To paraphrase Goodhart's law, "when a measurement becomes a goal, it ceases to be a RELIABLE measurement".

@0xCAFEF00D

Жыл бұрын

I question if this isn't by design though. I'm not someone who's regularly running on of the worlds biggest economies (which they are regardlesss of adjustments). But it seems to me they have a lot of incentive to pretend their GDP is better than it is when one of the biggest reasons the CCP has a lot of support is the Chinese populations disinterest in politics other than economics.

@FirestormX9

Жыл бұрын

@@0xCAFEF00D they aren't disinterested in politics, they're kept in a bubble wherein they aren't facilitated to acquire knowledge about politics in other countries and the difference between theirs and other countries. Which means, they aren't kept disinterested, they aren't able to know what to question, where and by how much. So they take what is currently present as the only manner in which it could exist.

@97Corvi

Жыл бұрын

For some reason i read "a Goodfather law" XD

@jojored7966

Жыл бұрын

@@0xCAFEF00D Thank you! ~You know yourself better than we do! This is very interesting!

@FirestormX9

Жыл бұрын

@@jojored7966 Bot account.

If the "brightness of lights seen from space" method of GDP growth estimation catches on, Chinese regional administrators will simply install five hundred million floodlights pointed at the sky.

@SOUVIK_RAY_

Жыл бұрын

Hahaha!

@SatyamRaina

Жыл бұрын

How does this system to corelate lights during light to gdp even work?

@paoloorate2265

Жыл бұрын

Weapons of Mass Destruction my ass. USA cant be trusted either.

@Emilechen

Жыл бұрын

not necessary, China prefers spend this money to build their own Space Station Tiangong, their own geolocation satellite system Beidou or other Space projets,

@HeadsFullOfEyeballs

Жыл бұрын

@@Emilechen I think maybe you missed the joke?

This reminds me of the old economists joke. Two economists are walking down a street when they encounter some dog poo. One then states to the other, if you eat that dog poo I will give your $1000. After a moment the other economists eats the dog poo and gets his money. They then continue to walk down the street when they see another piece of dog poo. The economists, with the newly acquired $1000, then states to the other, if you eat that dog poo I will give you $1000. The other economists, after a moment, complies and get his $1000 back. They continue to walk down the street for a while when one of the economists states to the other, “You know we both just ate some dog poo for no benefit to ourselves”, with the other replying, “True, But at least we have increased GDP of the country by $2000”.

@metaloke995

Жыл бұрын

only if they payed taxes!

@bullpup1337

Жыл бұрын

what does gdp have to do with taxes

@metaloke995

Жыл бұрын

@@bullpup1337 well on a practical side GDP figures get calculated using tax revenue. Work done in the shadow economy can be accounted by some calculations but eating poo most definitely wouldn't have been tracked. Obv. this is only a technicality and not really his point.

@nevets2371

Жыл бұрын

And created 2 jobs

@user-jw4rw5bv9p

Жыл бұрын

kzread.info/dash/bejne/gHWbso-lY86ddcY.html 当imf宣称中国经济发展好的时候，这个频道就不会相信IMF ，当imf宣称中国经济不好的时候却选择相信它。这个频道与西方大部分频道一样是可笑的😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

This is the same problem that the Soviet Union had. Every republic and oblast of the USSR had to produce X number of items, and if they produce above the quota, the target will be up to unrealistic extent. It led to the phenomenon of "pripiska" where economic managers - from farm manager to the regional party committee, would overstate their actual output to meet the quota, by faking numbers and overreport supply of goods. In 1984 it was revealed that the Uzbek SSR has not reached its target supply of cotton by almost 80%. Around the entirety of Uzbekistan's top bureaucracy was jailed for corruption.

@hanismh6300

Жыл бұрын

China is capitalist thoo

@antdah

Жыл бұрын

@@hanismh6300 Not really. Sure, you can't say that they're properly communist either, but definitely not capitalist, as they still use five year planned economy, which is the very opposite of capitalist market economy.

@snafu1635

Жыл бұрын

​@@hanismh6300 *AHAHAHAHAHA*

@voidtempering8700

Жыл бұрын

​@MarkChristian State capitalism is still capitalism.

@voidtempering8700

Жыл бұрын

@MarkChristian Saying they use the same system isn't exactly accurate. They both use state run capitalism, but the way it is implemented is very different.

As I study how GDP and economies work, it becoming clearer amd clearer how easy it is to artificially inflate GDP value even if the economy of a country is really struggling.

@bullpup1337

Жыл бұрын

what, a single number does not accurately measure the health of a giant economy? I am shocked, what a surprise

@StevenRamos248

Жыл бұрын

Which is why economists now use the Inclusive Wealth system to measure the wealth of a country. China GDP: 18 Trillion Inclusive Wealth: 34 Trillion USA GDP: 25 Trillion Inclusive Wealth: 140 Trillion

@prasanth2601

Жыл бұрын

@@StevenRamos248 Isn't China's wealth 85 trn or more?

@StevenRamos248

Жыл бұрын

@@prasanth2601 Which one? GDP or Inclusive Wealth?

@prasanth2601

Жыл бұрын

@@StevenRamos248 Wealth. In wiki it says USA has a total wealth of 140trn and Chn with 80+ trn

You can trust EXPORT data than GDP data, because EXPORT data must be matched with IMPORT data by other countries. So, one question: which country exported most values of goods in 2022?

@aman_le_grand

10 ай бұрын

@@Allahu_Akhbar_Official China gained Independence from who? It was ruled by Chinese and replaced by another one. It is only a regime change.

