Re:China-Russia trade has surged as countries grow closer
by lostmsu on Monday March 07, 2022 @04:15PM
(#30593414)
I would expect food to be much cheaper in Russia due to the abundance of farmland. Same for energy.
Re:China-Russia trade has surged as countries grow closer
by user432678 on Monday March 07, 2022 @04:36PM
(#30593616)
I would not say there’s an abundance of farmland. Yes, it’s quite big, but most of the Russian territory actually has quite extreme climate conditions, not suitable for farming. And even good farmland is actually abandoned, which always surprised me. I was travelling by car from Saint Petersburg to Sochi every summer till 2016. Huge areas filled with nothing but weeds, or even worse — toxic and hard to eradicate hogweed. So food there usually a little bit cheaper (not much) just because it’s a lot lower quality.
>Russia gdp per capita for 2020 was $10,127 China gdp per capita for 2020 was $10,500
Why is there such a huge discrepancy between the PPP adjusted numbers? My impression is that lower GDP countries tend to have their PPP adjusted up because the price of goods in those countries are also cheaper. However, china and russia have similar nominal GDPs. Are goods just super expensive in China for some reason?