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China just reported 3.2% GDP growth in Q2. That number sounds about right to me. But I can’t help noticing that if China reported its GDP growth rates the way the US government does, it would have reported roughly 60% growth in Q2. At least I think it would have; see if you can follow my argument and correct any errors…. The Money IllusionDid China’s GDP growth 3.2% or 60%?Scott Sumner
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China just reported 3.2% GDP growth in Q2. That number sounds about right to me. But I can’t help noticing that if China reported its GDP growth rates the way the US government does, it would have reported roughly 60% growth in Q2. At least I think it would have; see if you can follow my argument and correct any errors…. The Money IllusionDid China’s GDP growth 3.2% or 60%?Scott Sumner
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Mike Norman considers the following as important:
This could be interesting, too:
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China just reported 3.2% GDP growth in Q2. That number sounds about right to me. But I can’t help noticing that if China reported its GDP growth rates the way the US government does, it would have reported roughly 60% growth in Q2. At least I think it would have; see if you can follow my argument and correct any errors….The Money Illusion
Did China’s GDP growth 3.2% or 60%?
Scott Sumner