While there can be no doubt of China’s DNA as the "ultimate producer," there is no guarantee that Chinese policymakers grasp the DNA of consumerism.
America’s GDP is NOT a reflection of its “production”, instead it’s a reflection of “COST of LIVING” with highly inflated cost especially on medical and housing.
Suggest PPP is a better and a more realistic comparison.
America’s GDP is NOT a reflection of its “production”, instead it’s a reflection of “COST of LIVING” with highly inflated cost especially on medical and housing.
Suggest PPP is a better and a more realistic comparison.