freediver wrote on Feb 20^th, 2022 at 2:53pm:


1. In 2008, (the start of the GFC) Chinese GDP was c.$4.5 trillion, now it's $18 trillion. (US c $14 to $20 trillion in the same period).

2.Wealth inequality remains higher in the US  than in China.

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Well at least this is evidence. Just not in your favour.

On a per capita basis, that is a fraction of Americas. One minute you are complaining that the CCP had to kill 50 million of its own citizens because it is somehow more difficult to life a large country out of poverty than a small one. Now you are equating their enourmous population with relative wealth.

Did the CCP train you in hypocrisy?

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So you keep saying. But you never produce evidence.

https://en.wikipedia.org/wiki/Poverty_in_China#Poverty_reduction

As of 2015, over 1/4 of China's population earns less than $5.50 per day.

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I have stayed in one of the better ones. It's a strange experience. I recall crossing the road in a storm to pick up dinner. On the way back we were carrying various soups and noodles dumped straight into shopping bags, wading through ankle deep water to cross the street, that smelt like raw sewage. Luckily I was wearing my blundstones.

Living in China vs Living in America (part1)

Athos, can you tell the difference between evidence and propaganda?

How do you think Chinese compare to Americans on wealth or wealth inequality?

freediver wrote on Feb 20^th, 2022 at 5:24pm:


How so?

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Correct. But per capita GDP has risen faster in China than the US during 2008 to now, which we can expect will continue.   

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As shown by the fact that India is still in 'low developing'  status, while China is on the verge of 'developed country' status depending on definition:

"Some economists consider $12,000 to $15,000 per capita GDP to be sufficient for developed status while others do not consider a country developed unless its per capita GDP is above $25,000 or $30,000".

Note on a PPP basis, China already has the largest economy in the world, with per capita GDP c.$18000 (PPP)

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No, as explained above. But obviously the 2nd biggest economy in the world CAN afford to land a land rover on Mars, whereas a "wealthy" country like Oz  cannot afford to do so.

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No: unlike you I was taught to think clearly; a near $20 trillion economy is wealthy in terms of global spending power, whether its population is 300 million or 1.3 billion.

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"World Bank estimates of the Gini coefficient – an economic measure showing the level of income inequality in a country – put China among the most unequal major global economies, behind most of Europe, but ahead of the US.  23 Aug 2021"

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In 2015, China's economy was 2/3  its current size.

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Presumably that implies 300 million people (twice the population of Japan) living in good housing, which makes sense, given the middle class is c.400 million. 

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Year? City? In a storm......

thegreatdivide wrote on Feb 21^st, 2022 at 12:06pm:

High speed trains that go to nowhere or ghost cities.

Still, it artificially inflates China's GDP; so, good for propaganda.

https://www.abc.net.au/news/2018-06-27/china-ghost-cities-show-growth-driven-by-...

Key points:
There may be as many as 64 million empty apartments in China
Many people buy the properties as an investment with no intention of ever moving in
Author says ghost cities show growth is driven by debt in China

Designed for populations numbering in the hundreds of thousands, the mass construction projects can include towering high-rise condominiums, huge shopping centres, city squares, street lights and replicas of cities in Europe and elsewhere.





Kitch cities by kitch people.

thegreatdivide wrote on Feb 21^st, 2022 at 1:58pm:

Westerners saw all this 'progress' during the soviet and eastern European era of totalitarian regimes.

Stalin was particularly good at playing the tour guide whenever his useful idiots were in town.

When communism collapsed in eastern Europe and Russia, then we got to see what a giant gulag and wasteland communism had really done to the ex-communist lands.

We're seeing footage of what it's really like now in China, but I'd bet it's 10 times worse in reality.