China's 2019 GDP was $14.34 trillion

[ChineseTiger1986]

It was 99.0865 trillion yuan, and the dollar yuan annual exchange rate in 2019 was 6.91.

 

[FedererExpress]

https://www.reuters.com/article/us-...e-unreliable-top-leader-idUSTRE6B527D20101206

Even Li Keqiang doesn’t believe the numbers from his own country.

 

[beijingwalker]

https://www.reuters.com/article/us-...e-unreliable-top-leader-idUSTRE6B527D20101206

Even Li Keqiang doesn’t believe the numbers from his own country.

True, One comes to China and see how Chinese developed on the ground would believe Chinese official figure is an understatement, China doesn't want much attention, some say the "hidden wealth" in China can be as big as her real GDP.

 

[jericho]

https://www.reuters.com/article/us-...e-unreliable-top-leader-idUSTRE6B527D20101206

Even Li Keqiang doesn’t believe the numbers from his own country.

interesting what you shared (from 2010 but a good reminder anyway) but China's gdp growth in 2019 is 6% which is the slowest in the last 3 decades, why do you think they would make up a number like that?

 

[FedererExpress]

interesting what you shared (from 2010 but a good reminder anyway) but China's gdp growth in 2019 is 6% which is the slowest in the last 3 decades, why do you think they would make up a number like that?

Read Michael Pettis to see how China comes up with these GDP numbers. They come up with a GDP target and local governments go into debts to hit that GDP number. The level of debt in China is staggering. It’s a giant Ponzi scheme.

 

[beijingwalker]

Read Michael Pettis to see how China comes up with these GDP numbers. They come up with a GDP target and local governments go into debts to hit that GDP number. The level of debt in China is staggering. It’s a giant Ponzi scheme.

The only hyped up GDP is US's, US GDP is just bloated by their stock market and value of US dollars, China is the world biggest trading nation, industrial nation, manufacturing nation, produces and consumes almost half of the world raw materials, produce world's most electricity and almost all industrial products, how come US still has a bigger GDP than China? without the stock market and dollar dominance, US GDP will just become a fraction of China's overnight.

 

[Dual Wielder]

The only hyped up GDP is US's, US GDP is just bloated by their stock market and value of US dollars, China is the world biggest trading nation, industrial nation, manufacturing nation, produces and consumes almost half of the world raw materials, produce world's most electricity and almost all industrial products, how come US still has a bigger GDP than China? without the stock market and dollar dominance, US GDP will just become a fraction of China's overnight.

Ignore him.. He seems to have an inferiority complex

 

[艹艹艹]

China GDP grew 6.1% in 2019, slowest in three decades

 

[beijingwalker]

China GDP grew 6.1% in 2019, slowest in three decades

That's why I keep saying Xi should go this year, China needs a new generation of younger leaders.

 

[FedererExpress]

https://japan-forward.com/chinas-economy-fake-growth-surrounded-by-a-great-wall-of-debt/

https://www.libertynation.com/china-a-paper-tiger-in-a-fragile-economy/

 

[Han Patriot]

https://japan-forward.com/chinas-economy-fake-growth-surrounded-by-a-great-wall-of-debt/

https://www.libertynation.com/china-a-paper-tiger-in-a-fragile-economy/

If we are a paper tiger, then why is US so worried? Lolol.

 

[Mista]

That's why I keep saying Xi should go this year, China needs a new generation of younger leaders.

I thought his term ends in 2022/2023?

 

[Surya 1]

interesting what you shared (from 2010 but a good reminder anyway) but China's gdp growth in 2019 is 6% which is the slowest in the last 3 decades, why do you think they would make up a number like that?

They might have made it 6% from 3%. China is expert in that. Chinese government had infleted GDP by 900 bn usd. The thread is here on PDF.

 

[beijingwalker]

I thought his term ends in 2022/2023?

Yes, I remembered the year wrong, but anyway he should leave when his two terms over.

China's economic growth can be easily notice on the ground and big pay increase year on year, much better than US stock market and dollar value bloated economy.

 

[Goku]

I thought his term ends in 2022/2023?

He changed the Chinese constitution ,now theres no 2 term limits. @beijingwalker chinese members know better