MaoTheLawn [any, any]@hexbear.net to news@hexbear.netEnglish · 4 months agoChina rejects $1 TRILLION loan plan from the IMF for a 'housing rescue plan' (bail out the real estate corporations)archive.isexternal-linkmessage-square44fedilinkarrow-up1153arrow-down11file-text
arrow-up1152arrow-down1external-linkChina rejects $1 TRILLION loan plan from the IMF for a 'housing rescue plan' (bail out the real estate corporations)archive.isMaoTheLawn [any, any]@hexbear.net to news@hexbear.netEnglish · 4 months agomessage-square44fedilinkfile-text
minus-squareSelf_Sealing_Stem_Bolt [he/him, they/them]@hexbear.netlinkfedilinkEnglisharrow-up15·4 months ago an annual review of the world’s second-largest economy What weird hollywood accounting are they using to put China’s economy behind amerikas lmao
minus-squareAstroStelar [he/him]@hexbear.netlinkfedilinkEnglisharrow-up11·edit-24 months agoUsing nominal GDP instead of GDP adjusted for purchasing power parity (PPP). America still leads in the former because the same goods and services cost more there than in China.
minus-squareKieselguhr [none/use name]@hexbear.netlinkfedilinkEnglisharrow-up13·4 months agothis is also the same neat trick they use when they say Italy’s economy is bigger than Russia’s
What weird hollywood accounting are they using to put China’s economy behind amerikas lmao
Using nominal GDP instead of GDP adjusted for purchasing power parity (PPP). America still leads in the former because the same goods and services cost more there than in China.
this is also the same neat trick they use when they say Italy’s economy is bigger than Russia’s