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It's meaningless to talk about poverty rate without talking about the poverty line. https://data.worldbank.org/indicator/SI.POV.NAHC?end=2020&locations=VN-CN-CH&most_recent_value_desc=false&start=2019 Switzerland's poverty rate is >3x of Vietnam's, but that doesn't mean Switzerland is poorer...

Let's take Shanghai vs Japan based on macro level statistics, because surveys might not be accurate. Shanghai's GDP per capita = $27K, labor share of GDP = 44%. Gross labor income per capita = ~$12K. Japan's GDP per capita = $34K, labor share of GDP = 60%. Gross labor income per capita =...

You understand the difference between average and median? Bill Gates and I have an average net worth of $60bil+ lmao. Stop playing dumb. I've compared median to median in my previous post, unless you're telling me you can't read simple Chinese.

Yeah, right. Another brag I'm hearing from you. Median income in Beijing, Shanghai, Shenzhen, Guangzhou in order: The median income even in the first-tier cities is not even USD1k, not to mention the whole province. In Guangzhou only ~3.3% earns >RMB15K (~USD2140). The percentage would...

200K+ HKers are living in subdivided flats. Millions of HKers are cramped in small public housing flats, which have been allocated 1.5% of HK's land. Meanwhile, 1.4% of land is allocated for fish ponds, almost the same as the amount of land allocated for public housing. 3.1% of land is...

https://www.bilibili.com/video/BV1np4y1X7hv/

Oh man, how many times do I have to repost this meme?

$26.8tril*3/1.4bil people = $57K GDP per capita. HK's GDP per capita = $52K. Lol even if the whole of China reach the GDP per capita of HK, they won't be 3x of US's GDP. And that's assuming China still has 1.4bil people by the time they reach HK's GDP per capita in today's dollars. I...

Heh, in Singapore we just tax the heck out of foreign property buyers. If they still want to go ahead, well, at least they contribute to our national coffers. https://www.todayonline.com/singapore/property-cooling-measures-absd-foreigner-tax-double-singapore-buyers-2159551

Well, it's an extremely profitable business. Apple's net profit is around USD100bil in 2022, which is more than the tax revenue of many countries. It's probably also more profitable than the entire shipbuilding industry (which @beijingwalker boasts about China's position every week or so).

Russia's demilitarization campaign in Ukraine has succeeded, just that Russia is the one getting demilitarized.

Well, the government for many years has been de-emphasising the over-importance on grades. I think we are slowly shifting away but it takes time to have a fundamental change in mindset and societal expectations. It's not just about changing the education system and our culture will shift...

Agreed. I think what is more important for schools is to imbue a culture of inquisitiveness and life-long learning to better adapt to a rapidly changing world. The world is changing rapidly, and whatever you learn in school may not be relevant for the rest of your working life. With the...

The figure you cited from Ceicdata also includes state/local government, nonprofit organizations as well financial corporate liabilities. Which is not a fair comparison because the debt picture in OP excludes the above. So it's not an apple to apple comparison...

China would be better off focusing on automation and raising the birth rate. Immigration would make very little difference to China as her population is just too large for immigration to ameliorate their demographic issue. Its workforce is shrinking >10mil per year on average, or around the...