I would imagine that their economy is larger because they produce 11 times more steel, 10 times more cement, 2.5 times more cars, and the largest shipbuilder by far, and 2.5 times more electricity, and also produce the most food by far.
@@sadako2009 Subway system that is extensive taking you to all parts of town and is not halted for repairs and maintenance. Also high speed trains system network that allows you to move quickly between urban areas that are far from each other clean streets and malls health system that is affordable, lifespan.
@@sadako2009GDP was never a good indicator and either is PPP. The best indicator was GNP, but China and others don’t want that visibility. You would see how much of the Chinese GDP is American industry like TESLA and Apple or Taiwanese like Foxconn.
@@joyceching6487 Deflation is only problematic if this is caused by a collapse in income. Deflation is marvellous if it is due to increased production even as incomes continue to rise, as this means that purchasing power also continues to rise, as is the case in China.
please don't tell them the truth. we Chinese are struggling in under a cruel and incompetent regime. Chinese industrial production overcapacity is totally a lie. China could never be a threat to the West
The actual GDP figures of China are much larger than the published figures. In the past two years, the exchange rate of the Chinese yuan against the US dollar has been depreciating, from 6.1 to 7.2, which is abnormal. In addition, there is a big data in China that is not included in GDP. The United States will convert all houses in the United States into rent and include it in US GDP every year, but China has not counted this. The number of houses in China is five times that of the United States. If all houses in China are converted into rent and included in GDP, China's GDP can instantly increase by trillions of dollars. As long as China appreciates the exchange rate to 6.1, its GDP converted into US dollars will also increase significantly. However, China has not done so. In order to achieve long-term development, China has given up the comparison of GDP
Wasn’t it because as a planned economy, China’s housing supply had outpaced natural progression and are 5 times the demand. As a prop for GDP while it was not converted to rent, the construction and maintenance of these so-call “ghost towns” actually inflates the GDP number and therefore make China’s economy larger than it really is?
The Chinese economy is large due to its ability to produce almost everything except small chips and sell to the Global South, as it was the only country that managed to be almost independent from the USA and not rely on them like Europe does now.
Chinese companies have successfully established the chip industry chain using their own technology in the past five years. From January to November 2024, China exported over 400 billion yuan worth of chips, more than half of which were produced by Chinese companies without USA and EU technic . China's chip industry chain is expected to develop and grow rapidly
US gdp is from financial market , such as of Wall Street. But nothing is produced and manufactured. It also received much income from its swift system.
@@brotherbig4651 The point is the US could never try to sanction or cut China off the dollar otherwise all that "debt" which is China saying IOU to America will be lost money for America and will contribute to hyperinflation in the dollar. Think: if I kept borrowing money from you (denominated in your currency) then you cut me off from speaking or seeing you, how will you ever get all your money back? I used all that borrowed money to buy myself chips, robots and everything else I needed byeeeee
Power: China Middle or regional powers: India, Japan & South Korea Other middle powers: Philippines, Indonesia, Vietnam, Thailand, etc. Weak countries: Cambodia, Brunei, Taiwan, Nepal, etc.
A good analysis! For China, being modest about or hiding their enormous and fast growing economy size may help avoid attracting US containment due to the latter`s increasing anxiety and desperation. Believe this is China's current strategy.
On the contrary it looks like they are trying to show off the strength they don’t have by forgiving debts and donating free school lunches to countries that are wealthier than China.
No it won't be. At one time yes HK's GDP was significant in comparison to the rest of China but now it's only 2-3% of the GDP of China mainland. Even if Taiwan is included there will be little increase. Which basically shows how massive China's economy is.
No, Hong Kong's GDP ranks only sixth among Chinese cities. I have been to Hong Kong several times. Hong Kong's urban area is too small compared to more than 30 first- and second-tier cities in China, and its economic scale has reached its limit.
However, GDP per capita does not take into account wealth distribution in a country. If wealth is highly concentrated in the top few percent of the population, then the rest of the population may be suffering financially. This is clearly the case in the United States. In China, quality of life is generally pretty good for everybody, despite having a much lower GDP per capita. The Chinese enjoy good and affordable health care. China has no homelessness. China has excellent infrastructure. China has very low crime making the country extremely safe. Inflation is very low and the cost of living is also very low (except perhaps for real estate in large cities).
@@misterbig9025 There are claims that india's economy is 2X that of china but other experts say india needs 100 years to even reach the shoulders of china.
China's GDP can only be under estimated due to the incomplete statistics in most rural areas, where people can freely build their houses as large as they want and as many stories they want never registered or reported to the government. This can never happen in north america where everything we do needs permit and government registration. Also, countless pedlers of food and other goods on streets of evety city are never counted in GDP.
🤣🤣🤣 ... I LOVE THIS --> China "LIED," "LIES," "L-I-A-R" ! While America Is An International 😂"TRUTH"😂 Peddler. Everything Churned Out By BS USA Should And Must Be Taken At FACE VALUE. 😂😂😂...
@@horridohobbies military spending is considered effective GDP because the spending does percolate to consumption and also since it usually have a “buy America” clause it is even more effective.
