THE ASTUTE BLOGGERS SCOOPS POWER LINE ON THE SIZE OF THE CHINESE ECONOMY - BY ONE MONTH!

POWER LINE TONIGHT:

China's Economy: Not So Big After All

Most measures of countries' economies are distorted by currency exchange rates. The World Bank has developed a new method of measuring economic activity that is intended to correct for this distortion. The results are quite interesting:

The size of China's economy is overestimated by some 40 percent based on most current measures, but is the world's second largest, the World Bank said Monday.

THE ASTUTE BLOGGERS NOVEMBER 17 - ONE MONTH AGO:

CHINA'S ECONOMY ACTUALLY 40% SMALLER THAN PREVIOUS ESTIMATES

YAHOO/AFP:

China's economy is 40 percent smaller than most recent estimates, a US economist said Wednesday, citing data from the Asian Development Bank and guidelines from the World Bank.

Albert Keidel, a senior associate at the Carnegie Endowment for International Peace and a former US Treasury official and World Bank economist, made the comments in a report published by the US think tank and in a commentary in the Financial Times.

Keidel told AFP he made the calculations based on a recent ADB report that made its first analysis of China's economy based on so-called purchasing power parity (PPP), which strips out the impact of exchange rates.

• CHINA IS A POTENTIAL THREAT AND AN EMERGING POWER, BUT STILL A THIRD WORLD NATION.

• WE SHOULD PRESSURE THEM MORE AND MORE ON THEIR LACK OF LIBERTY AND SHODDY IF NOT NON-EXISTENT MANUFACTURING STANDARDS.

• THE WEAK DOLLAR HELPS OUR CASE HERE: THE CHINESE WOULD PREFER IT TO REMAIN STRONGER - AS WOULD THE SAUDIS.

• THIS PROVES ONCE AGAIN THAT WE AT THE ASTUTE BLOGGERS JUST DON'T FOLLOW THE PACK; WE LEAD.

• WE FREQUENTLY POST ON IMPORTANT YET UNDER-REPORTED NEWS WELL BEFORE ALL THE BIG BLOGGERS.

SPREAD THE WORD. BLOGROLL US!

*******UPDATE:

Just like yesterday, we've found another story on which we scooped two BIG BLOGGERS: ROGER SIMON links to BREITBART on SARKOZY AND BRUNI AT DISNEYLAND.

We had this yesterday. WITH HOT JPEGS THEY DIDN'T HAVE!

You know... if these big bloggers - like Simon and Breitbart and Glenn and Power Line etc.- read The Astute Bloggers everyday, then they'd be more up on the news! But you know that!

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