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A comment on China again boosts R&D spending by more than 10%. Parent comment

Re:China again boosts R&D spending by more than 10% by sudosysgen on Monday August 31, 2020 @11:34AM (#24332495)
I don't understand why this is downvoted. Money goes further in China than in the US, and the Chinese GDP PPP is indeed higher than the US, although barely.
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Re:China again boosts R&D spending by more than 10% by Gibbon1 on Monday August 31, 2020 @04:20PM (#24335523)
A lot of what's spent in the US goes towards private rents. Money that goes towards rents is a waste. Most don't see it because it's everywhere. Either directly or indirectly. You pay more per sqft for an office, but you also pay more per hour for labor, because the guy you hires also pays rent[1]. Things cost more because the supply chain has to pay rents.

[1] Consider a lot of workers half their income goes to rent.

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Re:China again boosts R&D spending by more than 10% by newen on Monday August 31, 2020 @01:50PM (#24334028)
$27.8 trillion vs $20.3 trillion is not barely.
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Re:China again boosts R&D spending by more than 10% by sudosysgen on Monday August 31, 2020 @02:16PM (#24334305)
Holy shit. Not even a year ago it was 23.4 to 21.4, not only did the coronavirus do a number on the US economy, but Chinese growth has been simply explosive.
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