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Old 07-09-2007   #21 (permalink)
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Smile Re: Why are 'things' from China so cheap?

Quote:
Originally Posted by Boerseun View Post
Ironical, too, is that even with China's economy growing like a monkey on 'roids, the Chinese economy must be five to six times that of the US' economy for it to be the same as the US per capita, simply because there's one hell of a lot of people in China!

So, don't let the reports confuse you. For a long time yet, China will be a country of poor people, regardless of it's GDP being bigger than the US.
Still a while to go eg:-
#1 United States: $11,667,515,000,000.00
#2 Japan: $4,623,398,000,000.00
#3 Germany: $2,714,418,000,000.00
#4 United Kingdom: $2,140,898,000,000.00
#5 France: $2,002,582,000,000.00
#6 Italy: $1,672,302,000,000.00
#7 China: $1,649,329,000,000.00
#8 Spain: $991,442,000,000.00
#9 Canada: $979,764,000,000.00
#10 India: $691,876,000,000.00
#11 Korea, South: $679,674,000,000.00

China has only just caught up with USA pollution levels
NationMaster - Statistics > GDP > Nominal by country

Quote:
• China’s GDP equals that of California, Oregon, Washington State and Nevada – oh, and Alaska and Hawaii
135 - Update On the GDP Map of the USA « strange maps

Quote:
The wealth gap in China between its urban and rural citizens is now one of the largest in the world. Farmers pay their own health care and education costs, meaning their real incomes are a sixth of China’s urban residents. Democracy remains the last priority for the Chinese Government.

Some believe that China’s continuing focus on economic reform, without a democratic system
. . . .
Democracy is not a concept inherent in Chinese culture or political philosophy.
The goal of 'democracy with Chinese characteristics' - On Line Opinion - 5/7/2007


----------------
"Unemployment is capitalism's way of getting you to plant a garden."
~Orson Scott Card

Last edited by Michaelangelica; 07-09-2007 at 03:33 AM..
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