Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "China's GDP Lie, $10 Trillion Faked, Actual GDP 60% Less Than Reported by the CCP" video.

  1. 📉 The Chinese government may have manipulated economic data, with actual GDP growth being significantly lower than official figures. China's GDP is likely similar to Japan's ~and Germany's. 00:00 China's announced GDP grew at a rate of 3% in 2022 despite lockdowns in Chinese cities. 00:00 Satellite images show that economic growth in authoritarian countries is often inflated, with China's official data significantly higher than actual growth. 01:55 China's actual economic growth from 1992 to 2021 was only 2%-6%, compared to the 8%-14% announced by the National Bureau of Statistics. 02:32 Some studies suggest that China's actual GDP in 2021 may be only 40% of the official figures. 02:53 China's GDP Growth Exaggerated by the CCP, Actual Economic Expansion Only 60% of Reported Figures, Raises Concerns About Consumption and Exports Decline, Tariff Reductions Indicate Imports Drop, Widespread Data Falsification in Local Regions, Crackdown on Fabricated Statistics due to Personal Benefits and Promotion, Raises Doubts About Accuracy of GDP Data and Severity of Debt-Driven Real Estate Bubble, China's Housing Market Bubble Poses Risks to Economy and Global Situation. 📉 China's economic data raises doubts about its accuracy and suggests a decline in consumption and exports. 03:18 China's GDP in 2022 is estimated to be 7.3 trillion US dollars, significantly lower than the US GDP of 25.44 trillion US dollars. 03:18 China's government may manipulate economic data to present a more positive picture. 04:00 Actual payment system data shows a decline of at least 5% in China's consumption in 2022, contradicting the reported 0.2% decrease by the National Bureau of Statistics. 04:34 Customs data indicating a 6.8% decline in China's exports may not accurately reflect the actual situation, as export-oriented regions experienced stagnation. 05:33 Data on tariff reductions released by the Ministry of Finance suggests that China's export decline may be more severe than reported. 06:05 📉 China's tariffs have decreased by 27%, indicating a corresponding decrease in imports. 06:39 Exports and imports are interconnected, making it unlikely for exports to decline by 6.8% while imports plummet by 27%. 06:39 Data falsification is widespread across different regions of China, even in economically developed areas like Jiangsu Province. 07:17 Local governments demand enterprises to report a main business revenue exceeding 20 million RMB to be classified as 'above-scale industrial enterprises' in GDP statistics. 08:08 Local governments in China coerce enterprises to falsify data to showcase economic growth and qualify for subsidies. 08:45 The Chinese government cracks down on data falsification due to fraudulent government subsidy practices. 09:16 📊 Local officials and companies in China fabricate data to gain personal benefits and promotion, leading to strict crackdowns on data falsification. 09:29 Officials and companies in China fabricate data to showcase governance abilities and obtain subsidies and loans. 09:29 Collaboration between officials and businesses allows for data falsification and kickbacks. 09:45 The Communist Party cracks down on data falsification due to financial losses. 10:17 Zhang Jinghua had his party membership and public office revoked for manipulating economic data. 10:33 Zhang Jinghua's promotion based on falsified data led to economic problems in Zhenjiang and Nanjing. 11:07 📊 Data falsification in China's economic statistics raises concerns about the accuracy of GDP data and the potential severity of the debt-driven real estate bubble. 12:53 Decisions of the central government often do not receive full implementation at the local level, leading to instances of data falsification. 12:53 Conflicting instructions from superiors create confusion among officials regarding data accuracy. 14:03 China's official GDP data deviates significantly from the actual economic situation due to different definitions of assets. 14:36 Overestimated GDP data may indicate higher debt levels and a more severe real estate bubble than expected. 15:18 China's debt-to-GDP ratio is projected to be 267%, indicating a high level of debt. 15:33 🏢 China's real estate market bubble is growing rapidly, posing risks to the economy and global situation. 16:14 China's housing market value is double the sum of the three European countries (UK, France, and Germany) combined. 16:14 China's housing market value to GDP ratio is an astonishing 882%, much higher than any other country. 16:49 China's economic data authenticity is a topic worth attention, as it can impact the country's debt level and real estate market. 17:25
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