And then you look at parameters outside of GDP : Life expectancy in China has surpassed that in the U.S. (and this reflects everything from healthcare to nutrition to sanitation and living conditions) Protein intake in China per capita also exceeded that in the U.S. beginning in 2021. Moreover, in China, this consists of a higher proportion of plant protein, which is healthier. This is a reflection of both absolute nutritional intake as well as nutritional quality. One only needs to look at photos of open air markets and supermarkets in every town and city in China and compare them to those in the U.S. to realise that the abundance and choice of food in China also far surpasses what is available to US consumers. Aggregate household savings in China is approximately US$ 20 TRILLION. In the U.S., the figure is US$ 800 BILLION. Even taking into account that the Chinese population of four times that of the U.S. and scaling up, this comes to only US$3.2 trillion or about one sixth. Average living space per capita in the U.K. is 38 sq m. The figure for China is 42.5 sq m. which is comparable to that in France (43 sq m) and only just behind that in Germany (46 sq m) When you take into account that in the 1970’s, this figure for China was around 8.0 sq m, one concludes also that much of Chinese housing is also new. U.S. is the outlier at close to 100 sq m - this is the one parameter that is much higher in the U.S. presumably due to all the MacMansions. There is broad agreement that infrastructure in China far surpasses that in the U.S. from 5G connectivity to High Speed Rail to Subway systems and road networks. Literacy in the US has also fallen behind China. So looking at all the above, PER CAPITA living standards in China are hardly less than those in the U.S. even though GDP figures would imply that they are somewhere between one third and one quarter.
@ You can Google all the above : life expectancy, living space per capita (just insert the country after it), protein intake per capita etc. I generally choose Western sources simply to bypass the accusation that these are China’s falsified numbers. I also keep a file of any data I come across that is interesting. One of the best sources for China is Kevin of “Inside China Business” : if you are interested at all in China, I would look up his channel and start viewing all his videos : they are very short, succinct, and easy to watch - usually 10-12 minutes long only and chock full of charts and figures with sources, so it is basically stats rather than opinion, with only a conclusion in summary at the end. Unfortunately these UA-cam commentaries do not appear to allow one to paste anything otherwise I would you send some charts eg. Protein intake per capita 2021 (China 124.61g/ day. USA 124.33g/day was the first time China surpassed the U.S. - for comparison India 70.52g/day also gives you an idea of the level of development there) on www.business-standard.com
From what we can see or read here, it’s ludicrous that a country GDP is measured in US dollar but this dollar exchange rate is fluctuating anytime. PPP is actually more accurate in calculating country’s GDP for global economy comparison
It would be better to announce the real size of Chinese GDP, this will make Americans'life easier, because they don't need to hardly run in the front of China.
Okay, I am no academic. But a slab of butter cost 10 CAD. Now I don’t know if it cures cancer but the median household where I am at is 90K cad. I don’t know if nominal GDP means anything to working class.
China's real GDP actually surpassed that of the US in 2014. The only reason why the US GDP in nominal terms looks bigger is because the dollar became the international currency and its value swelled by about two times. This made the US GDP in nominal terms about twice as big as the rest of the world.
I do not understand, even by US GDP measure China has grown 4-5% since 2019 and the US has grown no more than 2.5%, so how are they further ahead by 10 trillion since 2018 now?? hmm something fishy here, not right. I think China is within 5tr or less even by US measures
@@Khan_is_mongol The exchange rate of the RMB vs the USD has fallen, thereby inflating the nominal GDP of the U.S. (US$ 1.00 = RMB 6.45 in 2021. Today, US$ 1.00 = RMB 7.25. That is a fall of 11% : 6.45/7.25 = 0.89)
Who is "BEHIND ASIA" it says for asia, but the channel is from Australia which is in Oceania region. The lack of disclosure about who is the writer and funded them are concerning
one of the better way to determine each country economy power is it yearly budget, clearly US is much higher but unfortunately its citizen never enjoy it due to their money final destiny never spent on them...
GDP is dictated by the USD fluctuation. GDP can change overnight depending on the behavior of the USD, therefore, is not a perfect economic measure. PPP, although imperfect, is a better measure because it takes into account the real improvement in living standards of the people
you pay $15 for your berg and Chinese pay $5 that are counted as GDP, for the similar cars, US consumers pay double or triple price that are counted as GDP, in 2023 11.9 and 13.4 millions of cars were sold in both of countries. So you know GDP does not directly reflect the size of economy.
I can tell you this, a figure you managed to leave out of all your statistics, the annual average income person tells you the wealth of a country. In the U.S. that figure is over $50,000 per person, i don't know the exact figure. In China it is under$10,000 per person(of course China has 4 times the population of the U.S. The currency exchange rate doesn't change these numbers, when you adjust equally for each country. The U.S. is far wealthier in aggregate, as well as each individual annual income. Take our incomes to China(we will live like kings). This is why ex-pats(mostly retirees) move to other countries and live at a very high standard of living. If they can adjust to the new culture.
What you are describing is an artefact produced by exchange rates where the USD buys far more of every other currency than is justified by its purchasing power in the U.S. : this is a result of its being the the reserve currency of the world - The so called “Exorbitant privilege” enjoyed by the reserve currency. Prices in China are one fifth to one tenth those in the U.S. So remove the reserve currency status and you will find that the USD will plummet in value against every currency in the world, especially currencies of the “Global majority”. This is what happened in the second half of the 20th century to the British pound as it lost its world reserve currency status. THIS is why you can retire abroad and live like a king, because the USD is vastly over-valued. It is not real wealth (the productive capacity of a nation) but “wealth” generated by an over-valued currency. Hence the global drive towards gradual “de-dollarisation” that Trump has sworn to fight with “sanctions” - a loosing battle.
China's manufacturing added value, power generation, and grain production are all twice that of the United States. The per capita animal protein intake in China is higher than that in the United States, the per capita consumption of vegetables and fruits is five times that of the United States, and the per capita life expectancy is higher than that of the United States. So, there is no need to compare GDP.
To compair GDP or PPP of different accounting system is pure none sense. There no universary standard to collect and calculate this number. It make more sense to compare the GDP growth figure.
While the size is overstated, it is not as drastic as the most drastic predictions of say 60% sized. Light pollution indicators while under expectation, don’t account for activities that generate gdp while using less light than normal, such as if you built millions of unused “ghost city” flats, which do not correlate well relative to light if no one uses them but can still be bought and sold many times, worsened by the real estate reliant tax structures of localities to build them. Technically valid gdp but about the same level of usability as an NFT. Despite this, they do have a massive power consumption and energy imports that correlates better with gdp growth and also export growth figures, which are much harder to obfuscate. Overall, the size is probably 1-3 trillion less than stated.
