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by gitah
1754 days ago
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Just compare construction GDP between China and US. Both report a similar amount nominally (once adjusted for exchange rate), but China uses more than 10x the cement and steel as the US. This is for actually building things. On the tertiary side, housing service GDP (ex. rent and inputed rent) has the US report 2-3x more than China despite having 25% the population. |
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