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What's the real size of China's economy? (asiatimes.com)

submitted 2 months ago* (last edited 2 months ago) by [email protected] to c/[email protected]

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China's economy is bigger than official GDP statistics indicate, because it uses a measurement system based on manufacturing production, under-counting services. US GDP data, meanwhile, is distorted by expensive "services" like imputed rent and legal fees.

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[–] [email protected] 14 points 2 months ago

If it were Indian brands suddenly competing with western ones, and if Indian (indigenous) tech industries were threatening western monopolies, they would be seething at the bit all the same.

Absolutely, just look at the Japanese example. You can be the most loyal American running dog imaginable but if your economy gets too big the Yanks will still not hesitate to cut you down to size.