Re:What being filthy rich in China looked like in 1, 1000, a...
by gruez on Tuesday October 24, 2023 @09:18PM
(#38007975)
There are actual issues with comparing PPP numbers[1], but "tofu dreg buildings, gutter oil, fake food, [...]" isn't one of them.
[1] specifically that on the world market, it doesn't really matter what the value of your goods PPP adjusted is. In the end buyers only care about the absolute value of the goods. The fact that it was made in China (and therefore gets a PPP adjustment up) is irrelevant.
[1] specifically that on the world market, it doesn't really matter what the value of your goods PPP adjusted is. In the end buyers only care about the absolute value of the goods. The fact that it was made in China (and therefore gets a PPP adjustment up) is irrelevant.