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>It means more Chinese entering the middle class, buying American goods China urban household's per income isn't that much better....at $4500 dollar/year or ar
by xenopath 9y ago
>It means more Chinese entering the middle class, buying American goods
China urban household's per income isn't that much better....at $4500 dollar/year or around $375 dollar/month. https://www.realclearworld.com/articles/2016/09/16/china_is_ https://www.realclearworld.com/articles/2016/09/16/china_is_
> China has 1 billion MORE people than the US and yet the GDP of the US is still 165% of China's
That's because the rural population - 800M - only makes about $4/day, or $1400 a year....crippling poor. https://www.realclearworld.com/articles/2016/09/16/china_is_ https://www.realclearworld.com/articles/2016/09/16/china_is_ .... Whenever my clients say they want to expand to China because they have 1.3 billion people! I laugh.
- dis-sys 9y agothis is also witnessed by many businessmen from Taiwan. they concluded that Chinese living in China can't afford to eat $1 instant noodle, the example they described is that once someone opens up a cup of instant noodle in public, people gather around him/her and start to look at the instant noodle in jealous. :)