GDP is the total amount of economic activity, neither sales nor profits.It's not money, it's just a statistic of the total amount of economic activity.There are both good and bad economic activities, but regardless of whether they are good or bad, they will lead to an increase in the total amount of economic activity. If you build a building that is unfinished or build a high-speed railway station that is unfinished, it will increase GDP. However, these buildings and high-speed railway stations cannot be used, no one will use them, or they will be abandoned. You have to demolish them, and GDP will increase again. Construction and demolition are both economic activities, with GDP surplus twice, and actual GDP should be zero or even negative. This phenomenon is quite common. There are numerous abandoned buildings throughout the country. So sometimes it's best not to use GDP to describe the economy, as it can be very misleading.
this video start by discussing about whether china is lying about their GDP or not . and continue by talking about number and number from unkown source . The one and only source of information about cina GDP is : NATIONAL BUREAU OF STATISTIC OF CHINA . That information is the source of the suspicion . AND THIS VIDEO IS KEEP USING IT AS THE MAIN SOURCE
GDP是经济活动总量，既不是销售额，也不是利润，更不是钱，就是个经济活动的统计数字。然而并非所有的经济活动都能对经济产生正面影响，很多也会产生负面甚至巨大的负面影响，房地产崩盘就是个例子。你建一个大楼，烂尾了，你修一个高铁站，烂尾了，但都增加了GDP，但这些大楼和高铁站不能用，没人用或者烂尾了，你不得不把它们拆了，你把它们拆了，又增加了一次GDP。建和拆都是经济活动，GDP盈两次，实际GDP应该是零甚至负的。这种现象比较普遍。全国的烂尾楼比比皆是。所以有时候最好不要拿GDP说经济，因为它可能会非常误导。GDP is the total amount of economic activity, neither sales nor profits. If you build a building that is unfinished or build a high-speed railway station that is unfinished, it will increase GDP. However, these buildings and high-speed railway stations cannot be used, no one will use them, or they will be abandoned. You have to demolish them, and GDP will increase again. Construction and demolition are both economic activities, with GDP surplus twice, and actual GDP should be zero or even negative. This phenomenon is quite common. There are numerous abandoned buildings throughout the country. So sometimes it's best not to use GDP to describe the economy, as it can be very misleading.
GDP is a good measure when comparing 1st World free-market economies (apples to apples), but it fails miserably when comparing Authoritarian Cultures/Extractive Governments, which heavily manipulate their currency, markets, and state-owned monopolies. Given this difference, China's GDP must be heavily devalued by at least 20% in this apples-to-crabapples comparison. In 1989 the city of Tokyo was valued as the same as all of the continental US. Japan (free-market democracy) has since spent 35 years in economic stagnation. The situation is now much worse for CCP gang China, which is an Authoritarian Culture, is hated worldwide, is 300% of its GDP in debt (a world record), most of which investment was wasted on Tofu Dreg crap with a limited life, its crappy Real Estate is overvalued by at least 5 fold (like Japan in 1989). And it is faced with the loss of all its world market share (foreign investors fled, sanctions and tariffs incoming). Which is the only reason it escaped the Mao Era's abject poverty, injustice, and death. After over 40 years of uplifting by foreign investors, no one can name a single world-class Chinese company, that is a leader in its field. There is no SpaceX, Amazon, Apple, Nvidia, etc. in China. Maybe you think TikTok is world-class rather than derivative and easily replaced. China produces nothing that cannot be made elsewhere with "less risk", higher quality, and frequently at less cost.
There is lot information coming from China is vague, and lot of Opacity numbers does not add up if you do little bit research. In 2020 June India and china had a military clash. India admitted 20 soldiers dies and there were given full military honors and where as china said nothing happened and after nine months they said four Chinese soldiers died.
What does it have to do with China's economy?????? If you talk like that, then USA war on terror? white powder? WMD? Iraq, Afghanistan, Syria, etc. If you do a little bit research, you'll find American's Dream lol.
That's because China doesn't see India as an adversary and the Indian direction is not a strategic priority for China. China's core interests lie in national unity, in the eastern seaboard, and its rivals are the United States and Japan. China is not willing to get into conflict with India or to embarrass India and thus get into trouble. Victory over a much weaker foe is not worth boasting about, and the Galvan conflict itself is nothing worth detailing, so what can be done with a win? The Chinese army captured dozens of Indian soldiers, took a large number of photographs, and later handed over the captives to the Indian side. China didn't make a big deal out of it, only when the Indian side was bragging about killing 45 Chinese soldiers/108 Chinese soldiers did they release some photos on foreign forums and make it clear that there were a lot more photos, but ultimately it wasn't publicized and not many people knew about it. We Chinese don't like to brag about such things, but of course, if it was the Indians, they would have bragged about it already. Captured Indian soldiers are “hands on the head, grab the ears” kneeling, this is an Indian custom? If you are interested, you can see here. www.skyfall.ink/zygx/158.html www.skyfall.ink/zygx/159.html Translated with DeepL.com (free version)
China's current problem is that rural development far from urban areas is stagnant. In the future, it is necessary to concentrate a large number of rural population in more than 300 regional central cities across the country. Rural areas should be transformed into standard farms to solve rural development problems. The three northeastern provinces have already started to do so, and they can supply food for more than 400 million people.
According to Jose Rizal,a Filipino novelist, the Chinese understate their size and fortune in good times and overstate in challenging times.Following this line of thinking, China's economic size in 2022 is probably 23 trillion dollars -a trillion shy away from America's of that year.But today ,given the obvious Chinese trumpeting, it is probably only between 10-11 trillion dollars.
