Author: satsu_jin

The Softest of Landings [Copy link] 中文

Rank: 4

Post time 2012-1-27 01:07:09 |Display all floors
The Chinese government has done a much better job of managing the economy than most countries. China already has the biggest economy in the world but that is a subject of debate about how economic size is determined. Reducing inequality and developing the domestic market will greatly increase the size of the Chinese economy.
What's on your mind...

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Post time 2012-1-27 06:26:10 |Display all floors
The data cited above are mostly true indeed (except for the inflation rate, which is arguably much higher), but they miss out important points.

I gets me quite annoyed if governments measure economic growth in their own currency and print just huge amounts of money to report growth even in a recession. We can see that in China and we can even witness this behaviour in certain European countries.

I know that it is impossible to teach advanced economics in a forum and for this reason, I'd advice everyone to just judge their nation's economic progress by a very simple mean: happiness.
Can you buy more than a year ago? Do you work less than a year before? Is your life better than a year before? Do you have less financial woes than a year before?

This is the simplest and most accurate mean for non-experts to determine a government's performance.
Information like those cited by satsu_jin are useful for economists, but misleading for ordinary people.

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Post time 2012-1-27 07:28:12 |Display all floors
Everynowhere Post time: 2012-1-26 23:26
The data cited above are mostly true indeed (except for the inflation rate, which is arguably much h ...

Ok ,but than what is the real inflation rate? In europe I doubt there is an inflation higher than the official data , because lot of products prices shrank in the last years, however when they introduced the euro, lot of people felt 30% instant  inflation  

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Post time 2012-1-27 16:21:27 |Display all floors
i hope the house price will reduce.

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Post time 2012-1-27 18:50:13 |Display all floors
attilaattila Post time: 2012-1-27 01:38
The losers. The realists newer were the optimists , and newer will be especially in the long run 30 ...
  1. I forecast growth will slow down faster, and the slowdown will continue in 2013, to 6,8% economic growth in the last quarter year on year in 2013, we shall see. I'll be happy If you were right, but I do not think so
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Yep, we'll see who is right and who got it wrong again. The first six months of this year (not the first quarter) will give us already some good indication.

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Post time 2012-1-27 18:56:43 |Display all floors
Everynowhere Post time: 2012-1-27 07:26
The data cited above are mostly true indeed (except for the inflation rate, which is arguably much h ...
  1. Information like those cited by satsu_jin are useful for economists, but misleading for ordinary people.
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I'm not sure what you mean with 'ordinary people' but my taking is that they are not interested in economy unless it affects their income/standard of living/ future in a negative way.

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Post time 2012-1-27 19:49:46 |Display all floors
ooohhhh pretty colours~
Serve the Emperor!

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