How do some Western media cherry-pick U.S. GDP statistics?

[@yaoliang1580]

We can't expect the US media to provide reliable reports on their economy when they are in such a desperate situation

[@lamrof]

You can't rely on US media on anything. They are the mouthpieces of the triads of Corporations, the government and the military. They work in tandem these 4 organizations of the US society. The media is how you corrupt democracies.

[@theinazmie2472]

Exactly indeed...

[@syamkumarkaturi9761]

Captain planet use platinum to make pollution zero...All Indian politicians stores more gold and bad people stores more gold so gold price should fall even more..... world should turn to platinum standard no gold standard.. DECREASE GOLD PRICE AND BAN OR STOP IMPORTS AND EXPORTS GOLD..

[@FreeSpeech-z6j]

@@theinazmie2472 exactly indeed how can you trust any media, especially that of the C C P

[@albertchu7926]

As usual, US have been hypocrites liars for decades in every things so how to expect liars to tell the truth. 😂

[@vincenttay2812]

Serial liar and thug😅

[@FreeSpeech-z6j]

Exactly how much did the Chinese economy shrink last year? Typical C C P lies about the truth and lies about the lies about the truth 🤣😂🤣😂

[@mattwaite5558]

Great interview Liu Xin. John Ross is a well-informed interviewee 😊❤

[@billlee2983]

John Ross has always been precise in his economic figures and statistics. A perfectionist and very good economist.

[@danieltam3923]

CGTN could further look into how the US GDP data is calculated vs other nations such as China. It's my understanding that US GDP data includes sales of used goods such as used cars. If a same used car is sold 5 times, then all sales are included as a part of the growth.

[@danwelterweight4137]

They even include the late fees banks charge their borrowers. I kid you not. That is around $1.5 Trillion every year

[@clarissagafoor5222]

Wow! I`m guessing that that is the same for housing/apartment sales?

[@catonpillow]

Сhina achieved a 5.2% of GDP growth even without the construction sector usual boost to its economy and with EU, UK and Japan in recession and with the U$ and EU constantly skyrocketing inflation damping down the consumption. That's nothing short of an extraordinary feat showing the remarkable resilience and flexibility of the Сhinese economy.

[@lamrof]

Add Germany to this list of recessed economies.

[@arthurlincoln9093]

Yes and that figure is fake and definately a communist party invention given that unemployment is rising, factories are closing, workers are not getting paid and foreigners are leaving China to take their money to Vietnam and India. Confidence in China is sliding down the toilet. The markets prove it.

[@puntura]

China could go extremely high. China is not responsible for its own Economy but also the growth of USA economy. Chinese are the most hard working people in the world.

[@soothsayer2406]

They need to cook the books, since that's the official government policy.

[@frankiephan5930]

I trust Tik Tok more than American News

[@1001001a]

They have invaded tiktok too. Dont be naive.

[@TheTruth-88]

How US economic growing by 2.1% or 2.5% when US debt ceiling raise to $33 trillion? Impossible

[@HLC64]

US media is all about lies! Trump is correct!

[@catonpillow]

2.5% on top of a 3.4% inflation. So they had a negative growth.

[@alrent2992]

Exactly 😂

[@TacticalMayo]

85% of that debt is to the US citizen.

[@ColoniaMurder20]

do you realize majority U.S. debt from internal debt?

[@tondematongo32]

Russia grew 3.5%

[@ytcbk]

China's GDP growth is literally more than double than that of the usa's and those sheeps are still screaming about China collapsing this and that 😂😂😂

[@tonyyin8524]

2.5% GDP growth with 3.1% inflation and 8% GDP deficits is beyond unsustainable.

[@buravan1512]

US economy doesn't work like a normal Economy, to them Deficits don't matter as long as they can still print the dollar out of thin air, without producing goods or deliver services.

[@timromayale3018]

Chinese economy is no One in the world since 2021

[@DouglasW-m9z]

Just comparing how many homelessness living in around America capital cities is a good sign. The other figure has been pointed out by a French journalist and historian by looking at the children's death at birth, this is a sad figure for America.