@ndorobei4391

8 ай бұрын

​@@shauryaaggarwal8319Qatar is the richest country in the world. Venezuela has oil, but...... Islam make people rich.

@vzlfkr

5 ай бұрын

@@ndorobei4391 buddy... Country's natural resources has nothing to do with "religion". I hope you aware of these kind of terminology

Transparency isn’t one of the CCP’s values

@royk7712

Жыл бұрын

20k usd for toilet seat in capitol isn't transparent neither

@paoloorate2265

Жыл бұрын

Weapons of Mass Destruction my ass. USA cant be trusted either.

@kokobwild2413

Жыл бұрын

.......so we keep hearing. It's funny how we in the west parrot things we hear in news stories about a lack of transparency in China that are followed by news stories about Julian Assange being a terrorist, mainstream media helping the state track down and brutally arrest leakers at gunpoint and the routine use of the secrets act to keep information about potential state corruption and mass murder under lock and key for sixty plus years. We are fucking morons.

@bigboss337

Жыл бұрын

@@royk7712 but if you know that they spent 20k, at least theres more transparency :D

@royk7712

Жыл бұрын

@@bigboss337 this is exactly the problem. US gov blatantly deceive public and use media to downplay their lies. Cpc is using their superior government control to convince public that they can do whatever wish cpc wants to do as long as their people benefit from it, Cpc doesn't care what others people think. You can't just generalize people around the world on how people do things.

"Can we trust China's-" No. Done.

@paoloorate2265

Жыл бұрын

Weapons of Mass Destruction my ass. USA cant be trusted either.

@Emilechen

Жыл бұрын

but we can trust that China is collapsing every year since 1949, once per year,

@farminjojoreferences967

Жыл бұрын

"Can we trust America's-" No. Done.

@Shinobubu

Жыл бұрын

@@farminjojoreferences967 I rather trust the CIA than I will trust China. DONE. On the measurement scale of trust. CIA -10, China -23,000 know the difference.

@fedorbutochnikow5312

Жыл бұрын

​@@farminjojoreferences967 of course we can trust US's GDP, what a silly come back...

West need these kind of video to ease their fears, more please.

@danielyu6399

5 ай бұрын

The west is very broken now , they need more of those articles and videos to feel better

"No." EDIT: Wait, did you just explain that the Chinese lie about GDP data, and then immediately after take their consumption figures at face value? Bruh.

@nehcooahnait7827

Жыл бұрын

Nothing is real and it must be fake. It has to.

As a psychometrician, I should say that for any model, there is a risk that certain cases won't be well represented. When a model doesn't fit part of the data, we examine the reasons for that. You can only convincingly propose an explanation (which may include one or more reasons) after you exclude the other reasons. For the light model, if we found out that, for example, free countries tend to be richer, and that richer countries tend to use a bigger proportion of their GDP in lights, the reason "dishonest GDP reporting" would fall apart. So, the fact that these explanations were not excluded means that no one should believe the dishonesty thesis based on that model alone. Of course, without such attempts at explaining, that model can still serve as part of a body of evidence. The idea here is accumulating models for each of which there is a correct explanation for China deviating, but in which the possible explanation that would exonerate China from one model is mutually exclusive with the possible explanation that would exonerate China of the other model. When you sum up the findings from all these models, those exonerating explanations cancel out until the only explanation left-and therefore, the correct explanation-is that they lied. This is the idea behind circumstantial evidence. But, again, since we only have access to one model (the lights one), here, no one should be convinced that China is lying about the GDP based on it alone... this is where we examine other, non-statistical evidence in light (haha) of that model.

@elektrotehnik94

Жыл бұрын

"When you sum up the findings from all these models, those exonerating explanations cancel out until the only explanation left-and therefore, the correct explanation-is that they lied."

Any "Can we trust China.." question is a pretty easy "no" from me, dawg.

@hkfoo3333

Жыл бұрын

who cares ... as it is facts proved it. You go to China today and back to your country you will be shocked your country is actually a 3rd world country compared to China. In business no nation can compete with the Chinese ... the master in business not war .

@Shinobubu

Жыл бұрын

I trust china to keep my organs secure.

Any info shared directly from any authoritarian government, especially one that stamps out any form of dissent or criticism, should always be taken with a pinch of salt.

@kokobwild2413

Жыл бұрын

You're right of course......and Julian Assange would agree too were he not indefinitely in prison and unable to read your comment.

@jtgd

Жыл бұрын

@@kokobwild2413 wonder why he’s in prison… Is it because he totally broke the law by releasing classified documents online?

@yuriyu123

Жыл бұрын

@@jtgd Wow, that's sounds totalitarian. You must also like Kim Jong Un. why not move to North Korea? Law seems to be some kind of god to you.

@farhatkaboudi44

Жыл бұрын

@@jtgd He is Australian , not American . You people are so dumb and hypocrite

@JeRefuseDeBienPrononcerBaleine

Жыл бұрын

@@yuriyu123 There's a big difference between totalitarianism and protecting classified intels.

I like this news format

It's probably understated.

GDP does not mean much. What's the use of having a high GDP if you have homeless, crumbling infrastructure, banks collapsing, rich get richer, money gone for the military?

@tuttututty3659

Жыл бұрын

That sounds like America

@cameron6770

Жыл бұрын

It's a measure of a country's economic activity, not of standard of living or equality. However generally a bigger pie (GDP) is better than a smaller one, though it's also a matter of how you share it. Having said that, on wealth equality indexes China is roughly on par with the US, both of which are well behind most of Europe. Standard of living and quality of life are also much higher in the US and Europe than China.

