Chinese Economics Thread
- Thread starter Norfolk
- Start date
Doesn't calculation in real term makes the GDP figure less since it factor in inflation as well ?
How can 5% per annum growth brings 10k gdp/capita to 20k in a decade ?
1*1.05*1.05*1.05*1.05*1.05*1.05*1.05*1.05*1.05*1.05= 1.62
Appreciation of the RMB
broadsword
Brigadier
Other things being equal, it should take 4.138% per year.
Nominal growth = real growth + inflation
GDP growth are always reported in real terms.
Assuming 2% inflation, 5% growth = 7% nominal growth.
(1.07)^10=1.96
Hmm
Appreciation of RMB should be considered real GDP growth?
Growth are always reported in a country's own currency. So all reported Chinese growth figures are in RMB. RMB appreciation will make Chinese GDP catch up with US faster but it will not be reflected in reported GDP growth rate.
D
Deleted member 15887
Guest
If the RMB is appreciating, that means the Chinese economy is actually doing much, much stronger relative to the US (i.e. right now)
Also this nominal vs real growth difference is why the Western propaganda for the last 20+ years about how Chinese military budget growth being greater than Chinese GDP growth is, well, propaganda with zero meaningful content. Budget increases are always reported in nominal terms while GDP growth in real terms. The two figures are not even comparable.
AssassinsMace
Lieutenant General
More manipulation. Did China say it wanted to takeover the US's role in the world? They say that because anything short of that would mean China failed and that's what they want to be said. That's a difference between Americans and Chinese. Americans will tell you and everyone else what you're thinking not because it's true but to serve their propaganda. If a white person says the US is racist, it's totally a different connation than if I said the same thing. To them it's a self-reflection so they should be credited for admitting it and they're "working" on it so people shouldn't be angry at them so everyone should help to reduce tensions over any racial incidents because it's a process that everyone has to be patient because it can only "get better". If I say it, they see it as an indictment against them. Do you think when a white person charges Asians are racist, they're saying the same thing as when they say the US is racist? No, they want Asians to be punished and dealt with. That's what they see when I say that of them because that's their intention when they do it to Asians.
They say the US opened up to China because China promised it would reform to their liking as it got economically prosperous. No, they opened up to China because they wanted China to be a buffer for them against the Soviet Union during the Cold War. They never saw China being more than they were back then. It doesn't sound altruistic now, does it? Opening up to China was an act of self-interest and not thinking about others first. And after the Cold War was over, they turned on every country they didn't need anymore. Does that sound like altruism? They used people and now they want to spin how they were the victim of a broken promise that China never made. They're so distrustful of Chinese, you actually think if it did happen, they would just have China promise? They would've put in a treaty. That tells you they're the liar because they would be pulling out the treaty showing how China broke it and not make it look like they were a naïve innocent little white girl in her best Sunday church dress crying in her mommy's arms devastated because she was lied to.
Why would China want to takeover the US's role? They complain about being the world's policeman that no one but their allies want the US to be. It's a thankless job so why would China want that? They charge China is plotting to take over the world and turn everyone into slaves. Wouldn't that ruin it if China wanted to be looked up to and admired like they think the US is hence why they think China wants it? They can't even keep their propaganda straight.