Message from @unit
Discord ID: 522485939747160075
but they're not
shenzhen today is very similar to LA in terms of wealth
30 years ago it was a poor village
do you realize this trend?
No matter if they should have been doing better, since they're surpassing the US anyways.
How so?
with a 1.2 billion population
they're not the largest economy
it'll take a few decades
you used GNI to demonstrate the country isnt surpassing the US, when obviously the relevant indicators would have to be GDP PPP
to the conversation
Yes GDP PPP PER CAPITA = GNI PPP
per capita
You can check it for your selves
but that only shows how rich individuals are getting, which is a bit misleading since coastal areas and rural areas are night and day. the point is production and economic activity
Yes the average wealth of citizens
it isn't good if it is 14K
it doesn't matter about the "rural" or "costal"
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ depends
it's not just rich individuals it's median income
... I've never understood how all these nations that fight with each other in these ways still accept plane loads of each other's "tourists" & whatnot? .. it's like if I accepted people into my house & all they wanted to do was piss & moan about my house & the way I do things, but they spend money or buy things from me so I tolerate them or something like that? 🤔
you are nitpicking wealth of citizens specifically, i already told you we're talking about economic activity
and how much the country *as a whole* is producing
Yes
thats not a big deal since their citizens are at third world standards
not individually, if you want to compare that you should probably do city by city
No you should do it by PER capita
GDP PPP
having wealth in the cities isn't a big deal
since most of their citizens are doing bad
@unit well does every tourist that goes to china share the same opinion of trump?
you're not measuring the richest person you're measuring the overall average income
but that's irrelevant to the conversation dude
But what is your point
we were talking about how well the economy as a whole is doing, how much it's producing and how much revenew it's making. people in china still earn significantly less than the US on average OBVIOUSLY
Also tourism is good for the economy, why wouldn't they want that @unit
Yes but you're forgetting the basic economic system is put into place to help the citizens
it clearly isn't
but if you want to look at the whole economy
GDP wise