this post was submitted on 14 Mar 2025
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China’s Record Manufacturing Surplus (www.cfr.org)
submitted 1 month ago by humanspiral@lemmy.ca to c/economics@lemmy.ml
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Data is only to 2023.

Manufacturing, and other physical goods should count as double in GDP. In a way goods trade surpluses/deficits don't matter because receiver gets something tangible in exchange for money.

US GDP is still inflated by overpaying for healthcare, and "owners equivalent rent" "fabrication" of 11% of its GDP. This component happens to also get boosted by high interest rates.

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