@VARMOT123

Жыл бұрын

​@@cameron6770 I mean lot of the Europe got rich by being imperial looters,being tax havens or oil rich country . Countries like Germany are exceptions with an innovation economy like Taiwan and usa

@joeygio9586

Жыл бұрын

@@VARMOT123 maybe study history a bit better with those statements 😂

@Theorimlig

Жыл бұрын

@@VARMOT123 You don't think Germany and the USA were/are imperial looters? You're incorrect.

Thank you for confirming my speculation: the Chinese does have a policy “One Country, Two GDP”, one official GDP and one real GDP!

@xiphoid2011

Жыл бұрын

Actually there isn't a real GDP. Due to the mandated goals set, there are falsified data at each level from the bottom to the top. So even the central government doesn't know what's really the GDP, just that it's less than what's reported. This is common knowledge for Chinese people, people joke about it.

@jonathanjordan5143

Жыл бұрын

No speculation. I known it for years. They have admitted to it before but cover it up by drowning it out by boasting their fake statistics

@indiasuperclean6969

Жыл бұрын

WOW SIR VERY DANGEROUS !😠😠 BUT THIS IS WHY IM SO LUCKY LIVE IN SUPER INDIA 🤗🇮🇳 THE CLEANEST COUNTRY IN THE WORLD , WE NEVER DO SCAM AND WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗

@mysterious_____

Жыл бұрын

​@@indiasuperclean6969 This shows how desperate and jealous you are about India, Don't be senseless fool, be wise 🤡

@iller3

Жыл бұрын

which country doesn't do that though? ...(as long as you exclude the Scandinavian ones I mean)

I'm skeptical of the exactness of light/gdp growth correlations. Most light seen from space is streetlight, and there comes a point where you don't need to build more. Your cities can be way denser but still have a similar number of streets and therefore need for streetlights. And what if a country's more focused on building rail than highways? You don't light up rails at night.

@ruiliu830

Жыл бұрын

Great point, just like the big mac index these studies are just for reference, not reliable

The current premier, who appears in the video, is Li Qiang. Li Keqiang was the premier between 2013 and March 2023.

@adamperdue3178

Жыл бұрын

As a sidenote, that's so damn confusing. Imagine if China's next head of state were named Xi Ping, or the next US President was Joe Bide. It's confusing enough in regular speech that there was a George Bush and a George Bush Jr., but at least they were related.

@nehcooahnait7827

Жыл бұрын

@@adamperdue3178 cope and learn names. How many Adam, Alex, John, Tom, Jimmy or whatever do you know in your life? 😒

100s of global economists, analysts from banks, Funds, investment banks, IMF, WB, insurance companies, think tanks etc spend all their time to go over Chinese data using a fine comb. He is using an ad hoc quote out of context from almost 10 years ago from the ex-premier.

@felipelima5179

Жыл бұрын

Ikr? This is just stupid.

They ended lockdown about 6 months ago and there was an uptick in consumer goods use. People's free to satisfy urges but now that it has been scratched it'll depend on whether they have the jobs and savings to maintain that level of consumption.

Ya know, this is the best explanation I have heard for discrepancy between the lights study and official GDP for China

@indiasuperclean6969

Жыл бұрын

WOW SIR VERY DANGEROUS !😠😠 BUT THIS IS WHY IM SO LUCKY LIVE IN SUPER INDIA 🤗🇮🇳 THE CLEANEST COUNTRY IN THE WORLD , WE NEVER DO SCAM AND WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗

@benjaminlamey3591

Жыл бұрын

@@indiasuperclean6969 congratulations for treating women good.

@notawidow6560

Жыл бұрын

Don't think light study is a good indicator of wealth, otherwise Canada or Norway will be poor

@Executioner9000

Жыл бұрын

@@notawidow6560 have you read the study? I haven't paid for access yet, but I haven't heard about any big discrepancies for 'Western' nations, that would include Canada and Norway.

@carkawalakhatulistiwa

Жыл бұрын

How about east Jerman have more light than west Jerman.

11 days ago: Is China's economy in trouble? According to (their gdp) numbers. Now: Is China lying about (their gdp) numbers?

@michaelotieno6524

Жыл бұрын

I know, they relied on Chinese GDP numbers to show the economy was doing badly under COVID. But now they are telling us that Chinas numbers can't be trusted

@felipelima5179

Жыл бұрын

When China doesn't collapse, they need to say it is because the chinese are lying haha. Let them think whatever helps them sleep better at night, because the end of US hegemony is starting this decade.

@wisedesi442

Жыл бұрын

Seems like re-education camp was successful.

@felipelima5179

Жыл бұрын

@@wisedesi442 Yes it was, I'm very much chinese as you can see by my name. But you probably don't even know if I'm being ironic or not, as the average american is as smart as a wooden door.

@revenants.6992

Жыл бұрын

It has been known for a while that China lies about their growth

Excellent video. Gives Americans a lot of hope. 😂😂😅😅

@herrwolf5184

Жыл бұрын

US growth 1.1%. Dont hope for much. 😂

@user-tomcat999

Жыл бұрын

not only america

@marcos-ll2yr

Жыл бұрын

hope of what US is gonna have a second great depression in 2025. You guys are screwed

@AFTR2025

10 ай бұрын

@@marcos-ll2yrthey’ve been saying that forever, stop the fearmongering.

