Australia GDP is around $1 trillion with 16 million people, or $60,000 usd per person.
China GDP is around $4 trillion with 1.3 billion population, $3000 usd per person.
The average weekly monthly wage is around 175usd,where is chinas so called middle class. The price of goods in China is around 50% to 80% of the price you would pay here in Australia. In Hong Kong everyone was eating fast food, it feels weird when Mc Donalds is a day out for the average person.
I was forced to eat the rubbish because there was nowhere else to eat. Chinese cant afford expensive meals.
GDP in china needs to rise to around $20 trillion usd for there to be a true middle class in China. Therefore I think china will not catch up for a good 50 to 80yrs.
- Forums
- ASX - General
- china gdp vs inflation indicats failing state
china gdp vs inflation indicats failing state
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online