[@btgan3838]

Hi. I'm interested to know more about the child deaths ... can you point kindly me to the source? Thanks

[@michael511128]

Professor Jeffrey Sachs says his professor who invented GNP (GDP) emphasised it is a measure of the market economy but not is measure of human welfare. In the US 0.1% own equivalent wealth of bottom 90%. When GDP is pumped up by real estate prices, rent, fuel, food, stocks, credit card, student and car debts or wars, it’s great for rich. Professor Michael Hudson says he does not know of any school curriculum in the US that teaches how to formulate the US GDP ( to keeping it as a privileged knowledge for the rich, I supposed)

[@rap3208]

The US GDP is like empty calory because it is nothing but finance, insurance, real estate and government spending. They're just exchange of money figures but really does nothing to the populace, nothing is really being made or manufactured.

[@geobot9k]

To add, it’s shocking to me there isn’t a big stink about the fact we don’t get percentages of how many people are in each income bracket adjusted for inflation through time alongside something like GDP broken down by income bracket

[@joeymelbourne]

Few people even believe 2.5% is true, looking at last year's GDP, US gov adjusted and lowered that figure later. GDP calculation is very different in US, it's artificially inflated by service costs, esp the expensive medical expenditure in US

[@nmew6926]

Expensive residential rents in unsafe cities, homeless neighborhoods, piles of trash, human faeces.. Pee smell.

[@TienLam-t6b]

I am not an economist to know how things are ; however, the inflation in America is definitely a serious problem. Last year, I checked out the prices of small tomatoes plants in HD (Home Depot) was 1/2 prices of this year so did everything else's and the minimum wages couldn't catch-up with these escalated in pricing of ordinary commodities for daily use..And, please don't even mention about rents...Period..

[@seymorefact4333]

More like 1.3%! Military projects, illegal immigrant camps, govt growth...are the reason why!

[@dxd42]

Also, I follow some inveating channels from American Content Creators... In the US EVERYTHING increased price. People need to chose if they pay the credit card bill or their Home Rent. How the economy is booming with high Inflation and high Interest Rates?

[@hollowgonzalo4329]

>How the economy is booming with high Inflation and high Interest Rates? It's not. However the reason it's still chugging along is debt basically. American consumers are in up to their neck right now and credit delinquency is growing substantially as well (in part due to the skyrocketing interest rates but also just because they're overloaded with heavy debt as wages are stagnant and the cost of living is rising).

[@ryanwalters6184]

Because we are being invaded by people wanting freedom before ww3 starts and people cant travel again like COVID lockdowns. Insane grow in population. Never seen America booming so hard as now.

[@wepatopatore7675]

I guess they counting the 1% the rest we are animals 😂😂😂😂 it’s capitalism after all.

[@AbHarians]

That's why tourists from USA are decreasing rapidly since the last 5 years in my country. Thou i think the cost of living and have no saving is the reason for that. It is also happened to tourists from Europe but not as rapid as from USA meanwhile tourists from China was increasing since last year.

[@el-_-grando-_-_-scabandri]

@@AbHarians name of your country if you can?

[@dee-vee]

GDP growth is meaningless without looking at the nature of the growth. Is it financial engineering growth or industrial output growth?

[@ryanwalters6184]

Digging bigger holes and filling them to max that GDP! 😂

[@katong1953]

A large chunk of US GDP comes from increases in real estate values. Essentially, nothing is produced. Another major component of GDP comes from financial trades, where wealth is transferred from losers to winners, whose winnings go into the GDP. However, much of the losers' losses come from savings, which are not subtracted from the GDP. Actually, winnings and losses cancel out, and nothing is produced for the country. However, in GDP calculations, losses from savings are not subtracted from the GDP. Hence, although nothing is produced for the countey as a whole (winnings are cancelled out by losses), the GDP still registers gains from winnings. Banksters's fees in transferring wealth from losers to winners go into the GDP, although the banksters didn't help create anything for the country.

[@willgates8383]

That Biden has no idea what is happening in this world 😂😂😂

[@theinazmie2472]

The point is that why they, Americans want to do that...... At the same time condemning China economy...

