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| Name | GDP, PPP, and China's consumer spending problem: Chinese households already have a lot of stuff |
| Video Uploader | Video From Inside China Business |
| Upload Date | This Video Uploaded At 05-05-2024 14:30:34 |
| Video Discription | Mainstream economists, along with most governments, have a simple solution to reduce China's export sector: get Chinese households to spend more, thereby spurring domestic markets for Chinese factories. But the conventional wisdom suffers from a fatal flaw, which becomes clear when observing China's Purchasing Power Parity, or PPP. China's economy is by far the biggest in the world when measured by PPP, and means that Chinese consumers are able to easily cover high levels of discretionary spending, while still maintaining the world's highest savings rate. Resources and links: Visual capitalist, Visualizing the 105 trillion dollar world economy in one chart https://www.visualcapitalist.com/visualizing-the-105-trillion-world-economy-in-one-chart/ CIA Factbook, Real GDP by Purchasing Power Parity, country comparison https://www.cia.gov/the-world-factbook/field/real-gdp-purchasing-power-parity/country-comparison/ Reuters, Yellen faces tough road on China's vast overproduction problem https://www.reuters.com/business/energy/yellen-faces-tough-road-chinas-excess-capacity-problem-2024-04-04/ Cost of living in New York City: https://www.nytimes.com/2023/05/01/nyregion/you-need-100000-a-year-just-to-get-by-here.html https://www.bloomberg.com/news/articles/2023-03-15/new-york-city-prices-make-100-000-salary-feel-like-35-000 https://time.com/6263989/six-figures-inflation-income/ |
| Category | Science & Technology |
| Tags | Science & Technology Download MP4 | Science & Technology Download MP3 | Science & Technology Download MP4 360p | Science & Technology Download MP4 480p | Science & Technology Download MP4 720p | Science & Technology Download MP4 1080p |
