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Chinese Economy Collapsing
(lemmygrad.ml)
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this post was submitted on 05 Feb 2024
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One data point doesn't make a trend. The Chinese economy isn't collapsed, but the rate of growth of GDP for China has been negative (rate of growth, it's still positive growth) since at least 2012 from what I can see. The US rate of growth is fairly static over the same time (a slightly positive rate of growth, but not much), but about half the value of China's.
Don't cherry pick data. It's not useful.
Comparing the most recently available GDP growth data for one year across multiple major economies : cherry picking
Wondering why data from several decades ago (during the height of rapid massive industrialization that countries tend to only ever do once in their entire history) wasn’t included : not cherry picking
One year is meaningless. A few years ago China's economy did much worse (covid), so someone could pick that year and make things up. You need to look at a trend for it to mean anything.
All knowledge must include trend lines, otherwise it is not knowledge. Thus spake the god of epistemology.
Orcocracy's razor.