[rmlew]

Given the amount of insolvent debt to communist-run businesses and factories, China is worse off than people imagine. However this does not indicate taht China is not a threat. In fact, militant Han Chinese nationalism is about all that the ChiComs have these days, if the economy falters.

[charles m]

This article is ignorant. The World Bank revision has nothing to do with Chinese government statistics. The World Bank revision is in regards to purchasing power parity (PPP). Chinese statistics are recorded in yuan, and is then converted to dollars by the current exchange rate, not by PPP. Even with the revision, the World Bank estimate is still HIGHER than the Chinese government statistics.

[charles m]

People who don’t know crap about economics shouldn’t be writing economic analysis. The only people overestimating China’s economy is the World Bank (when using the PPP values), not the Chinese government nor anyone else in finance and international trade. The Chinese government doesn’t use PPP for their GDP conversions, they use the US dollar exchange rate.

[GulfBreeze]

ping

[jiggyboy]

we took pains to state that the “official” data issued by the Chinese Government were totally unreliable. Indeed, we stated explicitly that the numbers were simply made up.

If his counterpart in China looked at how our BLS calculates employment and CPI numbers, he'd do exactly the same thing.

[Brilliant]

When you’ve got 4 times as many people, you don’t have the same standard of living until you have an economy with 4 times as much product, and they are nowhere near that.

[durasell]

China’s Sov Fund is about to buy a chunk of Goldman...some hoax.

[GulfBreeze]

This blog entry that has been posted references an article with the real meat of the story.

I have gone ahead and posted it here.
http://www.freerepublic.com/focus/f-news/1942023/posts