@AFTR2025

10 ай бұрын

@@marcos-ll2yrS economy is the #1 largest on earth by far

Just one more point to the good explanation. The fact is the YoY figure are a comparison to 2022 during which the largest economic region was under strict lockdown which is Shanghai. Therefore, it is rather "normal" that both retail numbers and GDP are on the rise. But still, having lived there and worked there in the industry sector, I can assure you that the number of shell industries, the number of empty new buildings, the number of empty roads leading to nowhere is AMAZING...

@linshitaolst4936

Жыл бұрын

It's strange how you came to the conclusion that you haven't been to China before? Do you rely on your media? I have visited many countries with per capita GDP twice that of China, but unfortunately, I think these people are really poor

@xiphoid2011

Жыл бұрын

Well, people in China have been joking about government reported numbers for decades now. But what really hitting home is the job market. It's bad right now, even worse than during the lock down. My uncle who just came over to visit said that people are competing over the few job openings, each willing to accept a lower pay, that it's driving down the wages. That's what really matters to the people, not some number people never really believed about.

@Justme-to6yu

Жыл бұрын

@@xiphoid2011 that must be absolutely soul crushing for every job seekers there. What china need most at the moment, is to increase median wages across all sectors, to meet their governmental goal of increasing consumer demand. Sadly, I doubt that will be met at the moment.

@brianjones7660

Жыл бұрын

", having lived there and worked there in the industry sector,".... Your ESL classes were a waste of time, Charlie Chan. Reading comprehension will be your friend someday...😂

@nehcooahnait7827

Жыл бұрын

Wow I guess China is just a fake country then, Nicolas Z who apparently lived in Shanghai once

I wonder if the “brightness of light” metric corrects for consumption driven vs production driven economies.

“We know they are lying, they know they are lying, they know we know they are lying, we know they know we know they are lying, but they are still lying.” - Aleksandr Solzhenitsyn

@wisedesi442

Жыл бұрын

Reason there are people other than them and us who does not know that them and us know they are lying.

@yzy8638

Жыл бұрын

wow, how that fit perfectly when certain hegemon deny they bomb important lifeline of ally state.

@VijayKumar-io2xy

Жыл бұрын

We know everyone else also lying.

@hansantonio110

Жыл бұрын

i'm a bad liar~

@sinoleao

Жыл бұрын

Are you talking about the investigation result of Nord stream explosion issue? 🤣

Great video!

This was an impressive presentation, which discussed complex economic issues in terms readily understandable by general viewers. Warmest compliments. :)

@erickrobertson7089

Жыл бұрын

Money & Macro addressed this same topic about a year ago I think. The conclusion they drew was that China's economy may be 60% smaller than reported.

@indiasuperclean6969

Жыл бұрын

WOW SIR VERY DANGEROUS !😠😠 BUT THIS IS WHY IM SO LUCKY LIVE IN SUPER INDIA 🤗🇮🇳 THE CLEANEST COUNTRY IN THE WORLD , WE NEVER DO SCAM AND WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗

"Don't trust any statiscs yourself didn't falsified." GDP in general doesn't matter that much if you are looking for company profits, individual wealth or in general if a economy is healthy.

Well done. Bold Statements, but stil go for the truth!

Best thumbnail I've seen by this channel.

Kind reminder: not even the former premier trusts these numbers

@ChoateGo

Жыл бұрын

it's simplifying. What happens is China counts gdp twice, once by regional gov, and once by the central gov. usually it's consistent, The premier was pointing to the regional counting.

@indiasuperclean6969

Жыл бұрын

WOW SIR VERY DANGEROUS !😠😠 BUT THIS IS WHY IM SO LUCKY LIVE IN SUPER INDIA 🤗🇮🇳 THE CLEANEST COUNTRY IN THE WORLD , WE NEVER DO SCAM AND WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗

@lianghao7128

Жыл бұрын

Keep in mind that this video only talks about the bad ways to boost your GDP, but there also a thousand good ways out there that the Chinese government actively on. If you don't like to hear them does not mean that they don't exist.

Whenever the Chinese economy comes up, it needs to be pointed out that China did not eliminate poverty (in spite of what they claim). Former premier Li Keqiang stated in 2020 that over 600 million Chinese citizens lived on less than 1000 yuan a month ($154 at the time or $5.13 per day). According to the World Bank, China is a upper middle-income country (if the Chinese government's GDP numbers can be believed towards the upper end of the bracket, depending on how much they lie about their GDP somewhere in the bracket). The poverty thresholds for upper middle-income countries according to the World Bank are between $5.50 and $6.85 a day. The Chinese government uses the 2011 threshold for poverty in the poorest of poor countries ($1.90 a day) as a threshold for themselves, whereas between $5.50 and $6.85 per day would be appropriate according to the World Bank. So, in the most generous scenario around 45% of China's population still lives in poverty, in less generous scenarios the value exceeds 50%.

@user-xw9hz7eu2b

Жыл бұрын

why 415 votes passed unanimously US House Representatives lts China as a developed country

@jkc3738

Жыл бұрын

The World Bank uses purchasing power parity as a criterion. . . You don't even know this? ?

@benwang9401

Жыл бұрын

I remember Li Keqiang stated that in all CITIZENS, which includes elderly people, children, disabled, saying their income is less than 1000 per month. Although their are still a lot poor people, but I think you should notice this. For those who have a job, this isn't the case.

The stock footage is of another premier, the current one, rather than the former one cited by your reporting, their name is very similar

Go to any store in any country and see where items are made, then ask yourself if you think they're lying.

Never. They lie, they have done that since the organizations inception and they continue to do it all the time.

