Comments by "D W" (@DW-op7ly) on "GDP, PPP, and China's consumer spending problem: Chinese households already have a lot of stuff" video.

  1. Chinese produce more than they consume The Americans consume more than they produce That has been the case for decades upon decades America today? just wants to call it overproduction The average Chinese spends… just not to the point they are broke and in debt like the average American I remember 2 decades ago the argument was the Chinese were not spending enough to save the world economy I argued they just have to spend enough to save their own economy 👇 Project Syndicate The value of global China China faces important questions about whether and to what extent it should continue to pursue opening up its economy to the rest of the world, write Jonathan Woetzel and Jeongmin Seong in Project Syndicate. In any case, China and the world face important questions about the trajectory of their mutual engagement. At stake, according to our simulation, may be some $22-37 trillion in economic value – or 15-26% of world GDP – by 2040. McKinsey
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