@jameschalkwig787 Because of the huge population size and the opening of China's market it was inevitable that Hongkong would be eclipsed by Shenzen.China is a powerhouse in manufacturing because of the western economic playbook.The least China could do was to be grateful and supported the international order.Instead it operated surreptiously to undermine the western international order.Talking about biting the hand that feeds it.
Is PPP purchasing power parity get look at US so what GDP per capita is higher people are homeless and most in proverty and look at debts in US it collapse waiting to happen.with bric us cannot keep printing toilet papers.😅😅
In US 3 billionaires has more wealth than 50% of the US population. In China wealth is evenly distributed. So the measure of GDP per capita is misrepresented.
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
Unprofessional analysis. there are so many factors to be considered such as dermographic features, public service, infrastructure etc. China is miles aways from becoming a developed country.
I recommend that you travel to China for two or three weeks take the high-speed trains from one or centre to another. It would be amazed with what’s going on in that country.
You should travel to China. The quality of China's infrastructure and public services is several times better than that of the United Kingdom or the United States. Also, take my loyal advice and don’t trust the Western media.
🙈🙈😁😁Now, the Chinese economy is collapsing. They don't have money, so they are inviting Korean tourists without a visa. But Chinese people can enter Korea only if they have a Korean visa.
Hii , I am a web devloper and also manage social media mam . I also do editing I work with influencer . If you want editor or social media manager for your profile then you can message me
Do you believe that China will one day surpass the United States in nominal GDP?
In less than two decades,,,, yes
不可能，美國和西方各國已經發現中國的陰謀了，不可能放任中國做大。
Yeah, i think there's a big chance
Not sure we will just see and find out because others will disagree with this answer
Between 2035-2040
I would imagine that their economy is larger because they produce 11 times more steel, 10 times more cement, 2.5 times more cars, and the largest shipbuilder by far, and 2.5 times more electricity, and also produce the most food by far.
The gdp from financial services don't produce anything.
Also, rent in China don’t count in GDP
400 times more ships
GDP from wall st,medical service,lawyer ,means nothing when in war 😂
When you can discover it, it's already too late
The GDP isn’t even good measure anymore. You just need to look at the quality of life between countries.
Agree
PPP is more valid.
by quality, you need to have certain measures..what is the measure or metric you will use to define that? :)
@@sadako2009
Subway system that is extensive taking you to all parts of town and is not halted for repairs and maintenance. Also high speed trains system network that allows you to move quickly between urban areas that are far from each other clean streets and malls health system that is affordable, lifespan.
@@sadako2009GDP was never a good indicator and either is PPP. The best indicator was GNP, but China and others don’t want that visibility. You would see how much of the Chinese GDP is American industry like TESLA and Apple or Taiwanese like Foxconn.
I visited China this summer, the price of almost everything in China is about 1/3 to 1/4 of that in USA. even Tesla is 30% to 40% cheaper in China.
PITY THE 😂"SUFFERING"😂 CHINESE ...
Their Country 🇨🇳 Is Going Through DEFLATION.
🤣🤣🤣 ...
Sinophobia is inheritance deep in US DNA , plus russophobia and Islamophobia.
@@joyceching6487 Deflation is only problematic if this is caused by a collapse in income. Deflation is marvellous if it is due to increased production even as incomes continue to rise, as this means that purchasing power also continues to rise, as is the case in China.
please don't tell them the truth. we Chinese are struggling in under a cruel and incompetent regime. Chinese industrial production overcapacity is totally a lie. China could never be a threat to the West
Cost effective and durable goods are a bonus for me, what not to like? More money saved for food and retirement..
The actual GDP figures of China are much larger than the published figures. In the past two years, the exchange rate of the Chinese yuan against the US dollar has been depreciating, from 6.1 to 7.2, which is abnormal. In addition, there is a big data in China that is not included in GDP. The United States will convert all houses in the United States into rent and include it in US GDP every year, but China has not counted this. The number of houses in China is five times that of the United States. If all houses in China are converted into rent and included in GDP, China's GDP can instantly increase by trillions of dollars. As long as China appreciates the exchange rate to 6.1, its GDP converted into US dollars will also increase significantly. However, China has not done so. In order to achieve long-term development, China has given up the comparison of GDP
Wasn’t it because as a planned economy, China’s housing supply had outpaced natural progression and are 5 times the demand. As a prop for GDP while it was not converted to rent, the construction and maintenance of these so-call “ghost towns” actually inflates the GDP number and therefore make China’s economy larger than it really is?
我们不需要从外部购买任何工业品，汇率从6.1到7.2并不影响我们国内物价，并且国内因为竞争激烈，价格更便宜。所以7.2的汇率更有助于我们出口生意。可能进口能源和矿物会受影响，但我们是最大买家也有议价能力。所以我们并不在乎名义GDP什么时候超越美国，没有任何意义。
N
You're so smart. There's no need for transparency in the first place. Is the world transparent
You don't understand how GDP is calculated. It does not include assets like houses...
The Chinese economy is large due to its ability to produce almost everything except small chips and sell to the Global South, as it was the only country that managed to be almost independent from the USA and not rely on them like Europe does now.
@@MarktYertd
China became rich because of the collective west.This is fact.
Chinese companies have successfully established the chip industry chain using their own technology in the past five years. From January to November 2024, China exported over 400 billion yuan worth of chips, more than half of which were produced by Chinese companies without USA and EU technic . China's chip industry chain is expected to develop and grow rapidly
You say it yourself...Almost...😂😂😂😂😂😂😂😂😂
@@MelvinStaRita-yb2fm100%...ince the nineties, trillions of dollars invested in China...
@@frank-js9nfown technology??...😂😂😂😂😂😂😂😂😂
US gdp is from financial market , such as of Wall Street. But nothing is produced and manufactured. It also received much income from its swift system.
China is more focused on quality sustainable growth and their main concern on dollar is how to further decouple from it.