[@the0neObserver]

US GDP 2023 = $27.36T, The underlying cost to get that number are [1]. US debt $31.42 grew to $33.17T = $1.75T, [2] Interest that has to be paid 2.97% X $33.17T = $0.98T, [3] Inflation rate 2023 = 3% X $27.36T = $0.82T, So $27.36T(GDP) - $1.75T(Debt) - $0.98T(Interest) - $0.82T(Inflation) = $23.81T

[@dovepenrol5955]

I do not think so ..us gdp in 2022 ..then you calculate to 2023 ...i think gdp usa is not 25T in 2022???😂😂 Check data on imf report ...

[@TacticalMayo]

Wrong because 85% of that debt belongs to the US citizen and not to foreign parties.

[@the0neObserver]

@@dovepenrol5955 google "imf datamapper gdp current prices", select US and 2022

[@dovepenrol5955]

@@TacticalMayo ...it seems you know nothing ... do you know how much gold in us reserve ? Where it came from ? It was foreign 's gold to exchange ...and how much us dollars out side of usa ? Does it means us in debted?

[@TacticalMayo]

@@dovepenrol5955 did you know that we hold more of China's debt than they hold of ours and Japan holds more of our debt than China does? No you did not, go to bed.

[@michaelchua3942]

Millions of Americans are working from paycheck to paycheck to put food on the table, thats reality not on false stats and narratives

[@michaelsweeney4547]

Liu Xin, your English is amazing, but "phenomenon" is singular.

[@DouglasW-m9z]

By the way the West media said 2.5% is doing better than China 5%, so well doesn't it?

[@johnli6782]

At last, a true and honest economic analysis rather than the babble that is coming out of the Western mainstream media.

[@thyristo]

The real US GDP is lower than 2.5% - because they count in the sales of used goods as well.

[@alyasagan3620]

2.5% and 3.1%...different is huge... US must come clean on GDP... On another note GDP is based on spending and US is expert in spending... Not producing...

[@Dollarrmb-pk6ub]

How long has US cherry pick published data

[@stephenvue2659]

In America, the government tell the people what they wanted to hear...not what the truth is. Exaggerated so people have a "feel good" attitude about its economy.

[@jazzman7167]

Do the USA GDP includes the homeless people pang handling around the freeway and the corner near my house? If that's the case the GDP must be around 10%.

[@MrTnylam]

US GDP fueled by inflation.

[@sbkarajan]

What I am confused is... China produces the most in the world China spends the most in the world China trades with other countries the most in the world And it's #2 largest economy?

[@sbkarajan]

Chinese Production, incomparable to the US. Steel, 11 times more than US production Aluminum, 40 times more Automobile, 3 times more Ships, 400 times more Clothing, Electronics, infinitely more, as the US gave up on these. Then China builds roads, bridges, apartment complexes, like there is no tomorrow.... The US cannot even clean up the trash covering its roads, let alone maintaining them or building something new.

[@sbkarajan]

And Chins is the #1 trading partner to almost all nations in the world, including EU. US says it trades more with Mexico and Canada, but it's not credible, as almost everything sold in Walmart, Amazon, Apple, Costco are mostly from China, including agricultural products. So, how's China #2 largest economy? That seems incredible. Someone is lying.

[@sbkarajan]

Chinese Pro.duc.tion, incomparable to the UXA Steel, 11 times more than UXA production Aluminum, 40 times more Automobile, 3 times more Ships, 400 times more Clothing, Electronics, infinitely more, as the US gave up on these. Then China builds roads, bridges, apartment complexes, like there is no tomorrow.... The UXA cannot even clean up the trxsh covering its roads, let alone maintaining them or building something new.

[@sbkarajan]

Chinese Proxxtion: Steel, 11 times more than US production Aluminum, 40 times more Automobile, 3 times more Ships, 400 times more Clothing, Electronics, infinitely more, as the US gave up on these. Then China builds roads, bridges, apartment complexes, nobody can compete.

[@sbkarajan]

Chinese Steel, 11 times more than US Aluminum, 40 times more Automobile, 3 times more Ships, 400 times more Clothing, Electronics, infinitely more, as the US gave up on these. Then China builds roads, bridges, apartment complexes, like there is no competition.

