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October 31, 2007 at 5:54 PM #94007October 31, 2007 at 8:20 PM #94014KIBUParticipant
CIA World Facts:
China’s PPP = $7,800 (2006 est.)
US’s PPP =$43,800 (2006 est.)
Not even close.
If you choose to look at the cities in China and delude yourselve about a China grandeur comming soon, I would say not that easy.
October 31, 2007 at 8:20 PM #94051KIBUParticipantCIA World Facts:
China’s PPP = $7,800 (2006 est.)
US’s PPP =$43,800 (2006 est.)
Not even close.
If you choose to look at the cities in China and delude yourselve about a China grandeur comming soon, I would say not that easy.
October 31, 2007 at 8:20 PM #94059KIBUParticipantCIA World Facts:
China’s PPP = $7,800 (2006 est.)
US’s PPP =$43,800 (2006 est.)
Not even close.
If you choose to look at the cities in China and delude yourselve about a China grandeur comming soon, I would say not that easy.
November 1, 2007 at 10:35 AM #94176SHILOHParticipantI wonder when the surge in urban wealth occurred and where did all the money come from….
also – taxes provide significant $ to expand an economic infrastructure beyond urban centers —
my question would be what % of the population is *enjoying*
the wealth – and what % is the rural poor and specifically –
do the poor have access to contemporary education.November 1, 2007 at 10:35 AM #94212SHILOHParticipantI wonder when the surge in urban wealth occurred and where did all the money come from….
also – taxes provide significant $ to expand an economic infrastructure beyond urban centers —
my question would be what % of the population is *enjoying*
the wealth – and what % is the rural poor and specifically –
do the poor have access to contemporary education.November 1, 2007 at 10:35 AM #94221SHILOHParticipantI wonder when the surge in urban wealth occurred and where did all the money come from….
also – taxes provide significant $ to expand an economic infrastructure beyond urban centers —
my question would be what % of the population is *enjoying*
the wealth – and what % is the rural poor and specifically –
do the poor have access to contemporary education.November 1, 2007 at 11:16 AM #94206patientlywaitingParticipantComparing per capita purchasing power is not useful. The sheer population of China makes it possible that China eventually surpasses America in every way (number of consumers, engineers, doctors, scientists, etc..)
There are two countries within China — the rural poor that earn $100/month and the urban rich with purchasing power that rivals America. The urban class is swelling to match the population of the US.
Look at Macao. It has surpassed Las Vegas in revenue in the last 5 years with all the major American casinos represented there. That’s testament to the Chinese’s purchasing power.
November 1, 2007 at 11:16 AM #94243patientlywaitingParticipantComparing per capita purchasing power is not useful. The sheer population of China makes it possible that China eventually surpasses America in every way (number of consumers, engineers, doctors, scientists, etc..)
There are two countries within China — the rural poor that earn $100/month and the urban rich with purchasing power that rivals America. The urban class is swelling to match the population of the US.
Look at Macao. It has surpassed Las Vegas in revenue in the last 5 years with all the major American casinos represented there. That’s testament to the Chinese’s purchasing power.
November 1, 2007 at 11:16 AM #94251patientlywaitingParticipantComparing per capita purchasing power is not useful. The sheer population of China makes it possible that China eventually surpasses America in every way (number of consumers, engineers, doctors, scientists, etc..)
There are two countries within China — the rural poor that earn $100/month and the urban rich with purchasing power that rivals America. The urban class is swelling to match the population of the US.
Look at Macao. It has surpassed Las Vegas in revenue in the last 5 years with all the major American casinos represented there. That’s testament to the Chinese’s purchasing power.
November 1, 2007 at 8:19 PM #94452KIBUParticipantIf “sheer population” is the case, we would see the rich and most advanced countries being most populous. The reverse is often true.
Population is an advantage but it has shown to be a much less important factor in associating with more advanced or civilized societies. The sheer number of “engineeer”, “doctor”….etc doesn’t mean that:
1. The level of qualification is competitive (you can read more here: http://www.washingtonpost.com/wp-dyn/content/article/2006/05/19/AR2006051901760.html
2. The educated are provided an environment where they can thrive to the max of their ability.
3. etc….
Don’t get me wrong, I am asian, so I don’t do asia bashing. But I think the reality is that China still has a huge gap to fill. The possibility of not being able to catch up is huge.
Lastly, I would not be proud of anything that has to do with Macau. If you go to Las Vegas or other California Casinos, you see too many asians. They worked their butts off and donate money to the casinos…..That, I would say F’ck, the asians are the most stupid.
November 1, 2007 at 8:19 PM #94488KIBUParticipantIf “sheer population” is the case, we would see the rich and most advanced countries being most populous. The reverse is often true.
Population is an advantage but it has shown to be a much less important factor in associating with more advanced or civilized societies. The sheer number of “engineeer”, “doctor”….etc doesn’t mean that:
1. The level of qualification is competitive (you can read more here: http://www.washingtonpost.com/wp-dyn/content/article/2006/05/19/AR2006051901760.html
2. The educated are provided an environment where they can thrive to the max of their ability.
3. etc….
Don’t get me wrong, I am asian, so I don’t do asia bashing. But I think the reality is that China still has a huge gap to fill. The possibility of not being able to catch up is huge.
Lastly, I would not be proud of anything that has to do with Macau. If you go to Las Vegas or other California Casinos, you see too many asians. They worked their butts off and donate money to the casinos…..That, I would say F’ck, the asians are the most stupid.
November 1, 2007 at 8:19 PM #94496KIBUParticipantIf “sheer population” is the case, we would see the rich and most advanced countries being most populous. The reverse is often true.
Population is an advantage but it has shown to be a much less important factor in associating with more advanced or civilized societies. The sheer number of “engineeer”, “doctor”….etc doesn’t mean that:
1. The level of qualification is competitive (you can read more here: http://www.washingtonpost.com/wp-dyn/content/article/2006/05/19/AR2006051901760.html
2. The educated are provided an environment where they can thrive to the max of their ability.
3. etc….
Don’t get me wrong, I am asian, so I don’t do asia bashing. But I think the reality is that China still has a huge gap to fill. The possibility of not being able to catch up is huge.
Lastly, I would not be proud of anything that has to do with Macau. If you go to Las Vegas or other California Casinos, you see too many asians. They worked their butts off and donate money to the casinos…..That, I would say F’ck, the asians are the most stupid.
November 6, 2007 at 12:52 PM #96294patientlywaitingParticipantSo China has the first trillion dollar company.
http://money.cnn.com/2007/11/05/news/international/bc.as.fin.china.petrochina.ap/index.htm
China starting to have the biggest of everything (dam, building, university, etc..), just like America did a century ago.
We need to worry when China gets to become the biggest consumer market. We are still some ways from that but it’s not a question of if but when.
They already have the biggest cell phone market and soon to have the biggest computer market. Eventually, we’ll have to follow their standards.
Remember San Diego’s Gateway Computers? It’s now Acer of Taiwan/China.
November 6, 2007 at 12:52 PM #96357patientlywaitingParticipantSo China has the first trillion dollar company.
http://money.cnn.com/2007/11/05/news/international/bc.as.fin.china.petrochina.ap/index.htm
China starting to have the biggest of everything (dam, building, university, etc..), just like America did a century ago.
We need to worry when China gets to become the biggest consumer market. We are still some ways from that but it’s not a question of if but when.
They already have the biggest cell phone market and soon to have the biggest computer market. Eventually, we’ll have to follow their standards.
Remember San Diego’s Gateway Computers? It’s now Acer of Taiwan/China.
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