😂😂😂😂😂😂😂😂😂
Sustainable growth so they created massive debts that surpassed the US's amount?
@@brotherbig4651 The point is the US could never try to sanction or cut China off the dollar otherwise all that "debt" which is China saying IOU to America will be lost money for America and will contribute to hyperinflation in the dollar.
Think: if I kept borrowing money from you (denominated in your currency) then you cut me off from speaking or seeing you, how will you ever get all your money back? I used all that borrowed money to buy myself chips, robots and everything else I needed byeeeee
Asia's super power
Power: China
Middle or regional powers: India, Japan & South Korea
Other middle powers: Philippines, Indonesia, Vietnam, Thailand, etc.
Weak countries: Cambodia, Brunei, Taiwan, Nepal, etc.
🙈🙈🙈🐕🐕🐕😁😁😁
I don't think so Maybe currently
Their GDP is not true
Yes, my country india is superpower country. U r right
A good analysis! For China, being modest about or hiding their enormous and fast growing economy size may help avoid attracting US containment due to the latter`s increasing anxiety and desperation. Believe this is China's current strategy.
On the contrary it looks like they are trying to show off the strength they don’t have by forgiving debts and donating free school lunches to countries that are wealthier than China.
China's actual GDP is more than the double of 18 trillion dollars. They hide the number to make happy the US.😂
One thing for sure is that litigation is not Included in China’s GDP calculation.
But they included meaningless repeated construction of infrastructures and the useless work done by useless government officials.
Your video shows Hong Kong’s scenes rather than China’s. If you include HK’s GDP in the calculation the GDP would be much higher
No it won't be. At one time yes HK's GDP was significant in comparison to the rest of China but now it's only 2-3% of the GDP of China mainland. Even if Taiwan is included there will be little increase. Which basically shows how massive China's economy is.
The scene is not Hong Kong but China Mainland, because cars in Hong Kong drive on the left.
@@amandagrant4331 but i found hong kong double deck bus, mini bus and taxi, traditional chinese texts 😂
@@amandagrant4331 The street scenes are all of Hongkong's except the one in the beginning of this video.
No, Hong Kong's GDP ranks only sixth among Chinese cities. I have been to Hong Kong several times. Hong Kong's urban area is too small compared to more than 30 first- and second-tier cities in China, and its economic scale has reached its limit.
However, GDP per capita does not take into account wealth distribution in a country. If wealth is highly concentrated in the top few percent of the population, then the rest of the population may be suffering financially. This is clearly the case in the United States.
In China, quality of life is generally pretty good for everybody, despite having a much lower GDP per capita. The Chinese enjoy good and affordable health care. China has no homelessness. China has excellent infrastructure. China has very low crime making the country extremely safe. Inflation is very low and the cost of living is also very low (except perhaps for real estate in large cities).
❤well done China well done BRICS cooperation is BETTER than conflict.
Logically yes it should if free trade is allowed to continue in peace; and the digital oligopoly/ empire is kept in check.
Unfortunately, China doesn't want peace, it wants unfair competition.
China wants to cheat all the time
How big is the Indian economy? Some people claim it has been exagerated looking at its hygiene.
Ok… avoid India… I don’t want to share my winnings.😂
Seeing how much Indians love to over exaggerate things about themselves, I wouldn't be surprised if they also exaggerate their economy growth.
ignore India . it is an insignificant country
@@misterbig9025 There are claims that india's economy is 2X that of china but other experts say india needs 100 years to even reach the shoulders of china.
@@mindguru22y? Just because my country india is superpower country? And you feel threaten?
China's GDP can only be under estimated due to the incomplete statistics in most rural areas, where people can freely build their houses as large as they want and as many stories they want never registered or reported to the government. This can never happen in north america where everything we do needs permit and government registration. Also, countless pedlers of food and other goods on streets of evety city are never counted in GDP.
On the other hand, US GDP is highly inflated by taking many silly things as contributions to GDP, for example, the very wasteful military spending.
🤣🤣🤣 ... I LOVE THIS --> China
"LIED," "LIES," "L-I-A-R" !
While America Is An International 😂"TRUTH"😂 Peddler. Everything Churned Out By BS USA Should And Must Be Taken At FACE VALUE.
😂😂😂...
@@horridohobbies military spending is considered effective GDP because the spending does percolate to consumption and also since it usually have a “buy America” clause it is even more effective.
And then you look at parameters outside of GDP :
Life expectancy in China has surpassed that in the U.S. (and this reflects everything from healthcare to nutrition to sanitation and living conditions)
Protein intake in China per capita also exceeded that in the U.S. beginning in 2021. Moreover, in China, this consists of a higher proportion of plant protein, which is healthier. This is a reflection of both absolute nutritional intake as well as nutritional quality.
One only needs to look at photos of open air markets and supermarkets in every town and city in China and compare them to those in the U.S. to realise that the abundance and choice of food in China also far surpasses what is available to US consumers.
Aggregate household savings in China is approximately US$ 20 TRILLION. In the U.S., the figure is US$ 800 BILLION. Even taking into account that the Chinese population of four times that of the U.S. and scaling up, this comes to only US$3.2 trillion or about one sixth.
Average living space per capita in the U.K. is 38 sq m. The figure for China is 42.5 sq m. which is comparable to that in France (43 sq m) and only just behind that in Germany (46 sq m) When you take into account that in the 1970’s, this figure for China was around 8.0 sq m, one concludes also that much of Chinese housing is also new.
U.S. is the outlier at close to 100 sq m - this is the one parameter that is much higher in the U.S. presumably due to all the MacMansions.
There is broad agreement that infrastructure in China far surpasses that in the U.S. from 5G connectivity to High Speed Rail to Subway systems and road networks.
Literacy in the US has also fallen behind China.
So looking at all the above, PER CAPITA living standards in China are hardly less than those in the U.S. even though GDP figures would imply that they are somewhere between one third and one quarter.
from where did you find this data?