[@lsvaralokasf8249]

Why the volume of CGTN videos are softer than other channels? Is it deliberately made that way by KZbin?

[@richiesd1]

Let the Americans believe what they like.

[@rajeshkumarm6441]

Both are wrong. Inflation was between 10-11% and economy shrank by 9% . This is were the 1 and 2% claims come from .

[@DineshTwanabasu]

They printwd over 3T dollar. So its already over 10% of their economy. Its strange that the growth is just 2%. How who took that 3T.

[@BrandyHeng007]

"We Lie, We Cheat , We Steal" Yankee culture 😅

[@alicechan5568]

All I have been reading from our local news is this chain, that old company, etc etc are closing down or in liquidation. I really can’t see how the claim that the US economy is booming is justified.

[@psikeyhackr6914]

GDP is Grossly Distorted Propaganda What is NDP, Net Domestic Product What has happened to the depreciation of durable consumer goods since Sputnik? When was the last time you heard a PhD economist discussing planned obsolescence?

[@wangjim5839]

GDP growth largely due to robust contribution from the military industries corporation (brewing Russia and China threat works) and LPG sales to the EU.

[@BKLau70]

Simply can't trust US ...

[@acuantjahyadi7393]

Amerika sedang kesetanan, untuk meningkatkan angka PDB mereka, apapun di masukan sebagai PDB misalnya penjualan barang rongsokan , laporan kepolisi tentang pencopetan kerugian dari korban sebagai pendapatan untuk si copet

[@thenighttale-g8x]

i really wonder how does US economy grow 3,1 while at the same time so many retail shops closing in entire country

[@sukbadaimonghol1089]

Even if the story is not true about China economic collapse i bet most Indians are still jumping with joy.👳‍♂️👈🤣🤣😂

[@knt3219]

I Pick A Stock This Morning. Which Stock Do You Pick This Morning , Ms. Liu Xin. Sincerely, ❤️❤️❤️, KNT .

[@LearTrough]

2.5 % is to believe. It is not possible to exactly either project or calculate reliably a GDP growth. So, different sources may say different things at times. Better to wait for a number of reports from credible sources and take an average of it or the mode of the data (like 2.5% here) to get a better idea. Based on slowing down forecast and a possible recession phase, the US really did good this time; economists are surprised. You never know what can happen. Part of this was driven by the great spending of the American consumers (public).

[@marcionphilologos5367]

The dollar is obviously overvalued by at least 30% as the reserve currency of the West and East. Thereby are state, private and cooperative debts exponential growing and inflation not under control in the US. The CHINESE YUAN AND STOCK MARKETS are as socialist mean factory of the world at least 30% undervalued. SO, ONE HAS TO CONCLUDE THAT REAL GDP GROWTH IN THE US HAS BEEN ZERO AND THE ECONOMIC GROWTH IN CHINA IS ABOUT 7%. GERMANY HAS ALREADY BEEN HIT BY THE TRADE WAR OF THE WEST WITH CHINA, BUT WE MUST EXPECT THAT THE BIG HIT FOR THE US (DIMINISHING TRADE WITH CHINA, AFRICA, SOUTH AMERICA, THE MIDDLE EAST) WILL COME IN 2024-2025......

[@marcionphilologos5367]

In this analysis has been negated the fact tha US INTERNATIONALS (KZbin/ GOOGLE/ FACEBOOK/ TWITTER/ APPLE) make big money by pumping the profits from E-PLATFORMS out of THE EU/ SOUTH AMERICA ETC, and these regions/ nations will increasingly resist this vile practice, stimulated by China.

[@crazypikachucrcr7529]

The point is who bought and sold in the two biggest economies? Football tickets and gambling on the game. the United States. China jumps off because of the Holiday season.🦇

[@louistan7560]

Ask Janet Yellen. But the truth will be out soon.

[@galaxymetta5974]

USA GDP is computed by the expenditure method. So the higher private and government spending, the higher the GDP regardless its sustainability, its impact on debts and that Americans are paying for highly inflated medical, legal, accounting services etc and high military spending which do not add value to living standards. Whereas China GDP is computed by the production method, which tends to be more conservative. China also has a big shadow economy which is not reflected in its GDP. Hence USA GDP does not translate into significantly higher standard of living vs China taking the above into consideration and the fact that China has a greater Purchasing Power Parity and more even income distribution.

