'Inside China Business' should be a must watch site for those wanting the real analysis of economic developments around the world. Kevin based his facts on real research culled from reliable sources, not just propaganda pieces trotted out as clickbait to lure the unwary.
GDP is a measure of all the goods and services that a country produces but does not differentiate between the relative value of those goods and services inside USA and China. For example, a visitor, staying at a 5-star hotel in USA pays about four times what he pays staying in a similar class hotel in China. A car in USA costs several times what a Chinese pays for a similar or even better car in China. Calling an ambulance in USA costs upwards of US$500 to US$3,500, while it is US$7.70 for the first 3 kilometers, with an additional US$1.00 (7.70 Yuan) for each additional kilometer distance in China, where hospitals are usually within easy reach. The cost of visiting a doctor is also dirt cheap, fast and convenient compared to the USA.
A USA citizen earning US$100,000 a year has difficulty making ends meet, while a Chinese earning a quarter or less of that lives a very comfortable life in China, with everything cheaper by the dozen - utilities, groceries, transport, healthcare and housing.
Therefore, looking at the inflated costs of all the goods and services adding up to arrive at the USA GDP, many things are contributing to the ballooning GDP reported by the USA. Figure that out using a little bit of imagination.
Anonymous
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USA per capita GDP is so high, almost 7 times that of China, yet so many are homeless, so many living from paycheck to paycheck, so many having to depend on two jobs to make ends meet to pay rent and put food on the table. And China, on the other hand, managed to lift more than 800 million out of poverty, almost double the total population of the USA and some to spare. How is that for comparison? This is a democratic system that is tailored-made for the top 1%, by the 1% and all for the 1%. Can this be sustainable is about to be discovered.
With companies like Harley Davison, John Deere, Ford and now Amazon and Walmart investing more overseas and cutting jobs in the USA, the situation is getting more dire for Trump by the day. Yet the lying never stops, the gaslighting continues, the hole digging gets bigger, and the USA is falling into the big, beautiful hole that Trump dug for them.
I think the USA destruction is now a reality show, with Trump getting a second bite of the cherry this time, what he failed to do during his previous term. Prophecies cannot be avoided it seems, and Trump is the anti-Christ sent to do the job.
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