@ssswo5217

Жыл бұрын

然后谎言说着说着就成为世界第二

Title: *"Can We Trust China ..."* Me, answering before I've fully read the whole thing: *"No."*

Nice

1:34 that's not Li Keqiang, but Li Qiang.

@me0101001000

Жыл бұрын

Keqiang: pretty stand up guy Qiang: not so much

Damn even governments are setting standards to high for themselves, I never thought I would relate to a government

@lianghao7128

Жыл бұрын

Only the Chinese government. The legitimacy of Western governments does not depend on economic performance, nor does it depend on social security, crime rates, etc. In the west, they are problem for the people, not the government.

You referenced China’s Premier, Li Keqiang… who is the FORMER Premier 😂… but showed an image of the NEW Premier… Li Qiang…Maybe all those Chinese names sound the same to you… but it’s pretty important to get the names right …

Good video, but I think you used the wrong units on the local government debt graph. Local government debt is more like 35 TRILLION yuan (~$5 T) , not 35 billion.

Then again, transparency is one of the main reasons.

There's nothing miraculous about a population boom driving a country into the middle income trap, it's just more impressive and efficient at this scale.

@Emilechen

Жыл бұрын

China uses to be a country which overcomes the traps, it is why most great continental empires fall definitely, but China keeps rising and reunited again and again after each collapse,

@Bearded.Jim1989

Жыл бұрын

​@@Emilechen China is an unstable country doesn't hold together for long.

@bigboss337

Жыл бұрын

@@Emilechen and chinas cycle of collapse, rise, collapse, rise etc is partly due to its political system.

@HawkElite117

Жыл бұрын

@@Emilechen If I mention Tianenmen Square 1989, does the Great Firewall block you from seeing or responding?

@jonathanodude6660

Жыл бұрын

@@Emilechen china is still in the middle income trap. when they are like japan; stagnant, but with high domestic consumption and high tech exports, then we will say they have overcome it.

China is lying about their national data?? No way :0

3:00 and how about people who like to turn off their lights at night like north korea. where the electricity is only on during the day

@TLDR News Global You mention Li Keqiang, the former premier, but show a visual of Li Qiang, who is the current premier. I understand that the names are similar but it's a silly mistake.

The brightness study has some flaws. For example, Paris has a higher GDP than Shanghai, yet Shanghai is brighter. Another factor is real estate, given how much of the Chinese economy is real estate and how many people own 2nd or 3rd homes, those houses don’t actually get used much, the ghost cities being the most extreme example, so a trillion dollars could be generated by real estate and not register much light. Granted the construction is shoddy, yet it’s technically valid Gdp, perfect for a local administrator to sign off as their growth targets and pass up.

@stunstar4553

Жыл бұрын

In the past few decades, China has urbanized and built many high-rise buildings. People move to tall buildings, which block out the light. Those formulas don't work

@raevj

Жыл бұрын

China has just been demolishing ghost cities to then build more ghost cities strictly to increase GDP…it is not a good practice. Real Estate is 1/3 China’s GDP so this build, demolish, repeat will continue as long as the individual Chinese keep getting scammed by their local & national government.

@yzy8638

Жыл бұрын

The first ghost city is in shanghai, granted not all of them turn good just like no1 can guarantee you your investment.

@user-de3wz8rg8e

Жыл бұрын

那我想知道为什么美国不是140个国家最大贸易国？ 难道中国和全世界对美国撒谎？

@nehcooahnait7827

Жыл бұрын

Geez you should stop talking about China and actually read something first. You sound like the typical internet China-basher who keeps repeating the same cliché over and over again cuz “oh oh I get it cuz I saw something about something in China somewhere on the internet”. “China economy is mostly real estate” 🙄 “Ghost cities this and ghost cities that” Up to this point anyone who mentioned stuffs like this are certified idiots who apparently do not have the ability to learn things on its own and take internet bullshits about China for granted. With a bit “imagination” sure I assume things have played out perfectly with each knowledge gaps filled with nothing but assumptions

short answer - no.

@andyyang5234

Жыл бұрын

long answer - noooooooooooooooooooooooooo.

@paoloorate2265

Жыл бұрын

Weapons of Mass Destruction my ass. USA cant be trusted either.

You have mistaken Li Qiang with Li Keqiang.

now people ask good question

1:35 that’s not Li Keqiang. That’s Li Qiang lol.

@blairmarshall544

Жыл бұрын

No one cares

@JunkieOfJunk

Жыл бұрын

@@blairmarshall544 you cared enough to reply

@me0101001000

Жыл бұрын

Night and day, too. Li Keqiang would have been a much better leader for China. Li Qiang, well, he's just another sycophant for Xi. A Xicophant, if you will.

@blairmarshall544

Жыл бұрын

@@JunkieOfJunk you needed someone to tell you. Hopefully in future you will stop boring people

@yzy8638

Жыл бұрын

@@blairmarshall544 if some1 cant even guarantee the information in their presentation, how can one trust it, oh wait, idiots can, the narrative of a "China not actually that strong" is a good sell, so no1 care about using wrong data or name, since no 1 care about truth, they just want eat up some good shlt.

“Input” as GDP means they make it up beforehand and figure out how to lie about how they achieved it later.

@Shinobubu

Жыл бұрын

GDP is a measurement communist used to measure its economic output. The more useless products you make with no customers the higher the GDP. The soviets were so good at making unwanted things they had warehouses full of products of poor quality that nobody bought. They just kept making them .