[@dariomendoza191]

Usa mainsteamMedia Always cooking up the BOOKS!!

[@syncmaster915n]

Allow me to put the inflation-affected GDP growth of the US in layman's term. I sold a loaf of bread to my neighbor last year for 1 dollar. This year, because of high inflation, i sold the bread for 1.09 dollar to cover my cost. Because my action counted for the GDP, so the increase of price of the bread contributed to the GDP growth. I actually didn't increase my productivity by selling more bread. I only sold one loaf of bread. It was the inflation that makes me look like i made more money than last year lol

It's funny that they first argue that Washington post cherry picks data, though it is explicitly stated there that they are talking about Q4 2023 growth. And then they immediately go to comparing US growth, which is mature developed country to China that is developed country. Of course the growth numbers are totally different. US GDP per capita was in 1950s similar to China's is today and its growth numbers were too. I hate cherry picking like any other but please make better examples and talk about real comparisons.

[@TituIshtiaque]

In coming 10 years young populations growth will be the main issue for china China should not underestimate this issue like Japan South Korea..

[@hollowgonzalo4329]

@TituIshtiaque China is in a unique position somewhat compared to those nation's due to the nature of their government. There's various angels of attack which can be taken by them not necessarily practical to Westren nation's. Whether that be via technological innovations such as artificial wombs, subsidized surrogacy for men, clamping down on female higher education and potentially even a reversal of the one child policy by mandating that all who are fertile must have x number of children by x number of age (presumably the age being a bit lower for women and higher for men).

[@urimtefiki226]

We are fighting for the food while you make billions

[@JamesHGroffSr]

Dont put THE DOG onto me HONEY you guys lived in the same filth that we did for years!!!

[@urimtefiki226]

One is plunderfing your house and tries to burn it to hide his fingerprints US (my algorithm in producing chips) the ohter one is helping through making guard no one sees them (buying the chips for machines) Both thieve cooperate, while my leg still hurts me, and both know this issue

[@ZenLH]

👍👍👍👍

[@ryanwalters6184]

For the people in the back: DEFLATION IS THE DANGER SIGN!

[@americaneagle76]

🤨

[@jasonlau5637]

Why don’t you talk about the evergrande situation? And how all those people in China lost money. Talk about it Chinese lady who study abroad if you claim your a journalist 😂😂😂😂

[@katateo328]

hahhah, lai la thong ke nua ah, muon con so bao nhieu ne DDD

[@frederiquecouture3924]

✌️.

[@stevennotthe2997]

First?

[@arthurlincoln9093]

Liu Xin ought to check out her Nasdaq shares. I see the Shanghai composite was down again reflecting the lack of confidence investors have in the Chinese export driven economy.

[@vincenttay2812]

Better take care of your own backyard before commenting on the Shanghai composite index😅

[@user-mhgu6om9mj2t]

Arthur Lincoln, you ought to think before you speak 😂. China is doing fine. STOP THE FAKE NEWS BY TRYING TO HURT CHINA.

[@billinsf88]

We all know it’s the top 10% of Americans own 93% of all stocks. 😂…. Just look up how many US politicians own stocks🙄

[@arthurlincoln9093]

@@vincenttay2812 Sell, sell, sell!!!!

[@arthurlincoln9093]

@@billinsf88 What do pension companies own? What do rich Chinese own from the NASDQ? Plenty. I can tell you.

[@pushslice]

LOL….just …LOL , @ the amateurish deflection and spinjobbing . Perhaps put priority on actually worrying about the collapse of your own house-of-cards economy?? Or perhaps go figure out why your country is hemorrhaging incredible levels of exodus of capital and talent . (hint: if you haven’t already, it’s too late)

[@privacyhelp]

u.s would be redefine gdp similar how they redefine recession and gender 🤣🤡🇺🇲

[@masterwong5568]

美国这个2.5增长有多少通货膨胀在里面？？