That's already a larger consumer market than the entire population of the United States alone when it comes to luxury goods and first world consumer goods. Really shows the magnitude of the stupidity of western brands like H&M who went full retard on the yoghurt genocide blood libel.
Chinese Economics Thread
- Thread starter Norfolk
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Hong Kong could replace as financial haven. Over $240B USD withdrawn from the & Switzerland, flowing into Hong Kong and Singapore
@tphuang sir look at the this. i don't know how credible this information is. but still an important news.
80% of my stocks are index funds and etfs and I’ve stopped looking at them altogether since about two weeks ago.
I mean it's hard to say. I don't any kind of data to proof one way or the other.
Just wanted to know if China's economic stats are overstated, understated, or accurately reported. Anglos love to parrot that nighttime light study to claim that China is overstating. Yet in the same breath, they demand China to give up developing nation status at the WTO, suggesting that China is understating. OFC, decisive evidence is next to impossible to obtain as I know from family and friends that small businesses often pay no taxes in China. So which is it?
The nighttime light data is only 6 bit, and thus cannot capture the orders of magnitude difference between highly developed cities and moderate ones.
Btw, the reason it is 6 bit data only is because you don't need more granular data for strategic weapons targeting. They used an archaic military satellite for their analysis.
Chinese Economics Thread
It's less that China is underestimated and more than US is overestimated. America for example will count insurance payouts as transactions, no matter how overvalued these items are. Meanwhile, China doesn't count many newer sectors such as e-commence, despite having the largest such sector...
www.sinodefenceforum.com
WTF, so they had to scale no lights, village, small town, big town etc in a 0~64 integer value
Wow next time I should most definitely parse the papers instead of the news articles.
It is classical deception and data twisting. If published in an actual journal of geophysics, they'd be laughed out of the room. But since they were able to publish in the highly ideological field of economics, it's all good. Experimental integrity not so important, reaching the politically correct conclusion is important.WTF, so they had to scale no lights, village, small town, big town etc in a 0~64 integer value
Wow next time I should most definitely parse the papers instead of the news articles.
Yeah, we thoroughly debunked that study—but that's not what I want to know here. The WTO developing nation status comes with some benefits at the expense of the developed nations. Is China deliberately strawmanning its economic figures out of strategic considerations?