Li Keqiang says 600 Million Chinese Citizens Earn Monthly Incomes of Just USD$140

[Mk-313]

Yes, a 22 trillion dollar economy with a 14 trillion dollar household debt.



Validity is one thing, how meaningful is completely another. Comparing apples and oranges doesn't do much.

It’s completely meaningful when you compare them in relative terms it’s apples to apples then . Relative vs absolute comparison is apples to oranges

Are you blind? Our average per capita dispensable income from that article is 30000 cny/year or 4300 usd/year. And you mean your per capita dispensable income are 50k usd??? You are kidding me? that will make your household disposable household income of 200k usd per/year, which is joke to me because live in the USA for almost a decade, and I know an assistant professor only makes around 70k usd per year after tax...

are u blind do u not read the heading of the article?
- yes I do mean it hence I posted the sour w
- then you don’t know how disposable income calculation works. Bill gates make a lot more than $50k however in these calculation he is also noted to be equal
- the way u do it is taking the entire income everyone in US earned divide it by population to get

 

[Zsari]

False, and at this time u lose the arguement when u start yapping non-seqouitor China has $37 trillion of debt vs $14 trillion i economy

so yeah I would watch before I gloat

But disposable income as cited are valid

37 trillion yuan, you need to get the unit right.

It’s completely meaningful when you compare them in relative terms it’s apples to apples then . Relative vs absolute comparison is apples to oranges

No, these number are not relative, but absolute.

 

[Mk-313]

Are you blind? Our average per capita dispensable income from that article is 30000 cny/year or 4300 usd/year. And you mean your per capita dispensable income are 50k usd??? You are kidding me? that will make your household disposable household income of 200k usd per/year, which is joke to me because I live in the USA for almost a decade, and I know an assistant professor only makes around 70k usd per year after tax...

37 trillion yuan, you need to get the unit right.



No, these number are not relative, but absolute.

$37 trillion yuan LOL. I don’t think so pal. It’s $37 trillion dollars. And instead of just coming with stuff from hot air just search some stuff

https://www.google.com/amp/s/amp.sc...ina-debt-how-big-it-who-owns-it-and-what-next

now before this devils into but it’s not this debt or that. The conversation is about disposable income and when u could t digest that it was $50k/person for US you did what most of u Chinese do here. Went for attacking something completely irrelbant to the topics . “Yeah but they have this debt”

37 trillion yuan, you need to get the unit right.



No, these number are not relative, but absolute.

Relativism is when u compare the same numbers from China vs the same numbers to US. If the calculation done to get those numbers are the same meaning a constant is there how do these numbers would compare to China

now as I said obviously if u take homeless/benefits people out the income skyrockets and people in US will have the same arguement the way ur having about rural that’s why we do statistics to keep the equation same and measure in relative terms with other countries s

 

[Kai Liu]

It’s completely meaningful when you compare them in relative terms it’s apples to apples then . Relative vs absolute comparison is apples to oranges



are u blind do u not read the heading of the article?
- yes I do mean it hence I posted the sour w
- then you don’t know how disposable income calculation works. Bill gates make a lot more than $50k however in these calculation he is also noted to be equal
- the way u do it is taking the entire income everyone in US earned divide it by population to get

You are not just blind, but also retard:
Read the article again:

This article only shows we have a wide income disparity..
And what Bill Gates??? We also has Jack Ma, etc, what the difference they make?
Even your professor only makes 70K per year, who are well above your average... Your 50k per capita which including those who do not work, e.g., your kids, is just B.S.

 

[Mk-313]

You are not just blind, but also retard:
Read the article again:
View attachment 644807
This article only shows we have a wide income disparity..
And what Bill Gates??? We also has Jack Ma, etc, what the difference they make?
Even your professor only makes 70K per year, who are well above your average... Your 50k per capita is just B.S.

Dude you’re an idiot
- the fucking article said for 600 million its $140 so based on that and on talking about the article it would come to $1600/year for them
- you dipshit I am telling u how this statistics is calculated. But u retard *** with ur small mentality went for “but we got jack ma” . The point was gates earned a lot more but for this calculation he is also assumed to be making $50k
- it’s simple if for example the entire US earned $100 in income and US population is 10 . Then average disposable income is $10

God I thought Asians were smarter but here full of idiots

 

[Kai Liu]

Dude you’re an idiot
- the fucking article said for 600 million its $140 so based on that and on talking about the article it would come to $1600/year for them
- you dipshit I am telling u how this statistics is calculated. But u retard *** with ur small mentality went for “but we got jack ma” .
- it’s simple if for example the entire US earned $100 in income and US population is 10 . Then average disposable income is $10

You moron know how to calculate an 'AVERAGE'??? What the '600 million' to do with an 'AVERAGE'??

 

[Mk-313]

You moron know how to calculate an 'AVERAGE'??? What the '600 million' to do with an 'AVERAGE'??

cuz if ur stupid *** has read the entire thread and the person to which I answered to previously said if it’s $140 for them then the entire US is negative. That’s where the context might help an idiot like u

Hence I talked about the disposable income for the US because that was the notion in question

But holy shit did I tussled with a context less idito

 

[Kai Liu]

$37 trillion yuan LOL. I don’t think so pal. It’s $37 trillion dollars. And instead of just coming with stuff from hot air just search some stuff

https://www.google.com/amp/s/amp.sc...ina-debt-how-big-it-who-owns-it-and-what-next

Most of our debt are internal debt, unlike yours, borrowed from everywhere...

