China's Economy Grows 11.2 Percent

ABC ^ | 01/24/2008 | JOE McDONALD

[steelboy]

Analysts say China closing in on Germany as the world's third-largest economy could help to drive world growth in the event of a U.S. slowdown, though they say it alone cannot fill the whole gap.

[DogandPonyShow]

China’s per capita income 2006?

$1,740

[blueheron2]

I don’t see how you measure an economy using a fictitous exchange rate.

Same with per capita income.

Their economy probably dwarfs Germany’s...

[jmyrlefuller]

And how much are the chicoms artificially propping that up???

The question that nobody seems to want to answer...

[Post Toasties]

Wrt agricultural goods perhaps, but not value added items.

[DogandPonyShow]

I doubt very much that their productivity is anywhere near Germanys

[genghis]

The test is how much more energy did they use?
It is impossibile to have an 11% growth in output without an approximate increase in energy output.
The obvious answer is the numbers are pure fiction.

[Eric in the Ozarks]

They are harnessing the chemical companies to supply all kinds of feedstocks for ‘08 forward, directly into China. Japan has become too touchy about breaking bulk off the Pacific.

[rb22982]

Considering they were supposedly putting up a new coal factory every week, I wouldn’t doubt 11% growth rate.

[hinckley buzzard]

When dealing with a Potemkin economy, any number will do. They're all bullshit anyway so might as well pick a big one. 11.2 percent growth? Right. Maybe a colony of bacteria.