[GulfBreeze]

I found a reference to this article in another article posted here.

http://www.freerepublic.com/focus/f-news/1941948/posts - The Chinese Economy Hoax and Other Economists' Fables

I thought the referenced article was at least as informative as the BLOG referencing it so here you go.

[AmericanInTokyo]

Thanks for this article. Eagles UP!!

[veracious]

Fine? China produces nearly 50% as much as US. I hope that we don't send them the rest of our factories, for a few years...

SERIOUSLY.

[hinckley buzzard]

this smacks a bit of the CIA's faulty analysis of the Soviet threat in the 1950s and '60s. Back then, there were no good real-world data issued by the Soviets.

I have made this same comparison for some time. Whenever we have heard of state-run "economic miracles" they always end up being too good to be true. And the lefties always suck it down wholesale before being exposed as gullible chumps.

[70times7]

This helps explain why China's communist regime still cracks down hard on any manifestations of dissent — contrary to its PR of China as the land of perpetual economic boom. It knows how bad things really are in the undeveloped hinterlands.

China's population is so vast and poorly educated that they are easily swayed (by golly, it's almost as if the democrat party has coopted this lesson!)

China is in transition, with the rest of the country trying to catch up with places like Hong Kong. If it was repression for the sake of repression Hong Kong would be getting screwed to the wall. I believe the crack downs by the government are not so much a imposition of idology as they are a simple matter of control; that no movement with the potential of upsetting the status quo will be tolerated.

In time it will be possible to relax these controls, but the change will take time as real economic growth tranlates to a better educated and more productive population. It is coming. Maybe not as fast as expected, but faster than we are currently prepared for. How many idiot school districts (redundant, I know) are still teaching French?!? Some have gotten smart and are teaching Mandarin, but this transition is not happening quickly enough.

[Cruz]

ping for later

[Sandreckoner]

And of course these are PPP valuations. At exchange rates (which I’m surprised even the pro-U.S. Investor’s Daily did not point out, as exchange rate comparisons are still a standard, particularly when measuring an economy like China’s that is so heavily comprised of exports), China is nowhere near being the second largest economy, and measures around $3 trillion vs around $14 trillion for the U.S.

[Oratam]

[Cvengr]

Well, thank goodness the reliability of Chinese statisticians producing this new datum meets the Quality Control standards of their manufacturing industries. /sarcasm

[YHAOS]

"They Cheat!"

Ya think? Is it possible that they lie too?