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.
