Chinese Official's Shocking Confession: GDP Lies Exposed

America has the world's largest GDP. In 2022 it was estimated to have grown by 2.1% to more than $25 trillion. The second largest GDP in the world is China’s. The factory of the world. The miracle economy has benefitted from colossal GDP growth over the last two decades. Or has it? Could China be lying about its GDP? Are Chinese Officials incentivized to overstate their GDP?
#personalfinance #china #economics

[@dino2215]

When does china ever speak the truth..

[@XYZ-bi9eb]

"have they been lying for decades?" 🤣🤣🤣🤣🤣🤣🤣🤣🤣

[@Credit_Crunched]

....maybe.

[@user-jn7bq8wh1e]

A foundation based on lies is gonna crumble someday😅

[@blazejdrazkowski1608]

Od kilku lat , przynajmniej od 2008 roku chiny stosuja niejasne metody wyliczenia gdp. Gospodarka jest o minimum 30% mniejsza niz podaja .

[@teckchuonting4582]

US GDP is great, can just bump up the figure by issuing trillions of helicopter money

[@Credit_Crunched]

To the moon! 🚀

[@hedgehog_fox]

US #1

[@Credit_Crunched]

Seriously though, America may have some inflationary issues it needs to think about. We cover them in this video (shameless plug) th-cam.com/video/D7a16MpNnAo/w-d-xo.html

[@Angelthedog]

True, but why don't you put your money where your mouth is and go all in on China with your money?

[@nataliamundell6266]

For the algorithm

[@Credit_Crunched]

Appreciated!

[@QuantumBoyMacau]

I don't know if it's China under reporting their GDP or it's US over repkrting. I have luved in both country and I can assure you that the Chinese commercial activity is way higher than the US. Every streets you go in China, there are shops packed with shoppers.

[@Credit_Crunched]

Yes, I expect everyone finesses their GDP to a point. However, China still has plenty of poor people in the countryside which will bring down the per capita number. Plus if even Chinese officials are stating they are likely overstated we suspect they are.