China has many more socialized services and their income level is far less indicative of overall quality of life
It has honestly been a long time since I heard someone in the west suggest the chinese economy is struggling at all - i thought maybe something meaningful had happened in the last week or something that changed that picture
humanspiral@lemmy.ca 2 days ago
Interesting graphs. China does have a lot of very poor provinces, even if high number out of official poverty levels. PPP income per capita is much higher in China than US and growing significantly.
lmmarsano@lemmynsfw.com 2 days ago
PPP national income per capita in USA > 3-fold that in China
where China beats USA is personal wealth of the less wealthy as mentioned before
economic inequality
humanspiral@lemmy.ca 2 days ago
Thank you for correction and other links. China with over 4x the population, has higher PPP GDP, but I misspoke about per capita GDP.