China has distanced themselves from the "economic miracle"

The IMF estimates at major financial leadership can be incorrect, according to Chinese officials. According to them, China has never been 1 economy in the world, despite the statement in Davos.

The Chinese economy is not classified a leading worldwide, says the head of the State statistical Agency MA Jiantang. According to him, the official data is mistakenly perceived level of tariffs in China and the gross domestic product. Also, the calculations of the International monetary Fund, which demonstrate that the purchasing power parity in China is higher than in the United States are considered to be incorrect.

Application MA may mean that the phenomenon of "Chinese financial miracle" and tangible growth, especially since 2008 - this is only counting the stagnation of the economy, according to Lead.Ru. "In other words, we do not measure growth, but rather fix the fact that things that people do are much more expensive," announced the head of the statistical Agency. In fact, the price in China is much higher than in other States, convinced MA.

According to reliable sources, the IMF, the Chinese economy at the moment is USD 17.6 billion, and the United States - to $17.4 trillion. These characteristics of China IMF obtained by resampling the Chinese GDP from $10.3 trillion.

Previously, MA has announced that, despite an expanding economy, per capita GDP remains very low. He added that China is still a developing country in consequence of the enormous number of people living below the poverty line - about 200 million.

sections: Economics, World News