China Overtakes US As World's Largest Economy (unemployment, stats, financial)
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That's the old Hollywood or fox news image you have ,today China has more billionaires than many countries,
Hmmmm.... they have 152 billionaires out of 1.367 billion people. That's 0.00001 percent of the population. Hardly a meaningful statistic. The US has 492 billionaires out of 318 million people. That's 1400 times as many billionaires per capita.
I also cannot find that in the link. Is there another link?
It's simply not true.
Consumerism is a large part of why the US is where it is economically in the first world.
China is still by and large 3rd world. If the typical Chinese household had anywhere near the US volume of stuff, they would already be first world. In fact this is the next purpose of the Chinese central command in turning the direction of their economy towards the people and consumerism.
Hmmmm.... they have 152 billionaires out of 1.367 billion people. That's 0.00001 percent of the population. Hardly a meaningful statistic. The US has 492 billionaires out of 318 million people. That's 1400 times as many billionaires per capita.
Hmmmm.... they have 152 billionaires out of 1.367 billion people. That's 0.00001 percent of the population. Hardly a meaningful statistic. The US has 492 billionaires out of 318 million people. That's 1400 times as many billionaires per capita.
Maybe you should try some other statistic.
Your math is way too wrong though.
(492/0.318)/(152/1.367) = 14
"GDP PPP per capita" is a measure of each citizen's share of gross domestic product, adjusted for purchasing power. PPP means "purchasing-power parity."
The figures vary somewhat per source, but according to the IMF, as of 2011 the figures were:
US - $53,001
China - $11,868
This places China just ahead of Jordan, and just behind the Maldives, in terms of per-capita national income, adjusted for purchasing power.
I suppose the Chairman Xi Fan Club will be along any minute now to claim that China has gotten five times richer in the intervening four years.
Consumerism is a large part of why the US is where it is economically in the first world.
China is still by and large 3rd world. If the typical Chinese household had anywhere near the US volume of stuff, they would already be first world. In fact this is the next purpose of the Chinese central command in turning the direction of their economy towards the people and consumerism.
Few Chinese own a house, but an apartment condo.
Many Chinese families do not own a car.
Other than that, there is no big difference actually. Normal families all have TVs, computers, air conditioners and so on.
Unemployment rate is supposedly 5.9% yet china over takes the US economy some how...Fishy...
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