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Also cheap because the entire world subsidizes China-to-elsewhere shipping via the UPU continuing to classify them a “developing country”.
by transcriptase 2y ago
Also cheap because the entire world subsidizes China-to-elsewhere shipping via the UPU continuing to classify them a “developing country”.
- School-Cotton 2y agoWhy would China not count as a developing country?
- throwaway290 2y agohttps://thehill.com/homenews/house/3921082-house-unanimously-passes-bill-to-work-to-remove-chinas-developing-country-label/ https://thehill.com/homenews/house/3921082-house-unanimously... > “Their economy size is second only to that of the United States. [The] United States is treated as a developed country, so should PRC,” Kim said. “And is also treated as a high-income country in treaties and international organizations, so China should also be treated as a developed country.” And CCP also usually paints PRC superior to US in everything so it's kind of their choice too...
- School-Cotton 2y agoWhich country is poorer: Luxembourg or Kenya? Luxembourg has a lower GDP, after all.
- throwaway290 2y ago> PPP-adjusted GDPs per capita ftfy. on which btw China scores higher than Mexico and World Bank classifies Mexico as an upper-middle-income economy And the answer is Luxembourg by a mile.
- thaumasiotes 2y agoThe US is treated as a high-income country because incomes are high. Incomes in China are low. There's nobody disputing either of those claims. USA NGDP per capita 2024: US$86,600, just below Norway. China NGDP per capita 2024: US$13,000, just below Malaysia. Their economy is large because there are more of them. That doesn't do anything for their income.
- throwaway290 2y agoHigh income != developed. There are different metrics. Overall GDP very high, GDP PPP per capita middling, incomes highly disparate, etc. Developing status becomes kinda subjective and this particular move is not insane. Sadly it's unlike many many other moves.
- thaumasiotes 2y ago> High income != developed. There are different metrics. You might want to replace the quote you were citing.
- throwaway290 2y agoWhy?
- thaumasiotes 2y agoOK, I guess first you might want to read it.
- throwaway290 2y agoI did! Did you?
- transcriptase 2y agoWhen you’re the worlds 2nd largest economy, technologically advanced, and exerting geopolitical influence like a superpower, it’s somewhat comical to declare yourself a developing nation incapable of participating in global commerce without your shipping costs being subsidized by everyone else.