@
You can Google all the above : life expectancy, living space per capita (just insert the country after it), protein intake per capita etc. I generally choose Western sources simply to bypass the accusation that these are China’s falsified numbers.
I also keep a file of any data I come across that is interesting. One of the best sources for China is Kevin of “Inside China Business” : if you are interested at all in China, I would look up his channel and start viewing all his videos : they are very short, succinct, and easy to watch - usually 10-12 minutes long only and chock full of charts and figures with sources, so it is basically stats rather than opinion, with only a conclusion in summary at the end.
Unfortunately these UA-cam commentaries do not appear to allow one to paste anything otherwise I would you send some charts eg. Protein intake per capita 2021 (China 124.61g/ day. USA 124.33g/day was the first time China surpassed the U.S. - for comparison India 70.52g/day also gives you an idea of the level of development there) on www.business-standard.com
@@Seeker2324 ohhh thanks man
平均蔬菜🥬量也远超美国，美国饮食就是面包夹一片生菜。中国一个三口之家一顿饭，至少两个素菜，以中国煮炒的烹饪方法，至少要消耗1kg蔬菜，而美国一片叶子150g
The same plate of Mapo Tofu contributes $0.50 to China's GDP, but it can contribute $15 50 USA's GDP.
From what we can see or read here, it’s ludicrous that a country GDP is measured in US dollar but this dollar exchange rate is fluctuating anytime. PPP is actually more accurate in calculating country’s GDP for global economy comparison
It would be better to announce the real size of Chinese GDP, this will make Americans'life easier, because they don't need to hardly run in the front of China.
Okay, I am no academic. But a slab of butter cost 10 CAD. Now I don’t know if it cures cancer but the median household where I am at is 90K cad. I don’t know if nominal GDP means anything to working class.
US GDP more reply on service and finance. China GDP has more industrial output.
National debt is added to gdp, not subtracted. Us debt is wild
China's real GDP actually surpassed that of the US in 2014. The only reason why the US GDP in nominal terms looks bigger is because the dollar became the international currency and its value swelled by about two times. This made the US GDP in nominal terms about twice as big as the rest of the world.
I do not understand, even by US GDP measure China has grown 4-5% since 2019 and the US has grown no more than 2.5%, so how are they further ahead by 10 trillion since 2018 now?? hmm something fishy here, not right. I think China is within 5tr or less even by US measures
US growth is fuelled by speculation compared to China which grows on production and services.
美国通货膨胀 印钞票😂
Printing money is included in the US gdp . They get free money from their SWIFT monetary system.
@@Khan_is_mongol The exchange rate of the RMB vs the USD has fallen, thereby inflating the nominal GDP of the U.S. (US$ 1.00 = RMB 6.45 in 2021. Today, US$ 1.00 = RMB 7.25. That is a fall of 11% : 6.45/7.25 = 0.89)
因为中国故意让汇率下降，我们不需要从国外进口任何工业品，汇率下降更有利于我们的出口生意。而国内以人民币计价的所有消费因为竞争激烈，反而更便宜。国内老百姓买的到全世界最便宜和最优质的工业品。国外出口汇率优势赚更多。谁在乎以美元计价的名义GDP超没有超过美国呢？
China's GDP had way passed the USA, if you visit China, you can see it yourself
Who is "BEHIND ASIA" it says for asia, but the channel is from Australia which is in Oceania region. The lack of disclosure about who is the writer and funded them are concerning
Taiwan too China 🇨🇳 Not country 😅but why not here in map 🗺 Lol .
improve your English or just use translator. Plus, there’s a lot of facts available beyond the GFW
one of the better way to determine each country economy power is it yearly budget, clearly US is much higher but unfortunately its citizen never enjoy it due to their money final destiny never spent on them...
China's economy is about $168 trillion dollars per year
@@Freedmen-American-Reparations its RMB value in GDP-PPP approach, nothing wrong...
We have to start thinking about instead than using gdp as a form of calculation of cuntry growth. We should use hdi growth.
GDP is dictated by the USD fluctuation. GDP can change overnight depending on the behavior of the USD, therefore, is not a perfect economic measure. PPP, although imperfect, is a better measure because it takes into account the real improvement in living standards of the people
you pay $15 for your berg and Chinese pay $5 that are counted as GDP, for the similar cars, US consumers pay double or triple price that are counted as GDP, in 2023 11.9 and 13.4 millions of cars were sold in both of countries. So you know GDP does not directly reflect the size of economy.
China is growing, US is shrinking .
Seeing is believing. One would think China is already way ahead in infrastructure and tech and quality of life for its over billion people
Germany Japan, maybe china will follow their path
I can tell you this, a figure you managed to leave out of all your statistics, the annual average income person tells you the wealth of a country. In the U.S. that figure is over $50,000 per person, i don't know the exact figure. In China it is under$10,000 per person(of course China has 4 times the population of the U.S. The currency exchange rate doesn't change these numbers, when you adjust equally for each country. The U.S. is far wealthier in aggregate, as well as each individual annual income. Take our incomes to China(we will live like kings). This is why ex-pats(mostly retirees) move to other countries and live at a very high standard of living. If they can adjust to the new culture.
What you are describing is an artefact produced by exchange rates where the USD buys far more of every other currency than is justified by its purchasing power in the U.S. : this is a result of its being the the reserve currency of the world - The so called “Exorbitant privilege” enjoyed by the reserve currency.
Prices in China are one fifth to one tenth those in the U.S.
So remove the reserve currency status and you will find that the USD will plummet in value against every currency in the world, especially currencies of the “Global majority”. This is what happened in the second half of the 20th century to the British pound as it lost its world reserve currency status.
