American logistics expert reports from China video: Are we measuring China’s GDP wrong? 美國物流專家中國視訊通報：我們對中國GDP的衡量是否錯誤

https://youtu.be/hU0HO0xfuYo?si=wV3CIgDBK__e24C0
https://www.tiktok.com/t/ZP867KPBK/

The United States has the largest economy in the world, by traditional GDP measures.

But when adjustments are made to account for Purchase Price Parity, and the cost differences for similar products, it is China with the largest economy.

The United States has a giant services sector, and includes careers that have no equivalent in other countries. The massive legal, finance, insurance, real estate brokerage, and lobbying industries are far larger in the US than in any other country.

When economists remove those sectors from the calculation of GDP, the result is “Productive GDP”, and involves accounting only for the production of tangible products in the economy.