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What numbers are you seeing for the surpassing living standards? Their gpd per capita flatlined in 2024 at $13k. That's with only 80M of their citizens making
by trasirinc 1y ago
What numbers are you seeing for the surpassing living standards? Their gpd per capita flatlined in 2024 at $13k. That's with only 80M of their citizens making above $2000/month. The bulk of their citizens make less than $100/month, and there's a declining middle class of around 200M that makes around $800/month. But they have high youth unemployment rate (>40%), there's a massive layoff wave coming in September with the mandatory social security payment from companies, and their recent factory wages have plummeted to $2/hour, barely survivable in first tier cities.
Before everyone jumps in with GDP per capital with PPP, what quality at that low price means is tofu dreg buildings, cancerous food items, waist high flooding every summer in cities, ghost buildings, and unsafe water (recently one of the most prosperous city, Hangzhou, had sewage seeped into the water for weeks, which the local government denied responsibility).
- jennyholzer 1y agoWhy are you so well-versed in these anti-Chinese narratives? Your message reads like you're a victim of anti-Chinese propaganda.
- trasirinc 1y agoI'm from China. I know what real numbers and news come out of China.
- collingreen 1y agoI'm from the US. I have no idea what numbers or news are real anymore (if I ever did). I'm impressed by either your ability to discern this for China or by your confidence that you can.
- HAL3000 1y agoSure, you are. You created this account 2 hours ago, all comments anti China, perfect english and you write about China as "their" country in one of the comments.
- jandrewrogers 1y agoFWIW, I do the same thing when referring to the US if my being American is immaterial to the point or observation. It is a way of intentionally not privileging your opinion.
- y-curious 1y agoRare to see "you're a bot" be invoked for anti-Chinese sentiment. Thanks for the tickle today!
- csomar 1y agoPropaganda can only work for so much. At some point, what you see and experience with your own eyes beats what you can convince me of what the truth is. If China is “collapsing” while producing all these EVs, Solar and high tech stuff then what would it do in a “healthy” economy? Colonize the moon?
- JumpCrisscross 1y ago> GDP per capital with PPP China’s ‘25 GDP per capita on a purchasing-power parity basis is $29k to America’s $90k [1]. American real GDP per capita grew at 1.7% a year from 2015 to 2025 [2]. (American PPP GDP/c grew 4.5% a year from 2014 to 2024 [3].) From 2004 to 2024, Chinese PPP GDP/c grew 7.4% a year [4]. If China and America keep growing at their respective rates, we wouldn’t expect convergence for 20+ (40, using America’s PPP GDP/c) years. That’s too long for our if condition to be expected to hold. There is not a strong argument for Chinese GDP/capita, PPP-adjusted or not, approaching America’s within a generation. There is a risk China’s economy becomes bigger than ours in aggregate. > what quality at that low price means is tofu dreg buildings, cancerous food items, waist high flooding every summer in cities, ghost buildings, and unsafe water (recently one of the most prosperous city, Hangzhou, had sewage seeped into the water for weeks, which the local government denied responsibility) Your comment loses credibility with this rant. [1] https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(PP... [2] https://fred.stlouisfed.org/series/A939RX0Q048SBEA/ https://fred.stlouisfed.org/series/A939RX0Q048SBEA/ [3] https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?locations=U https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?locat... [4] https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.KD?locations=CN&start=2004 https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.KD?locat...
- refurb 1y agoAmerican real GDP per capita grew at 1.7% a year from 2015 to 2025 [2] From 2004 to 2024, Chinese PPP GDP/c grew 7.4% a year [4]. What an incredibly dishonest comparison!
- AnimalMuppet 1y agoWhat about it makes it dishonest? What do you think would be an honest comparison? And, if you do it, what numbers do you get?
- refurb 1y agoWhere to start? Comparing a 10 year US period to a 20 year period? Seems awfully selective. Let's do a side by side comparison? 2018 to 2023? 2023 is the last year with solid numbers. US: 12% real GDP growth China: 26% real GDP growth Sounds impressive, until you account for the base. US: +$2.4T USD China: +$3.64T USD Yikes! 4x the number of people, but 0.5x the GDP growth.