"Everything is going according to the plan" sounds familiar ! 😂😂😂

GDP is not a good measure of a countrys economy in the first place.

So you can’t trust the gdp numbers but you can trust the retail numbers. I really don’t have words for this.

@FirestormX9

Жыл бұрын

Retail figures are retrieved from companies. GDP numbers are given by the government. The former has less space to lie. The latter has infinite.

@anthonyyoung6489

Жыл бұрын

@@FirestormX9 wrong. After spending 3 years in Shanghai in my late 20’s in finance the fraud amongst Chinese companies and earnings reports was so rampant it was untradable. A complete fraud from top to bottom. I can give you 10 examples off the the top of my head like luckin coffee. Only a few get caught. You know nothing of fraud Vader. The force is weak with you.

@forbeginnersandbeyond6089

Жыл бұрын

You're spinning it. TLDR did NOT say you can trust the retail numbers, it only says that the retail sales increased. Meaning, to paraphrase, the absolute number may be suspect, but the upward trend is not.

@jeffmorris5802

Жыл бұрын

@@forbeginnersandbeyond6089 How exactly do you know? The only data on retail comes from the CCP

@jeffmorris5802

Жыл бұрын

@@FirestormX9 That's true in other countries. It's not true in China.

Follow up question: Can we trust the IMF's data on China?

@hansantonio110

Жыл бұрын

yes no

@sinoleao

Жыл бұрын

@@hansantonio110 yes, except on China unbiasly🤣

@cloudwithwind574

Жыл бұрын

Is it possible that what you hear is the true lie?

@shengwusun9136

11 ай бұрын

Not really. As far as my professors know, most international institutions really do not have good measures on developing countries in general.

You got to look at the lights of the world because of all the belt and road projects.

What? The brightness of lights XD.. What in the world!?

I trust China's "eocnomic figures" as much as I trust their covid-19 numbers 😂

@erickrobertson7089

Жыл бұрын

Ditto for Russia.

@indiasuperclean6969

Жыл бұрын

WOW SIR VERY DANGEROUS !😠😠 BUT THIS IS WHY IM SO LUCKY LIVE IN SUPER INDIA 🤗🇮🇳 THE CLEANEST COUNTRY IN THE WORLD , WE NEVER DO SCAM AND WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗

@zz-ww6fv

Жыл бұрын

🤮

@murphy7801

Жыл бұрын

Honestly I think the video is rather naive on how dishonest china is. Also ontop of that alot of the infrastructure is so poor it breaks in a couple of years.

@sinoleao

Жыл бұрын

You can say everything with blind eyes, but you can approve nothing.

I saw a video in the last day where China had uncountable numbers of empty shipping containers just sitting at their docks, not moving for days upon days. Doesn’t sound like they’re exporting anywhere near what they are saying. Good thing I’m not Chinese or they would have had my head over saying that.

@JeRefuseDeBienPrononcerBaleine

Жыл бұрын

It could be that or it could be they overbuilt containers and now have too much. Without credible data concerning the quantity sold (ajusted for inflation) we can't really know for sure.

@LSmoney215

Жыл бұрын

Yup at their 3 biggest shipping yards

@nicholasconder4703

Жыл бұрын

Rather reminiscent of the Russian official and train yard manager who "increased" the amount of freight they had moving through their region by having one special train whose only function was to pick up rail cars, and shunt them through the area to be counted. After passing through the rail yard, they would go to a siding, move the rail cars around, add or remove some, then run the train back through the rail yard. Or like the example in Britain where a railroad manager congratulated his staff on their efficient movement of freight through the town at night, never realizing that his staff had been chasing a load of rail cars that broke loose from the locomotive all night (cars rolled down the hill, through the town, up the other side, and kept repeating the process).

@LSmoney215

Жыл бұрын

@@nicholasconder4703 they did that with their tanks they had parade and they kept changing the number on tank to seem like they had more than what they really had. I see why China and Russia got married

@CedarHunt

Жыл бұрын

​@@JeRefuseDeBienPrononcerBaleine That's the point, though. China is claiming they have seen a 14% increase in exports this year compared to 2019. If that were true, they wouldn't have any empty containers.

Hi, great information but I have a question...Where did you get the light bulb decoration? Is that battery operated or plug in? I know the Chinese could lie about anything they want GDP etc...but they won’t lie to me about where that light bulb decor set was made 😊

That sounds like a bunch of things that if they pile up will cause a disaster.

Of course they lie. What's new? 😂

Trusting China gdp measurement is like listning to Russia regarding the war in Ukraine

Yes, about population too

Looking at Guizhou province's debts

Can we trust your judgment or your narrative without any bias?

@JeRefuseDeBienPrononcerBaleine

Жыл бұрын

No because everyone has bias but you also shouldn't trust anything the CCP says. Ever.

@brianjones7660

Жыл бұрын

are you biased?

@dominicvoo7598

Жыл бұрын

@@brianjones7660 biased only against the unfair, misguided, twisted n narratives and tactics. First, I don't benefit anything from either side with my views. Maybe we, from the East, can see a more balance situation, not influence by the West or China. We have traveled to both sides of the world before so our understanding is much better than most. I have seen the degradation of the West, especially the common people and also the rise of the Chinese people. All these happened is because of the government they have. So, my only bias is trying to be real with my postings. It may interest you to know many ordinary persons from the East has been to other countries many times, more than many people from the West. Thus the reality on the ground can be clearly seen by us.