THIS is why you can retire abroad and live like a king, because the USD is vastly over-valued. It is not real wealth (the productive capacity of a nation) but “wealth” generated by an over-valued currency. Hence the global drive towards gradual “de-dollarisation” that Trump has sworn to fight with “sanctions” - a loosing battle.
good way of comparing the real wealth of a country
China's manufacturing added value, power generation, and grain production are all twice that of the United States. The per capita animal protein intake in China is higher than that in the United States, the per capita consumption of vegetables and fruits is five times that of the United States, and the per capita life expectancy is higher than that of the United States. So, there is no need to compare GDP.
It depends when feb drop interest rate and dollar start to softening
不需要只要一大堆概念去质疑中国，只要看看中国的城市，农村，人民的生活水平。
多少人口，住多大房子，有什么电器，冰箱里有什么食物，超市里有什么商品。开什么车，穿什么衣服。
城市农村的道路怎么样，基础设施怎么样，公交系统，电力系统，电信系统，能源供应。
部队使用什么武器，导弹，飞机，军舰多少数量。
你就知道中国啊经济规模有多大。
To compair GDP or PPP of different accounting system is pure none sense. There no universary standard to collect and calculate this number. It make more sense to compare the GDP growth figure.
中國一直宣傳自己多麼強盛，明顯是"已發展完成的國家"，但他們卻說自己是"發展中的國家"，因為中國想擁有更多優惠的關稅。
因为体量大啊,又不代表人民人均收入达发达水平了
我们对你们台湾有早收清单，对全球46个欠发达地区单方面零关税。
While the size is overstated, it is not as drastic as the most drastic predictions of say 60% sized. Light pollution indicators while under expectation, don’t account for activities that generate gdp while using less light than normal, such as if you built millions of unused “ghost city” flats, which do not correlate well relative to light if no one uses them but can still be bought and sold many times, worsened by the real estate reliant tax structures of localities to build them. Technically valid gdp but about the same level of usability as an NFT. Despite this, they do have a massive power consumption and energy imports that correlates better with gdp growth and also export growth figures, which are much harder to obfuscate. Overall, the size is probably 1-3 trillion less than stated.
china is still a developing country
Kindly use the correct map of india
Do you believe China's GDP per capita will be greater than 1/4 of that of American?
GDP is the total amount of economic activity, neither sales nor profits.It's not money, it's just a statistic of the total amount of economic activity.There are both good and bad economic activities, but regardless of whether they are good or bad, they will lead to an increase in the total amount of economic activity. If you build a building that is unfinished or build a high-speed railway station that is unfinished, it will increase GDP. However, these buildings and high-speed railway stations cannot be used, no one will use them, or they will be abandoned. You have to demolish them, and GDP will increase again. Construction and demolition are both economic activities, with GDP surplus twice, and actual GDP should be zero or even negative. This phenomenon is quite common. There are numerous abandoned buildings throughout the country. So sometimes it's best not to use GDP to describe the economy, as it can be very misleading.
this video start by discussing about whether china is lying about their GDP or not . and continue by talking about number and number from unkown source .
The one and only source of information about cina GDP is : NATIONAL BUREAU OF STATISTIC OF CHINA .
That information is the source of the suspicion .
AND THIS VIDEO IS KEEP USING IT AS THE MAIN SOURCE
看一下国家对中国的贸易就完事了，你国家统计局总不会骗人了吧
GDP是经济活动总量，既不是销售额，也不是利润，更不是钱，就是个经济活动的统计数字。然而并非所有的经济活动都能对经济产生正面影响，很多也会产生负面甚至巨大的负面影响，房地产崩盘就是个例子。你建一个大楼，烂尾了，你修一个高铁站，烂尾了，但都增加了GDP，但这些大楼和高铁站不能用，没人用或者烂尾了，你不得不把它们拆了，你把它们拆了，又增加了一次GDP。建和拆都是经济活动，GDP盈两次，实际GDP应该是零甚至负的。这种现象比较普遍。全国的烂尾楼比比皆是。所以有时候最好不要拿GDP说经济，因为它可能会非常误导。GDP is the total amount of economic activity, neither sales nor profits. If you build a building that is unfinished or build a high-speed railway station that is unfinished, it will increase GDP. However, these buildings and high-speed railway stations cannot be used, no one will use them, or they will be abandoned. You have to demolish them, and GDP will increase again. Construction and demolition are both economic activities, with GDP surplus twice, and actual GDP should be zero or even negative. This phenomenon is quite common. There are numerous abandoned buildings throughout the country. So sometimes it's best not to use GDP to describe the economy, as it can be very misleading.
GDP is a good measure when comparing 1st World free-market economies (apples to apples), but it fails miserably when comparing Authoritarian Cultures/Extractive Governments, which heavily manipulate their currency, markets, and state-owned monopolies.
Given this difference, China's GDP must be heavily devalued by at least 20% in this apples-to-crabapples comparison.
In 1989 the city of Tokyo was valued as the same as all of the continental US.
Japan (free-market democracy) has since spent 35 years in economic stagnation.
The situation is now much worse for CCP gang China, which is an Authoritarian Culture, is hated worldwide, is 300% of its GDP in debt (a world record), most of which investment was wasted on Tofu Dreg crap with a limited life, its crappy Real Estate is overvalued by at least 5 fold (like Japan in 1989). And it is faced with the loss of all its world market share (foreign investors fled, sanctions and tariffs incoming). Which is the only reason it escaped the Mao Era's abject poverty, injustice, and death.
After over 40 years of uplifting by foreign investors, no one can name a single world-class Chinese company, that is a leader in its field.
There is no SpaceX, Amazon, Apple, Nvidia, etc. in China. Maybe you think TikTok is world-class rather than derivative and easily replaced.
China produces nothing that cannot be made elsewhere with "less risk", higher quality, and frequently at less cost.
DJI, Huawei, Alibaba, Tencent, Didi, all the big banks, CSSC….
