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"until it eventually gets lapped some time in the mid-21st century" Ha - nobody can see that far out. Also, it's all based on relative value, PPP - so it's an
by alexasmyths 9y ago
"until it eventually gets lapped some time in the mid-21st century"
Ha - nobody can see that far out.
Also, it's all based on relative value, PPP - so it's an incredibly difficult thing.
One could also argue that China surpassed the US a long time ago.
- seanmcdirmid 9y agoPPP is a horrible measure when many things actually cost more in china than they do in the states. Ya, if all you are concerned with is food and services, $100 in china is greater than $100 in the USA. But if you want to buy a house? A nice Honda? A pair of Levi jeans? Those are all 2-3X or even more. Chinese go abroad to shop for good reasons.