_"Can We Trust China's GDP Data?"_ Oh absolutely. It's at least 2.3 times more trustworthy than Dr. Harold Shipman's oath to _do no harm._

@goldenfiberwheat238

Жыл бұрын

Who

@nehcooahnait7827

Жыл бұрын

You must feel so good about yourself writings down this comment

@JB-kn2zh

Жыл бұрын

ostrich buried in the sand

Measuring night lights to measure GDP is just ridiculous, how about measuring oil or energy consumption.

Put it this way, china is being economical with the truth where lying is the norm

@matthewshields

Жыл бұрын

Lying about GDP is not the norm and in democratic nations most have independent organizations that also calculate GDP so if they did want to lie it would be obvious.

@quotemenot7520

Жыл бұрын

​@@matthewshields Lying about the GDP is the norm for china not anyone else. The house/building industry has collapsed and keeps defaulting on it's debt repayments. The yuan is worthless. Companies have left china in there thousands and moved to Asia. china in not exporting any product at all. People, companies and countries have stopped investing in china. Unemployment is running into hundreds of millions of unemployed people. Belt and road is putting other countries into uncontrollable debt and costing china billions. Corruption is off the scale as is embezzlement and theft especially by the ccp. So what bit of the rise in GDP is china not lying about ? The fifth world country is bankrupt, broke, done for.

@matthewshields

Жыл бұрын

@Jack Smith lol you looked up my comment history to go back and to reply on my posts. I hope broken English Chinese propaganda is working for you.

not an economist or statistician but worked in the US and China tech sector for about 10 years each, my personal experience is that US productivity is over-estimated while China productivity is under-estimated. the so called "lighting" index can be simplified explained, Chinese people live in very dense city apartments and more conscious of turning off the lights to save money

@Craigsinglee

8 ай бұрын

chinese data is definitely NOT understated, their local officials will make sure it doesnt happen

Is that Xi with a green screen at the start?

1:32 Good effort trying to spell Li Keqiang's name correctly. He's not the current Premier, though. That's Li Qiang, who's been on the job since March 11, 2023. Sorry you got that wrong!

Of course Not!

@extrapolate

Жыл бұрын

@@elfrjzhat’s india have to do with this? Your comment has xenophobic undertones. Disgusting

@richbaker4544

Жыл бұрын

@Zaydan Alfariz they do have bollywood

Correction at 1:32: The person shown is Li Qiang, not Li Keqiang. Li Qiang is the current premier and former party secretary for Shanghai, overseeing the city’s lockdown last year. He is seen as a close alley to Xi. Li Keqiang was the former premier who is now retired. The Wikileaks document likely came from Li Keqiang. The video just showed the wrong person.

The consumption rate is up year on year but down month on month.

"Can we trust China's GDP data?" Let me answer your question with another question: "Does the publicly-released GDP data from the Soviet Union match with the true economic data estimated later after the fall of the Iron Curtain?" Both questions have the same answer.

@user-uj4cu4gy7p

Жыл бұрын

China exported 994000 vehicles in the first quarter, surpassing Japan as the world's largest automobile exporter for the first time, which is a milestone event. Of course, these car export figures are all fake numbers made by various countries in cooperation with China, and China will continue to collapse🤭

@NeMayful

Жыл бұрын

You don’t understand Soviet, nor China.

@brianjones7660

Жыл бұрын

@@NeMayful and English as a Second Language has not helped you either, Charlie Chan..... as we say, Bot and Sold!

@NeMayful

Жыл бұрын

@@brianjones7660 Well.. if this is the only point you see 🤷‍♂️🤷🤷‍♀️

Interesting but what would be even more interesting would be to have the same video on the UK GDP and how we can’t trust that data either.

Short answer, yes. Long answer, hell yes.

I'm not a economist, I'm just a normal chinese living in china, i can tell u, the economy is good, at least now. cus i saw a dozen tour bus when i drove to work yesterday morning, and the upcoming may day holiday, the high speed train tickets was sold out immediately, i am planning a trip to Guangdong this holiday, and hotel price doubled or tripled everywhere, seems like everybody is traveling and having fun.

@erickrobertson7089

Жыл бұрын

KZread is censored in China. If you are in China, your circumventing security laws by using a VPN. You are in danger. Or your propaganda.

@richbaker4544

Жыл бұрын

the major reason for the huge price differences in hotels is that the canton fair is starting this week, a ton of foreigners are coming to order supplies.

@KinLee919

Жыл бұрын

@@richbaker4544 but im not going to gunagzhou, im going to shantou and Shenzhen

Let's be fair and ask a similar question. Can we trust the UK's or US's GDP Data?

@HeadsFullOfEyeballs

Жыл бұрын

We basically can, yes. GDP isn't a terribly good indicator of actual quality of life or the "health" of an economy, but as far as the raw GDP numbers go, the ones from the UK or the US should be pretty accurate.

@apextroll

Жыл бұрын

Yes and no. The initial data point is under revision the next quarter.

@maherhamadouch2005

Жыл бұрын

@@HeadsFullOfEyeballs so why can't we trust China's data?

@mannidennis1031

Жыл бұрын

Lol he’s trying to be funny and ended up embarrassing him self 😂😂😂😂😂😂😂

@FirestormX9

Жыл бұрын

Are you from Saudi or UAE?

早些年的时候，有些省份，比如山东，gdp的确是有注水的，但后来沿海省份反而会故意瞒报，因为如果增长太快，第二年的任务就会很难办（当然，仅限沿海，内地完成当年目标都很艰难）。至于现在？我只能说如果中国按照美国的规则统计gdp，美元计价gdp都已经超越美国了。

Why do they need all those skyscrapers though?

