"Is China fabricating its GDP data? I don't know. But the United States is definitely fabricating. China's per capita electricity consumption is 8MWh, compared to 3MWh in 2010. This is proportional to the actual GDP growth reported by China. The United States' per capita electricity consumption is 13MWh, unchanged since 2010. The GDP of the United States has grown significantly, but industrial output is below 2008 levels. In 2017, 'real' personal healthcare consumption expenditure was $2.8 trillion, nearly double the level of 2010. This accounts for 18% of our GDP! But has our spending on healthcare services really doubled?"
ps: This refers to inflation-adjusted healthcare consumption.
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