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cthulu2016

(10,960 posts)

2. You do realize why China can grow at 8.5%?

Reply to grahamhgreen (Original post)

Mon Jan 21, 2013, 02:02 PM

Jan 2013

Hint: If the USA were reduced to the level of per capita economic output of China we could also grow at 8.5%.

Another hint: If US workers made $1.00/day it wouldn't be very difficult to get that up to $1.085/day.

It is always easier to make percentage increases from a lower baseline.

USA GDP 48,000 per capita. 8th in the world. China 8,400 per capita, 94th in the world.

The scapegoating of China is tiresome. China has like a billion people who are poorer than poor Americans.... do we want to trade paces with China?

And if we don't want to trade places with China then what's the point of fretting about how China is doing so well?

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Highlight:

Bank predicts 8.5% growth in 2013 !!!!! [View all] grahamhgreen Jan 2013 OP

And yet pay 0.25% interest. NutmegYankee Jan 2013 #1

You do realize why China can grow at 8.5%? cthulu2016 Jan 2013 #2

We want our factories and jobs back. Tariffs and trade barriesrs. VAT taxes. End costly trade. grahamhgreen Jan 2013 #3

Yes, yes, yes and yes. Well said. n/t smitra Jan 2013 #4