The 2% GDP number includes all trade with the USA. Is around 2.8%. So you are wrong. I am including that.
What does GDP stand for? Gross Domestic Product. Domestic Product. Domestic. Product. Domestic. Imports are not “Domestic Product”. GDP is a measure of the monetary value of goods and services produced domestically by the country. The 2.8% number that you have cited is a percentage of total goods that China has produced which were EXPORTED to the US. It does not include the imported products that it receives from the US. 7% of all imports that China receives are from the US.
Good. 7% of imports. A meaningless number without any context whatsoever. How does that 7% relate to their economy? What is that 7% in raw numbers compared to their total economic activity, ie their GDP? 7% on it’s own is absolutely meaningless as a number to tell people. It has no context by which we can evaluate anything of use other than the self referential value it directly represents. It could be super meaningful to their economic situation or absolutely meaningless and inconsequential. With only a 7% number we literally can’t know anything in regards to this. It becomes a form of abstraction to the point of misinformation which is why the west pushes numbers like this.
You say my mind is colonized because I think GDP on it’s own is a misleading way to describe the trade relations between China and the US? You didn’t even know that imports are not included in a country’s GDP. I’m not even sure that you know what GDP is. GDP is not a Marxist measurement of the economy. GDP misplaces value on the sales price of goods rather than the value of labor. The Chinese government didn’t even start using GDP measurements until 1985-1993, when China had major economic reforms under Deng Xiaoping. Before adopting GDP, China measured their economy with an accounting system called Material Product System (MPS). MPS was invented and used by the Soviet Union. MPS is still used by DPRK and Cuba to this day. MPS was created with Marxist principles and measures the annual production of material goods. GDP was developed by Simon Kuznets, a Russian-born American economist who chose to leave the Soviet Union after the 1917 revolution to live in the United States, and then went on to mentor Milton Friedman.
“Decolonize your mind”. Who taught you this phrase? You think that my mind is colonized because I think it’s misleading to imagine China’s global trade using an American economic framework which places economic value on sales price rather than labor, created by a bourgeois economist who fled the Soviet Union shortly after the revolution. I don’t know what to say to you if you believe that GDP is decolonial but I will tell you a joke.
Two economists are walking in a forest when they come across a pile of shit.
The first economist says to the other “I’ll pay you $100 to eat that pile of shit.” The second economist takes the $100 and eats the pile of shit.
They continue walking until they come across a second pile of shit. The second economist turns to the first and says “l’ll pay you $100 to eat that pile of shit.” The first economist takes the $100 and eats the pile of shit.
Walking a little more, the first economist looks at the second and says, “You know, I gave you $100 to eat shit, then you gave me back the same $100 to eat shit. I can’t help but feel like we both just ate shit for no reason.” “That’s not true”, responded the second economist. “We increased the GDP by $200!”
What does GDP stand for? Gross Domestic Product. Domestic Product. Domestic. Product. Domestic. Imports are not “Domestic Product”. GDP is a measure of the monetary value of goods and services produced domestically by the country. The 2.8% number that you have cited is a percentage of total goods that China has produced which were EXPORTED to the US. It does not include the imported products that it receives from the US. 7% of all imports that China receives are from the US.
Good. 7% of imports. A meaningless number without any context whatsoever. How does that 7% relate to their economy? What is that 7% in raw numbers compared to their total economic activity, ie their GDP? 7% on it’s own is absolutely meaningless as a number to tell people. It has no context by which we can evaluate anything of use other than the self referential value it directly represents. It could be super meaningful to their economic situation or absolutely meaningless and inconsequential. With only a 7% number we literally can’t know anything in regards to this. It becomes a form of abstraction to the point of misinformation which is why the west pushes numbers like this.
Decolonize your mind, jfc.
You say my mind is colonized because I think GDP on it’s own is a misleading way to describe the trade relations between China and the US? You didn’t even know that imports are not included in a country’s GDP. I’m not even sure that you know what GDP is. GDP is not a Marxist measurement of the economy. GDP misplaces value on the sales price of goods rather than the value of labor. The Chinese government didn’t even start using GDP measurements until 1985-1993, when China had major economic reforms under Deng Xiaoping. Before adopting GDP, China measured their economy with an accounting system called Material Product System (MPS). MPS was invented and used by the Soviet Union. MPS is still used by DPRK and Cuba to this day. MPS was created with Marxist principles and measures the annual production of material goods. GDP was developed by Simon Kuznets, a Russian-born American economist who chose to leave the Soviet Union after the 1917 revolution to live in the United States, and then went on to mentor Milton Friedman.
“Decolonize your mind”. Who taught you this phrase? You think that my mind is colonized because I think it’s misleading to imagine China’s global trade using an American economic framework which places economic value on sales price rather than labor, created by a bourgeois economist who fled the Soviet Union shortly after the revolution. I don’t know what to say to you if you believe that GDP is decolonial but I will tell you a joke.
Two economists are walking in a forest when they come across a pile of shit.
The first economist says to the other “I’ll pay you $100 to eat that pile of shit.” The second economist takes the $100 and eats the pile of shit.
They continue walking until they come across a second pile of shit. The second economist turns to the first and says “l’ll pay you $100 to eat that pile of shit.” The first economist takes the $100 and eats the pile of shit.
Walking a little more, the first economist looks at the second and says, “You know, I gave you $100 to eat shit, then you gave me back the same $100 to eat shit. I can’t help but feel like we both just ate shit for no reason.” “That’s not true”, responded the second economist. “We increased the GDP by $200!”
thats a lot of words that im sure maybe someone will read