China's GDP numbers are ACCURATE in the sense that even if officials are somewhat overstating the numbers, the Chinese underground economy never gets reported. So overall, the understating and the overstating cancel each other out, and the official figures reflect very closely reality. In my opinion, the understating numbers are bigger than the overstating ones. In other words, if the official figures are overstated by half a percentage point, say from 4% to 4.5%, and the never reported underground economy, which in my opinion is at least worth 1% of the official number, then the actual economic growth is 5% [4.5% reported, minus 0.5% overstated, plus 1% never reported] = 4.5 -0.5 +1 = 5% actual growth.

@Rainbowpandemonium

Жыл бұрын

Every country has underground economy. India has it too , we call it secondary money, every city has it is own unofficial structure from which financing of businesses takes place. And it is actually well managed by people. Indians are good at moving their money and saving them which doesn’t reach the government or any officals records. I am pretty sure indian have secondary money worth 1/3 of its gdp.

@sinoleao

Жыл бұрын

Two thing we know: US counts housework into GDP, India counts Bull Shits into GDP😇

@shihang-sl2ov

Жыл бұрын

@@Rainbowpandemonium lizard,go away,disgusting

GPD is a difficult subject. It is almost impossible for an individual or even an institute to get an insight behind the figures. I am from Hong Kong. Hong Kong has been blessed by the economic growth of China. HK has a population of not more than 7million. So, when a person look at the GPD of HK it is good but not alarmingly good. But, for those who really understand HK, they would have the insight knowing HK enterpreneurs employed no less than 30 million work force in Guangdong alone. 5 times its entire population. Same as United States, they have huge investments all over the world. So what does GPD means? It is only a measurement of activity level in that country. Outsiders only knows that local Chinese officials always exagerrated their GPD. I am an insider. I have personally witnessed local Chinese governments under value their GPD.

@rioluna6058

Жыл бұрын

okey " insider " XD

@ykc16888

Жыл бұрын

Why would local government undervalue their GDP? Either way, we can't trust their figures then.

@martinhartecfc

Жыл бұрын

Is that not GNP you're describing for HK when you talk about HK entrepreneurs' workforce in Guangdong, rather than GDP?

@wisedesi442

Жыл бұрын

China CCP fakes number so we should believe CCP controlled resident of Hongkong. Sure 🙏🏽

This is another hurdle that will have to be jumped for the Yuan to be a real reserve currency. I am not saying this isn't a real threat but I think it is yet another major issue for the Yuan

Hmm, but to drive up domestic consumption you need to raise individuals income/earnings. Which starts to make China less competitive in international sales due to cost of labour increase, which reduces their export related GDP?

@kimeli

Жыл бұрын

are you asking a question or answering?

How many times does TLDR plan to make this exact video about China? It's not like there aren't any better subjects at the moment.

@seadkolasinac7220

Жыл бұрын

they make videos about loads of things

I don't know what's happened to people's brains when they watch KZread videos, but one thing is CERTAIN, anything that has the word CHINA in it sells, the more negative about China the better you can attract viewers from both sides, from those who cheer and from those who want to rebut. And KZreadrs are laughing their way to the bank - more viewers, more comments, more time watched, more MONEY.

@shihang-sl2ov

Жыл бұрын

Exactly😂

Yes

Short answer: No!

Can we trust US' GDP data?

@patrickjeffers7864

Жыл бұрын

Yes..because it's open independent scrutiny

@cloudwithwind574

Жыл бұрын

@@patrickjeffers7864 You should first understand how GDP is calculated. I believe the people in the White House are smarter than you

Short answer: No Long answer: this video

@paoloorate2265

Жыл бұрын

Weapons of Mass Destruction my ass. USA cant be trusted either.

China and trust should never be mentioned together.

3:21 I wonder which autocracy doesn't lie? 🤔

Can we trust US Gdp data's??

@mrinalkumar-wu8vs

Жыл бұрын

Yeh yoi can

@jaimay125

Жыл бұрын

if you know how to calculate gdp you are more than welcome to go ahead and calculate the US's gdp numbers. But if you dont you can look into the fact that there are multiple international agencies who generally agree on the US's gdp numbers

@IamHandsome4u

Жыл бұрын

@@jaimay125 like wt?

@jaimay125

Жыл бұрын

​@@IamHandsome4u you are more than welcome to look into all the organizations who have reported on this and read their reports to see if they are accurate.

@IamHandsome4u

Жыл бұрын

@@jaimay125 yeah, like wt, tell me.

Here's another metric. I work at a start-up tech company that makes SAAS products that sells all over the world. We use a random sampling pricing algorithm that uses the mean GDP per capita to price the products. For instance, the price of our product in Brazil is about 20% less than in Mexico -- and this perfectly correlates to the difference in GDP per capita between the two countries. Our pricing algorithm, for China, approximates the GDP per capita of China as approximately the same as Thailand -- whose GDP per capita is about 40% less than China's. There are many reasons why this shouldn't be taken as a metric to correlate to China's GDP (one important reason is that this is not a representative random sample). In any case, we did find it shocking that the price our product was competitive in China at such a low price.

@youarebeingtrolled6954

Жыл бұрын

So your saying that your random sampling was bs😂

@posthocprior

Жыл бұрын

@@youarebeingtrolled6954 It's random sampling from the given dataset of customers -- which is inherently distinct from a random sample of the population.

@luwuarm

Жыл бұрын

​@@posthocprior yeah, GDP per capita doesn't apply to reality, it's just a metric.

0:18 Y o Y