Re:Beijing Takes Aim at Prague After ‘One-China’ Dispute Dee...
by dragonwriter on Wednesday October 09, 2019 @09:45PM
(#21210118)
> A regular Chinese now matches a regular American in quality of life as measured by typical economical metrics (adjusted for purchase parity, not in nominal value).
No. China’s per capita GDP adjusted for purchasing power parity is still under US$17K. Even with perfectly flat income distribution that would be around half of US median personal income. Realistically, the gap is much more than 2×.
No. China’s per capita GDP adjusted for purchasing power parity is still under US$17K. Even with perfectly flat income distribution that would be around half of US median personal income. Realistically, the gap is much more than 2×.