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by alephnerd
1421 days ago
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The 1975 US Household median income was ~$13,000 (approx $65,000-70,0000 in 2019 dollars) [0][1] Chinese household median income is around $4,700-4,800 in 2021, with massive disparities between First world comparable regions such as Beijing, Shanghai, and Tianjin, and rust belt regions like Wuhan [2]. Even the Chinese Premier Li Keqiang has noted that 600 million Chinese earn less that $140/month [3]. This of course leads to the larger discussion about GDP per capita being a weak metric to use when analyzing regional development, but in general China is by most standards still a developing middle income country with a (relatively) small and overperforming hinterland. [0] https://www.census.gov/library/publications/1977/demo/p60-10... [1] https://www.in2013dollars.com/us/inflation/1975?amount=1 [2] http://www.stats.gov.cn/english/PressRelease/202201/t2022011... [3] https://www.globaltimes.cn/content/1189968.shtml |
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