China's Economy Is Already More Than 25 Percent Larger Than the U.S. Economy
Dean Baker | Co-director of the Center for Economic and Policy Research in Washington, D.C
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Even Dean Baker makes a mistake, the Chinese population may earn less, but their outgoings are less too, and they have far less debt.
ReplyDeleteIn the US and Europe, wages are higher, but the money goes in one hand and out the other when repaying loans. The elite pay us and then take it off us again.