Chinese Economics Thread

[BlackWindMnt]

You can't compare a huge country like China to a small one like Italy. China has about the same average wealth as Europe. I'd guess that the average person in Shanghai and Guangdong is almost certainly wealthier than the average German and maybe even wealthier than the Italians.

But if i look at the Netherland number($146k?) we don't really use that we have our own metric named for public information called "Jan Modaal" a fictitious citizen that represents the modal income which in 2022 is set at $38~40k.

But that doesn't even paint a good picture because in a tier 3 level city you can life as a king but in a tier 1 city we called that the Randstad, a cluster of big cities it's just enough to live a good life.

 

[AssassinsMace]

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First they accuse China of keeping the yuan low against the dollar to keep its products cheaper overseas cheating the world on trade. Now they spin it's low because that's a sign of how China's economy is out of Beijing's control.

 

[pipaster]

Just another sign of the industrialization happening in China.

 

[Nobo]

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I thought the headline they were aiming for was

Xi is under house arrest in unfinished apartment

 

[Dolcevita]

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I thought the headline they were aiming for was

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[sunnymaxi]

https://twitter.com/i/web/status/1573673062750470144

 

[sunnymaxi]

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China is about to hit $1 trillion trade surplus this year. never seen before in history. insaneeeeeeeeeeee

China climbing up the high value supply chain. with each passing year, China exporting more and more high end industrial products. so this is just the beginning.

 

[siegecrossbow]

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China is about to hit $1 trillion trade surplus this year. never seen before in history. insaneeeeeeeeeeee

China climbing up the high value supply chain. with each passing year, China exporting more and more high end industrial products. so this is just the beginning.

Money ain't what it used to be worth though.

 

[ThatNiceType055]

China‘s electricity capacity exceeds G7 total​

China now has the world's largest electricity system with an installed power generation capacity of 2.47 billion kilowatts. The gauge exceeds the total installed capacity of all G7 countries.

 

[Overbom]

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China is about to hit $1 trillion trade surplus this year. never seen before in history. insaneeeeeeeeeeee

China climbing up the high value supply chain. with each passing year, China exporting more and more high end industrial products. so this is just the beginning.

Money ain't what it used to be worth though.

Dollars are fake money, so you are right