[alephnerd]

I highly doubt GDP numbers in China are falsified, but GDP per capita doesn't matter much when median household incomes in China remain in the $250-350/mo (EDIT: $400-500/mo, good callout, needed to update priors from covid) range according to Chinese government statistics.

This is why Chinese overproduction exists - incomes are too low for most Chinese consumers to purchase higher value goods that are made in China, because you aren't upgrading your cellphone or car every year when your household income is in that range.

[bdangubic]

maybe those numbers are right decades ago - now it is double that, in disposable income

https://www.statista.com/statistics/278698/annual-per-capita...

[alephnerd]

2024 - https://www.stats.gov.cn/english/PressRelease/202408/t202408...

[bdangubic]

income of $300-ish vs disposable income of almost $3k are quite different things :)

[201984]

That's 3k per 6 months, so about $500/month disposable income.

[bdangubic]

yup! a whole world apart from $250-ish income originally stated

[alephnerd]

Hence why I edited it once you pointed out the issue. But my initial point still stands.