Wednesday, June 9, 2010

GDP numbers can be misleading...China...



Measuring GDP is mostly the same way for all countries. But this fact about China was interesting -

China measures GDP in terms of production, not sales or revenue generated. So if they build a $1 billion skyscraper that no one rents, it counts as $1 billion in GDP growth. With this in mind, is it any wonder that China’s 2009 GDP numbers were incredible? Think about the impact that $586 billion stimulus package had on China’s economy. Just the stimulus alone could account for 10% GDP growth.

Read More...Can china save the world economy ?


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