This is all you need to know about McCain..

[UT IE 95]

China is a very long way from reversing the situation. They will some day, but not until their absolutely broke population can absorb a tremendous portion of the goods they are producing.

But they could have the population of the US as wealthy consumers, and still have a billion poor people to cheaply and willingly produce the goods.

 

[BigPapaVol]

But they could have the population of the US as wealthy consumers, and still have a billion poor people to cheaply and willingly produce the goods.

but communism just doesn't work that way.

 

[vol_in_ar]

but communism just doesn't work that way.

it only works if you keep everyone poor

 

[UT IE 95]

but communism just doesn't work that way.

it only works if you keep everyone poor

They forgot to tell Zhang Yin that.

 

[droski]

the supposed burgining middle class in china averages $2k a year in income. they have a long way to go before they catch up to the US

 

[UT IE 95]

the supposed burgining middle class in china averages $2k a year in income. they have a long way to go before they catch up to the US

You've posted this a couple of times. What's your source?

Isn't the average middle class income level is around $14K USD.

 

[MG1968]

You've posted this a couple of times. What's your source?

Isn't the average middle class income level is around $14K USD.

even at 14K/year, they have a long way to go unless the cost of living in China is the same as it was in the US in the mid-70's.

 

[UT IE 95]

even at 14K/year, they have a long way to go unless the cost of living in China is the same as it was in the US in the mid-70's.

It is extremely low.

I should add, it is low for national staple items.

 

[BigPapaVol]

It is extremely low.

depends on what you call living.

 

[droski]

China - China Quick Facts

In 1985 average income in China was $293; in 2006 the average income is $2,025

 

[UT IE 95]

depends on what you call living.

There's a wide range - like here. You really can't compare the cost of living between Carmel, CA and Jonesboro, AR.

 

[UT IE 95]

China - China Quick Facts

In 1985 average income in China was $293; in 2006 the average income is $2,025

Interesting. Some other sites have varied data. I guess that's the way the commies want it.

 

[droski]

i used to do studies for developments in china. no one ever used the govt's stats because they were all bs.