 different concepts. China needs to surpass the USA in the nominal GDP to be seen as truly the largest economy.

If China surpassed the US in nominal GDP, it would be the undisputed largest economy. PPP is for the domestic economy; nominal is for international trade. Every healthy economy is majority (>70%) domestic. So PPP is about a couple times more important than nominal. In China's case, it's about 3X. China is already truly the largest economy.

If US GDP figures include imputed rent, why don't they include imputed sex work? That way, each time the lards wank, they can add to the national GDP and masturbate America to greatness again.

China's GDP is tech and manufacturing; American GDP is education debt, interest fees, healthcare bills and litigation costs. A ingot of steel vs a brick of mud and hay with gold spray paint.