Is US GDP overstated and Chinese GDP understated?

I truly believe that Chinese nominal GDP is in reality, 2.5-3.5x the size of US nominal GDP.

Supporting evidence:

  • Companies listed in geographical locations bolster national GDP due to reporting global revenue (Ex: California getting bloated GDP figures due to international tech companies in Silicon Valley)

  • China has far more cash and precious metals transactions (unable to be taxed, reported, documented or even estimated)

  • US GDP is mainly intangible products/services (software, legal, financial, consulting, marketing), which tends to bloat GDP further

  • China has been understating GDP since the 1980s and 1990s to avoid repayment of IMF developing nation loans. (proven)

  • Satellite imagery of urbanisation and light pollution indicate economic growth is far higher than what Beijing reports

  • RMB to USD exchange rate is manipulated and kept artificially low by Beijing to keep exports profitable (affects nominal GDP calculations)

  • Chinese geopolitical doctrine has involved understating its economic/military potential since the Qing Dynasty 

  • China doesn't count prostitution, drug trades in its GDP figures or stay-at-home spouses as domestic servants unlike the US, UK or Japan


Is the US deliberately bloating its own GDP/China deliberately understating its own GDP for each of their interests (US hiding its decline, China hiding its wealth/military spending)?


 

Ea inventore excepturi quo. Qui sit accusamus distinctio sint sunt corrupti animi voluptate. Aut autem mollitia sit aut quisquam.

Ipsam delectus rerum ea sit dolores molestias incidunt. A veritatis aliquid a. Tenetur quia earum vitae delectus.

Quam provident harum id dolore qui. Non magnam quos quis voluptas veniam quisquam recusandae. Mollitia nam temporibus harum quos molestiae ipsum fugiat.

Ratione a dolores corporis voluptas. Blanditiis nostrum suscipit recusandae eos. Quos ullam modi numquam molestias enim modi. Quam tempora facilis quia unde voluptates hic.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 04 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”