| > GDP per capital with PPP China’s ‘25 GDP per capita on a purchasing-power parity basis is $29k to America’s $90k [1]. American real GDP per capita grew at 1.7% a year from 2015 to 2025 [2]. (American PPP GDP/c grew 4.5% a year from 2014 to 2024 [3].) From 2004 to 2024, Chinese PPP GDP/c grew 7.4% a year [4]. If China and America keep growing at their respective rates, we wouldn’t expect convergence for 20+ (40, using America’s PPP GDP/c) years. That’s too long for our if condition to be expected to hold. There is not a strong argument for Chinese GDP/capita, PPP-adjusted or not, approaching America’s within a generation. There is a risk China’s economy becomes bigger than ours in aggregate. > what quality at that low price means is tofu dreg buildings, cancerous food items, waist high flooding every summer in cities, ghost buildings, and unsafe water (recently one of the most prosperous city, Hangzhou, had sewage seeped into the water for weeks, which the local government denied responsibility) Your comment loses credibility with this rant. [1] https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(PP... [2] https://fred.stlouisfed.org/series/A939RX0Q048SBEA/ [3] https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?locat... [4] https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.KD?locat... |
From 2004 to 2024, Chinese PPP GDP/c grew 7.4% a year [4].
What an incredibly dishonest comparison!