How big is China’s economy? Big Mac suggests China’s economy bigger than the World Bank thinks

[Shinigami]

Go to check on youtube, there are so many of them.

As for your friend's experience in China, I don't know your friends so I can't say anything about it. here is some Indians account of their lives currently in China.

https://defence.pk/pdf/threads/in-t...he-country-amid-a-stand-off-between-t.673460/

will read.
What is your opinion on this video?

 

[beijingwalker]

will read.
What is your opinion on this video?

He is a well known China basher which so many foreign expats in China ridicule him, try to read some random expats vlogs who have no agendas and subscribers. If you like to post his video, I can have a hundred foreign expats videos against him, but let's do it in another thread, not this one.

https://defence.pk/pdf/threads/war-...na-getting-heated.624242/page-2#post-11565260

 

[tower9]

There is no massive advertising in China.

I've seen CGTN and I never see a advertising on that tv channel. Like in Cuban television, it's because they are communists countries.

Han Chinese in Taiwan are saving money so much as in PRC?

High class chinese people love to buy useless expensive and luxury things so much as the westerners or even more, but they can afford it.

Advertising is everywhere in China. It's more in your face than in the West.

 

[Leishangthem]

It's not just about earnings but cultural values. Chinese people work, come home and save money to invest. Americans get paid on Friday and blow it on a steak dinner, at the bar and the strip club.

That cuture is actually good for economy in some way,though not in all scenarios.
All gov tries to make their civilians splur more and more of their extra savings.

 

[BHAN85]

Advertising is everywhere in China. It's more in your face than in the West.

In the TV too?

 

[Nilgiri]

Big Mac index basically relates to actual purchasing power, definitely one dollar in US cant buy you much in home country as services and even local commodities are much expensive on other hand in developing countries one dollar goes a long way..

I cant find anything for one dollar decent enough to eat in USA for one dollar in India I can have decent lunch with 3 course meal beat that...

China is getting expensive though still definitely much better purchasing power locally for one dollar I can imagine

Yah thats basically it.

But CPC trolls will dissuade any use of same PPP concept for Indian economy though.

Its all very selective and inconsistent by them..... they are propaganda driven, not logic driven.

 

[Leishangthem]

Yah thats basically it.

But CPC trolls will dissuade any use of same PPP concept for Indian economy though.

Its all very selective and inconsistent by them..... they are propaganda driven, not logic driven.

China will be close to 80% of US economy by the end of 2020;nominal .

 

[beijingwalker]

Yah thats basically it.

But CPC trolls will dissuade any use of same PPP concept for Indian economy though.

Its all very selective and inconsistent by them..... they are propaganda driven, not logic driven.

We don't deny PPP completely, China would be the number one economy by a massive margin by PPP, it does help when facing a crisis like we are experiencing now.
But this crisis will pass and cannot be a norm forever, when the world is back to normal, it's still nominal GDP matters more when doing global trade, China is the world biggest trading nation, so we care more about nominal GDP.

 

[tower9]

In the TV too?

It's everywhere. They have far less boundaries when it comes to advertising than in the west. Even in elevators, in their subways, everywhere, there is advertising non stop. It's actually annoying to me.

 

[zectech]

Am I allowed to post countless articles which say that the impressive chinese economy is a lie fabricated by the CCP for "face"?

This is what the trump site - zerohedge - believes about trumps economy.

Prominent pro-trump Zerohedge quoted from this ShadowGvtStats to discredit Obama back in 2016, so they believe ShadowStats was valid them, so it is valid now:

By this ShadowStats, China surpasses USA in nominal GDP years ago.

Fake Jobs Plague The U.S. Economy

That is the Shadow Government Statistics alternative unemployment rate for May 2016. Quite a contrast with the headline “official” unemployment rate of 4.7%.


https://www.zerohedge.com/news/2016-06-22/fake-jobs-plague-us-economy

Record stock market, raised by endless debt, which makes the real economy seem much larger than the depression era economy currently had by the USA.

 

[Nilgiri]

China will be close to 80% of US economy by the end of 2020;nominal .

Any further analysis on how much is actually genuine too?

Or simple take at word coz CCP stronk reliable?

We don't deny PPP completely, China would be the number one economy by a massive margin by PPP, it does help when facing a crisis like we are experiencing now.
But this crisis will pass and cannot be a norm forever, when the world is back to normal, it's still nominal GDP matters more when doing global trade, China is the world biggest trading nation, so we care more about nominal GDP.

Good, quote more from the new little red book. Do those cost 50 cents these days?...or issued for free?

Literally has nothing to do with trade at this downstream juncture.

If so.....what is % of exports of China with world (numerator).... being extrapolated to whole of its GDP (CCP printing press frontier)...the denominator?

Let's hear that ratio first thing....given China is not even a transparent country with actual institutions to do critical self-analysis. Furthest thing from it.

 

[beijingwalker]

Good, quote more from the new little red book. Do those cost 50 cents these days?...or issued for free?

What is a little red book?

 

[Nilgiri]

What is a little red book?

Unintelligent things one copies and pastes or quotes from very superficial laundered CCP doctrine....of things far more deeper and needing actual different perspective to study and know well.

 

[beijingwalker]

Unintelligent things one copies and pastes or quotes from very superficial laundered CCP doctrine....of things far more deeper and needing actual different perspective to study and know well.

Oh, my..., Indians mind is being brainwashed beyond any help.

 

[shjliu]

I appreciate the offer. although I also hear foreigners are not having a good time there right now. And this time from people I actually know.

did you ever consider your friend "hit the jackpot" did not want to share with you, that is why saying the worse thing about China? seeing is believing, do not trust others see it for you! see it yourself!

will read.
What is your opinion on this video?

this guy in the video is a "fake" now, he has his "reasons" for doing that, he has lots of videos on youtube, why don't you check out his earlier videos, at that time he is more truthful! by the way, I did follow him for a long long time, but not anymore, because he is a liar now!