Have We Been LIED TO?! China's FAKE GDP Numbers!! 🇨🇳

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📺 Useful Vids 📺

Recession 👉 https://www.youtube.com/watch?v=QYPb9ebUQbs
Evergrande 👉 https://www.youtube.com/watch?v=v5g46Nk4PuM
Housing Bubbles 👉 https://www.youtube.com/watch?v=VRrnpU49wus


⛓️ 🔗 Useful Links 🔗 ⛓️

New York Fed Paper: https://www.newyorkfed.org/medialibrary/media/research/epr/2020/epr_2020_china-lights_clark.pdf
Brookings Institute China GDP: https://www.brookings.edu/bpea-articles/a-forensic-examination-of-chinas-national-accounts/
Yale Study Overstate: https://insights.som.yale.edu/insights/study-suggests-that-local-chinese-officials-manipulate-gdp
Growth Real?: https://www.economist.com/finance-and-economics/2020/10/15/can-chinas-reported-growth-be-trusted
Wikileaks Doc: https://www.reuters.com/article/us-china-economy-wikileaks-idUSTRE6B527D20101206
False Data Locals: https://www.reuters.com/world/china/china-punishes-local-officials-falsifying-economic-data-2022-05-27/
False Data in China: https://www.heritage.org/international-economies/commentary/the-problem-false-chinese-economic-data
China Ghost Cities: https://allthatsinteresting.com/chinese-ghost-cities


0:00 Intro
1:26 What is GDP?
4:34 How GDP Data is Collected
7:11 Fudging Local Numbers?
9:51 Too Smooth?
11:31 Alternative Methods
14:23 Ghost Cities, Bridges to Nowhere
17:31 Conclusion


📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#China #GDP #Data #Economics