27-09-2021, 02:36 PM
(26-09-2021, 09:36 PM)sgbuffett Wrote:More than 850 million Chinese were lifted out of poverty. So that left with 550 million people out of 1.4 million. These figures assume all 1.4 million Chinese were below the poverty line before the 850 million Chinese were lifted out of poverty. This is highly unlikely.
So the figure of 900 million is confusing or a different yardstick is applied.
Anyway, China GDP measured using Purchasing Power Parity (PPP) already exceeds that of the US. This really matters as the Chinese have more purchasing power than their US counterpart.