 

[Mk-313]

Most of our debt are internal debt, unlike yours, borrowed from everywhere...

Yeah because the world wants dollars instead That’s why they buy it. Tell me when anyone wants renminbi

- but again my point is made when u propel lose in an arguement ur next best instinct is to derail that convo and attack something. Else god how insecure do u have to be

 

[Kai Liu]

cuz if ur stupid *** has read the entire thread and the person to which I answered to previously said if it’s $140 for them then the entire US is negative. That’s where the context might help an idiot like u

He is right, you dumbazz does borrowed more from other countries than you have produced.

 

[Zsari]

$37 trillion yuan LOL. I don’t think so pal. It’s $37 trillion dollars. And instead of just coming with stuff from hot air just search some stuff

https://www.google.com/amp/s/amp.sc...ina-debt-how-big-it-who-owns-it-and-what-next

now before this devils into but it’s not this debt or that. The conversation is about disposable income and when u could t digest that it was $50k/person for US you did what most of u Chinese do here. Went for attacking something completely irrelbant to the topics . “Yeah but they have this debt”



Relativism is when u compare the same numbers from China vs the same numbers to US. If the calculation done to get those numbers are the same meaning a constant is there how do these numbers would compare to China

now as I said obviously if u take homeless/benefits people out the income skyrockets and people in US will have the same arguement so that’s why we do statistics to keep the equation same and measure in relative terms with other countries s

You don't know the difference between total debt and household debt? Total US debt is over 400% of its GDP. Chinese household debt is 55% of GDP, while US is at 75%.

https://tradingeconomics.com/china/households-debt-to-gdp
https://tradingeconomics.com/united-states/households-debt-to-gdp

How is it relativism when the cost of living is vastly different between the two countries? Furthermore, the article is about the low income Chinese population, which is not a comparison with the US in the first place, but rather the cost of living between urban and rural China is as vastly different as that between the two countries. As such it is a poor indicator of the living standard of these low income population.

 

[Mk-313]

He is right, you dumbazz does borrowed more from other countries than you have produced.

sigh....

you’re dumbass borrowed from itself 3X than what u produced
And how dumb was it to kee gdp number u kept borrowing to make huge buildings which are now ghost

Again just the talk was of disposable income. But ur idiot *** would naturally go to start attacking and trust me I haven’t begun if I want to naked strip an idiot like u

You don't know the difference between total debt and household debt? Total US debt is over 400% of its GDP. Chinese household debt is 55% of GDP, while US is at 75%.

https://tradingeconomics.com/china/households-debt-to-gdp
https://tradingeconomics.com/united-states/households-debt-to-gdp

How is it relativism when the cost of living is vastly different between the two countries? Furthermore, the article is about the low income Chinese population, which is not a comparison with the US in the first place, but rather the cost of living between urban and rural China is as vastly different as that between the two countries. As such it is a poor indicator of the living standard of these low income population.

read the thread the answer was to someone who pitted this population to the entire US population claiming the entire US population is negative

 

[Mk-313]

You don't know the difference between total debt and household debt? Total US debt is over 400% of its GDP. Chinese household debt is 55% of GDP, while US is at 75%.

https://tradingeconomics.com/china/households-debt-to-gdp
https://tradingeconomics.com/united-states/households-debt-to-gdp

How is it relativism when the cost of living is vastly different between the two countries? Furthermore, the article is about the low income Chinese population, which is not a comparison with the US in the first place, but rather the cost of living between urban and rural China is as vastly different as that between the two countries. As such it is a poor indicator of the living standard of these low income population.

Did I just not tell u that is was gona get into but it’s this debt and that debt. That’s a long conversation to have. But also showed ur predictability .

the point was the convo derailed from disposable income to debt and I layed a punch at ur debt saying this is ur debt then I also told ur instinct is then gona be but this is this debt and that debt

 

[Mk-313]

You don't know the difference between total debt and household debt? Total US debt is over 400% of its GDP. Chinese household debt is 55% of GDP, while US is at 75%.
https://tradingeconomics.com/china/households-debt-to-gdp
https://tradingeconomics.com/united-states/households-debt-to-gdp

How is it relativism when the cost of living is vastly different between the two countries? Furthermore, the article is about the low income Chinese population, which is not a comparison with the US in the first place, but rather the cost of living between urban and rural China is as vastly different as that between the two countries. As such it is a poor indicator of the living standard of these low income population.

Also the debt if u wana compare ur corporate debt 160% of gdp while US is 45% of the gdp. That’s why I knew u were gona go into this debt and that because I said when u ppl lose an arguement u look for something irrelevant to attack u immediately search household but apparently got blind on ur corporate debt

so these back and forth on debt is a whole new thread

 

[Kai Liu]

It’s completely meaningful when you compare them in relative terms it’s apples to apples then . Relative vs absolute comparison is apples to oranges



are u blind do u not read the heading of the article?
- yes I do mean it hence I posted the sour w
- then you don’t know how disposable income calculation works. Bill gates make a lot more than $50k however in these calculation he is also noted to be equal
- the way u do it is taking the entire income everyone in US earned divide it by population to get

'Borrowing' from ourselves is like put our money from left pocket to the right pocket, but you borrow from others, you have to pay.
No matter how much we earn, 100 or 1 million, the real value is 100 times more than you, e.g. if you want to get your brain examined in your hospital, which is badly needed as I can tell, you become bankrupted ...