Understanding China, One Blog at a Time

An American in China

Excellent Comment I found Online about China

Posted by w_thames_the_d on February 27, 2011

China is extremely wasteful in all they do. Alhtough miserly with their money, they are quite foolish in terms of the big picture. They build shoddy buidlings with no insulation thus wasting construction materials as well as oil. in addition, they build then tear down new buildings as if it were a video game, to them they just want their numbers so they look good (GDP).

here is a comment I read about China and its GDP
“Bill Rich says: February 23, 2011 at 3:45 am
Chinese GDP measures how wasteful China is, not how productive. All empty apartments, shopping malls, office towers, whole townful of buildings are all part of GDP. The roads with no cars, the trains with no passagers (and the expenses of running these empty trains) are part of GDP. The 10 year old high rise torn down so that another one can be built in the same location, and will remain equally empty, is GDP too, twice, once for tearing down the old one, and another for building the new one. Robbing farmers of their land, and build empty factories on it is another way to create GDP – the supposedly inflated land price and the new empty factory building.

There are so many ways to create this GDP thing. As long as the government don’t mind robbing the people, and waste the proceed , this GDP can grow and grow forever.”

One Response to “Excellent Comment I found Online about China”

  1. Tom said

    A good follow up to that comment can be found at http://seeingredinchina.wordpress.com/2011/02/23/does-chinas-growth-mean-communism-works/

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