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I mean the everyday people are happy and their GDP is high.
by JCharante 1y ago
I mean the everyday people are happy and their GDP is high.
- dgfitz 1y agoI have been under the impression that China has been lying about their GDP for years and years, I thought this was commonly known. I have also been under the impression, for years and years, that it isn't a good idea to speak ill of the one-party regime, to anyone ever.
- alephnerd 1y agoI highly doubt GDP numbers in China are falsified, but GDP per capita doesn't matter much when median household incomes in China remain in the $250-350/mo (EDIT: $400-500/mo, good callout, needed to update priors from covid) range according to Chinese government statistics. This is why Chinese overproduction exists - incomes are too low for most Chinese consumers to purchase higher value goods that are made in China, because you aren't upgrading your cellphone or car every year when your household income is in that range.
- bdangubic 1y agomaybe those numbers are right decades ago - now it is double that, in disposable income https://www.statista.com/statistics/278698/annual-per-capita-income-of-households-in-china/ https://www.statista.com/statistics/278698/annual-per-capita...