How many hallucinogens does it take to say that? 😂
There is lot information coming from China is vague, and lot of Opacity numbers does not add up if you do little bit research. In 2020 June India and china had a military clash. India admitted 20 soldiers dies and there were given full military honors and where as china said nothing happened and after nine months they said four Chinese soldiers died.
That's because u cannot read Chinese. Also because Western world including India don't believe China lose two young man.
What does it have to do with China's economy?????? If you talk like that, then USA war on terror? white powder? WMD? Iraq, Afghanistan, Syria, etc. If you do a little bit research, you'll find American's Dream lol.
我只告诉你一点，中国阵亡4人，这是事实，如果你认为印度人能说实话就太可笑了，你可以看看我的主页视频，有中印打斗的视频，印度人像羊群一样被冲散，黑夜中逃命，连自己阵亡受伤的战友都抛弃了，被中国俘虏了最少四十人，搞笑的是印度人声称如果他们阵亡20人，那么中国一定是这个数字的两倍，俄罗斯采用了印度的说法，印度人又说信息来自于俄罗斯。对于你这样受西方洗脑的可怜虫，我只想说你什么都不懂，脑子没有逻辑。中国只是不愿意刺激印度，所以选择在事态稳定后公布而已。为何你们总认为中国会隐瞒一切？西方宣传的缘故？
That's because China doesn't see India as an adversary and the Indian direction is not a strategic priority for China.
China's core interests lie in national unity, in the eastern seaboard, and its rivals are the United States and Japan. China is not willing to get into conflict with India or to embarrass India and thus get into trouble. Victory over a much weaker foe is not worth boasting about, and the Galvan conflict itself is nothing worth detailing, so what can be done with a win?
The Chinese army captured dozens of Indian soldiers, took a large number of photographs, and later handed over the captives to the Indian side. China didn't make a big deal out of it, only when the Indian side was bragging about killing 45 Chinese soldiers/108 Chinese soldiers did they release some photos on foreign forums and make it clear that there were a lot more photos, but ultimately it wasn't publicized and not many people knew about it. We Chinese don't like to brag about such things, but of course, if it was the Indians, they would have bragged about it already.
Captured Indian soldiers are “hands on the head, grab the ears” kneeling, this is an Indian custom?
If you are interested, you can see here.
www.skyfall.ink/zygx/158.html
www.skyfall.ink/zygx/159.html
Translated with DeepL.com (free version)
Oh, is your data transparent? Idiots are happy
Although per capita income has risen from 2.5k to 10 k, it doesn't reach oecd standard.
You obviously haven’t been to China
China's current problem is that rural development far from urban areas is stagnant. In the future, it is necessary to concentrate a large number of rural population in more than 300 regional central cities across the country. Rural areas should be transformed into standard farms to solve rural development problems. The three northeastern provinces have already started to do so, and they can supply food for more than 400 million people.
According to Jose Rizal,a Filipino novelist, the Chinese understate their size and fortune in good times and overstate in challenging times.Following this line of thinking, China's economic size in 2022 is probably 23 trillion dollars -a trillion shy away from America's of that year.But today ,given the obvious Chinese trumpeting, it is probably only between 10-11 trillion dollars.
@jameschalkwig787
Because of the huge population size and the opening of China's market it was inevitable that Hongkong would be eclipsed by Shenzen.China is a powerhouse in manufacturing because of the western economic playbook.The least China could do was to be grateful and supported the international order.Instead it operated surreptiously to undermine the western international order.Talking about biting the hand that feeds it.
Why use historical exchange rate? We don't live I the pass.
Gotta use today's exchange rate
Is PPP purchasing power parity get look at US so what GDP per capita is higher people are homeless and most in proverty and look at debts in US it collapse waiting to happen.with bric us cannot keep printing toilet papers.😅😅
In US 3 billionaires has more wealth than 50% of the US population. In China wealth is evenly distributed. So the measure of GDP per capita is misrepresented.
Are you sure ???
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Unprofessional analysis. there are so many factors to be considered such as dermographic features, public service, infrastructure etc. China is miles aways from becoming a developed country.
I recommend that you travel to China for two or three weeks take the high-speed trains from one or centre to another. It would be amazed with what’s going on in that country.
啊？你说的这几个方面是中国的强项呀，你去旅游一下看看吧。😊我还以为我看反了呢。
You should travel to China. The quality of China's infrastructure and public services is several times better than that of the United Kingdom or the United States. Also, take my loyal advice and don’t trust the Western media.
😃😃👍🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳👍👏👏
Li Keqiang doesn't believe any of the official gdp numbers
He has to use his own indicators 😂😂😂😂😂
李克强的数据也是对的，因为中国1-18岁正在上学的学生，和60岁以上农民，总共就有6亿人。他们收入低或没有收入不是很正常的吗？
Whatever lies the ccp reports, it’s alot smaller than it was 5 years ago fo sho.
More westoid cope
And that of the USA?
severe brainwashed troll
I recommend that you travel to China buy an airline ticket and fly there for 2-3 weeks you will be amazed.
🙈🙈😁😁Now, the Chinese economy is collapsing. They don't have money, so they are inviting Korean tourists without a visa.
But Chinese people can enter Korea only if they have a Korean visa.
我们穷得只能大口大口的吃西瓜，南朝鲜的人快过来吃西瓜
Anything tht's made in China is a waste of hard earned monies due to how an item was made out of~cheap and flimsy.
Yes, like the computer, ipad, iphone.... you are using, all made in china, cheap and flimsy
LOL, you just showed your income class. Poor guy, you can’t afford the quality stuff.
Dear @汤圆-y7f is tht the items u bought were all made in China 🇨🇳 tht loves to imitate ends up fake goods❓️
😂you are making argument about veracity of the reported numbers based on the reported numbers...wth..
USA want no1 gdp number desperately, china don't want no1 gdp number desperately😂
🐷🐷🐷
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