China's Ghost Cities and Malls

China's GDP is based on recorded production activity rather than being a measure of the GDP expenditure approach, as U.S. data are, (sum of consumption, business investment, government spending and net exports).  In other words, it permits funds allocated for production to count as de facto outlays by end users, as well as to record shipments to retailers as sales.  That is how you give the impression of exceptional growth, which is the beauty, of course, of running a command economy, where if you say loan, the banks lend like mad, and if you say produce, production rises.  Like China’s ghost cities and malls.  Where is Wall Street in pointing out how China measures its GDP?  Go figure!