Comments on: GDP In China – Does The Emperor Wear Clothes?

By: RRR

RRR — Thu, 19 Nov 2009 03:40:39 +0000

GDP = Consumer Consumption + Industrial Investment + Government Spending + Exports – Imports. The problem is that it can be easily manipulated by the government. All they have to do is increase their spending and/or print a bunch of money and give it to consumers and industry to spend. Then Shazam! GDP rises. Oh, I am quite sure that their GDP went up as they stated, but I am also positive that the country (and the world) is worse off for it.

By: yyy

yyy — Thu, 19 Nov 2009 03:02:39 +0000

real wages haven’t changed much but real compensation has. Mostly health and retirement benefits

By: fran

fran — Wed, 18 Nov 2009 18:13:00 +0000

the commentary on rising GDP and impact on population in china holds for the usa also. lies, lies, and more lies in both nations.

By: Andy

Andy — Wed, 18 Nov 2009 11:22:32 +0000

Honey…real wages for the majority of people in the US haven’t changed in the past 30years…