The numbers are good enough, with the standard caveats.
And objectively speaking, I would say that Chinese governance has been better than the US for the past 20 years I've been looking at this.
Chinese Economics Thread
- Thread starter Norfolk
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The numbers are good enough, with the standard caveats.
And objectively speaking, I would say that Chinese governance has been better than the US for the past 20 years I've been looking at this.
broadsword
Brigadier
Which leaders? What were their comments?
His own assumptions.
broadsword
Brigadier
You wrote:
Show me where the Chinese leaders in your quoted article
have a hard time believing their own numbers.
Show me where the Chinese leaders in your quoted article
have a hard time believing their own numbers.
It's Caixin... the Minnie Chan of Chinese news sites, I wouldn't touch that outlet with a 100m pole. Also, they are quoting Bloomberg...
manqiangrexue
Brigadier
I believe that a whole lot more than I believe what Haterade-poisoned Westerners say. You have a problem interpreting articles. When an article says that some entity in China was caught doing something to puff up GDP, it shows that China pounces on this behavior to stop it as a bad apple. But people who specifically need to find ways to delude themselves to China's growth will say that this is a sign that China's entire economy is like the bad apple that was found, hunted down, and made an example of. It is basically the same logic that would assume that an entire country was made of criminals because a few are caught and sent to jail. Actually, China's gray market, unreported, untaxed transactions, is much larger than in the West, and China's stated internal goal is to underreport GDP in order to be considered a developing country for as long as possible.
On the other hand, Japan and especially the US are known to falsify economic data. In America's cause it even stupidly goes around publicly asking reporters to find ways to report the economy positively to drum up confidence in what is not there. America's economy isn't even calculated in a logical way; to appear larger, it adds nonsensical things like imputed rent, which is basically make-believe rent for if home-owners paid rent to themselves. China doesn't do any of this garbage; not only is the Chinese economy the largest economy by any honest measure, it is also by far the fastest-growing, most low-key, underreported and least boastful with the most potential.
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The way I understand bio fuels, etc, assuming that we are talking about gasification, is that you don't actually use the food stuff, but the waste material. We are talking about DDGS and the likes here right? Whoever that is importing corn to turn it into fuel and plastic should be shot.