US PPP GDP per capita is $80K, China $23K. The average Chinese is MUCH WORSE off than the average American and it’s not close.
And no, just because China can produce more military equipment doesn’t mean it has more impact. The US offset the Soviet Unions production capability with the...
The US governments own economic forecast has US GDP crossing $40T in a decade.
China is clearly in long term steady decline which will be accelerated by demographic collapse in the 2030s and beyond. Chinas ability to close the gap with the US is growing smaller by the year. Time is running out.
https://amp.cnn.com/cnn/2023/09/11/economy/household-wealth-economy-stocks/index.html
Americans are wealthier than ever, unemployment rate at record lows, economy growing near 3%, inflation murdered.
China meanwhile is in long term steady decline. We’ve hit peak China.
No one uses PPP to measure relative economic strength between countries. PPP is only useful when measuring individual standard of living.
There’s no such thing as a national cost of living.
The US economy is growing over $27.5T this year. Due to Chinas currency depreciation, Chinas GDP is...