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Chinas GDP is higher than that of the US if you take Purchasing power parity into account.[0] [0] - https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(PP
by harias 8y ago
Chinas GDP is higher than that of the US if you take Purchasing power parity into account.[0]
[0] - https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP) https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(PP...
- Retric 8y agoChina has a huge population so Per person China's GDP is much lower even including PPP. Per capita GDP depends on things like natural resources and corruption levels. So China is likely to lag behind on that measure long term, still they plenty of room for improvement.
- seanmcdirmid 8y agoNo it isn’t. Also, PPP is a dumb metric, many things in China beyond services and food are much more expensive than they are in the USA.