Majority of China's GDP from Services | Bloomberg

Discussion in 'China' started by Martian, Jul 11, 2016.

  1. Martian

    Martian Respected Member Senior Member

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  3. aditya g

    aditya g Regular Member

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  4. Martian

    Martian Respected Member Senior Member

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    No. You are wrong.

    BP provided the data on China's annual total energy use.

    The United States government claims China's export trade surplus is LARGER than the Chinese government's claim.

    China's port volume shipments are verified by the import data with its partner countries.

    Satellites are used to measure China's annual carbon dioxide output, which shows energy use and is a good proxy for economic activity. A look at the map below shows China's carbon dioxide output exceeds US carbon dioxide emissions. It is clear that China emits more carbon dioxide than the United States. Hence, China clearly consumes more energy than the US each year.

    The majority of China's foreign exchange reserves is in U.S. dollars and the data is published by the US Treasury.

    There are plenty of western data to prove the size of China's economy.

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    Study maps 15 years of carbon dioxide emissions on Earth | Arizona State University


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    Last edited: Jul 11, 2016
  5. Indx TechStyle

    Indx TechStyle Perfaarmance Naarmal Senior Member

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    Is that a news?
    I already have read that in wiki article, long before certification of Blomberg. :p
     
  6. Martian

    Martian Respected Member Senior Member

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    The point is China's services economy is dominating Chinese GDP.

    Hence, western articles that focus on strictly counting train cars for rail shipment is misguided.

    Also, western media reports are too narrowly focused on China's electricity consumption for manufacturing.

    Since China's economy is now being dominated by services, the old ways of measuring China's economy is outdated.

    The new metrics must measure service companies' (such as Alibaba, Baidu, and Didi Chuxing) contribution to the Chinese economy.
     
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