something that actually matters or? the article itself sounds like trying to make a lot out of nothing, so do the redditors in the comments who appear to be huffing copium with every breath
"A delayed GDP is eventually good, but a rushed GDP is forever bad."
-Xigeru Miyamoto
Seeing as they are being targeted by a rapidly ramping up economic war machine, this is just smart and self-defense. Making economic data public helps the empire target their economy better.
Every time the stonks market has a bad enough tumble, they just stop trading for the day, free market style.
I remember almost making enough money to take time off of work and then watching most of my position collapse in real time. Fun economic system we've got here.
"See, I told you China's economy was collapsing! Any day now!" :so-true:
GDP is a crackpot measure of a nation's health and should not be used to guide anything.
It's, uh, very capitalist. Overtly. To take an example, income from rent is included in gdp, the same house simply being lived in does not. Same with subsistence farming vs industrial farming. It's entirely predicated on selling things. If a whole society somehow operated without markets, it would have no gdp despite people producing things and consuming their produce.
Edit: to put this into context, think about the last vestiges of the peasantry being forced from subsistence farming to becoming urban workers paying rent and importing food. This was the improvement GDP was measuring, a way to see the benefits to the scalping class.
Edit 2: this is doubly apparent with the colonies. How do you measure the coercive extraction and market forces in a colony? GDP.
the same house simply being lived in does not
It does, actually, it's called "imputed rent", but including any rent is already stupid.
It's one of many many measures but it's the simplest to calculate and understand
:sicko-wistful: because I want to use econ stats to dunk on capitalist simps
:sicko-wholesome: because Xi is making moves like Sun Tzu
The economic data, which is less important than human life, is probably bad. They've had 5226 covid deaths. China's reduced output is probably why the entire world has inflation now. Instead of blaming decades of deindustrialization in pursuit of profit, the world will blame its problems on China, as usual. No point in walking into that.
That and the global embargo on one of the world's biggest grain and energy producers because it invaded another of the world's largest grain producers.
China’s reduced output is probably why the entire world has inflation now
I'm sure that didn't help, but I was always under the impression that it was mostly the incalculable sums of free money dumped into the economy to keep The Machine running during covid lockdowns?
Nah this is supply-driven. Otherwise raising interest rates would suck it all up.
I think supply chain issues are still a big reason but capitalists stopped using just in time manufacturing so there was never any inventory when demand for products shot back up.
I think the inflation rate would be a lot lower if there was no pandemic but everything else was the same, but it's probably impossible to predict how much lower with any accuracy.
Am I missing something? This seems huge. Delaying GDP statistics "indefinitely"? (Unless it's not actually indefinitely and the angloids just added that in for propaganda, but any delay is still pretty huge)
I don't know why they're doing this, but it really seems like something major is about to happen
Am I missing something?
With China-Watching, the sky is the limit. Very difficult to find credible third-party sources and I'll be damned if I'm going to try and parse through the dry-as-toast information put out by the state bureaucracy, particularly given that I don't speak Mandarin.
I don’t know why they’re doing this, but it really seems like something major is about to happen
The context of the article makes it entirely unclear, simply peppering in speculation and "This has never happened before in a thousand years!!" hyperbole. Feels very much like a "Big New Coming, Watch This Space" hype-house headline to me.
