Comments by "Vale Tudo" (@valetudo1569) on "China Latest: Economic Recovery Losing Momentum, Data Show" video.

People will say "Oh but it's growing 5%!" - remember that GDP is not a measure of value creation, especially in China. Each year they set these GDP targets and figure out how much debt needs to be used to fill the gap between organic growth (consensus seems to be between 2-3%) and where they want it. This results in a pretty GDP number but, for the last 15 years, a lot of unproductive assets that do little to add value to the real economy or the average persons income
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Its not crashing... but a long, Japan-esque stagnation period is likely
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@walhdamaskus2408 Lol US is definitely not crashing and is in fact performing very well economically
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@crystal2484 We will have to see. I mean Japan had a higher standard of living, so that made the stagnation not so bad for quality of life... China would have stagnation at a much lower development level. We can't say for sure which will be worse though, each are different and each system has some advantages and disadvantages. One disadvantage of China is that their population is already shrinking, while Japan's didn't start until 20 years after their slowdown started.
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@walhdamaskus2408 Lol I don't really listen to Yellen much. Just an administration talking piece. Michael Pettis is much more significant to me
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