Wealth of Chinese Provinces Rival Developed Countries

Guangzhou night skyline

From NetEase:

Wealth of Many Chinese Provinces Could Rival Countries: GDP of Henan Province Ranks No.5 in China, No.24 in the World

There has been a saying: if California were a country instead of a state in the US, it would be the 8th largest economy in the world. Nowadays, if the GDP of Chinese provinces in recent years were compared to other countries in the world, you’ll find that the wealth of many Chinese provinces can also rival those of a country.

This China Business News journalist recently compared the GDP of China’s various provinces in 2012 with that of other countries in the same period, and found that Henan province, which is ranked 5th in China, ranks 24th in the world, while Guangdong, which is ranked 1st in China and whose GDP is predicted to top 1 trillion dollars for the first time in 2013, takes 16th place worldwide.

Don’t rush to be optimistic: behind the inspiring numbers still lies a current situation of a developing model in urgent need of changes. Many experts interviewed by this newspaper’s journalist expressed that though the overall amount of economic output has risen, the quality and effectiveness of economic growth both still need improvement.

Where large Chinese provinces fit in the world

Many of China’s major provincial economies can also also occupy important roles in the world.

According to 2012 GDP rankings, the top 5 provinces in our country are Guangdong, Jiangsu, Shandong, Zhejiang and Henan. If placed on the global chart, the rankings of the above-mentioned provinces would roughly be No.16, No.17, No.19, No.24 and No.28.

Guangdong’s Development and Reform Commission recently announced that it estimates an 8.5% increase for the 2013 GDP of Guangdong, making Guangdong the first province in China to exceed a GDP of 6 trillion yuan, namely 1 trillion USD.

However, there were already signs of this kind of “rivaling a country” situation long ago. The GDP of Guangdong, Jiangsu, Shandong and some other provinces had already surpassed that of some developed countries in 2009. Even the GDP of Tianjin, which ranked 10th in China that year, exceeded the 4 countries of Slovak, Luxemburg, Slovenia and Iceland.

Many people have noticed the special situation in China, especially businessmen. An entrepreneur wrote in his blog, early in 1997 he began noticing that the population and economy of many Chinese provinces surpassed that of other Asian, African and Middle Eastern countries. In his opinion, when operating in the Chinese market, every Chinese province should be treated as seriously as an independent country.

However, can Chinese provinces truly rival countries? Multiple experts interviewed by this China Business News journalist all say that in addition to factoring in exchange rates, the difference in GDP per capita between Chinese provinces and the world cannot be ignored. Furthermore, China’s current industrial is remains not ideal, with the task of transforming the economic developing model imminent.

A developing model without negative after-effects

“The total amount has gone up, but it only looks good,” says Chen Hongyu, government counselor of Guangdong province, to this paper.

“There exist a lot of flaws in our current development model, giving rise to lots of problems. For example, excess capacity, local government debt, environmental problems, and so on.” Chen Hongyu is blunt: the top 5 provinces should suffer from a considerable amount of local debt, and how they can smoothly transform into a development model without negative after-effects is extremely crucial. Among the 5 provinces, the problems each faces are not quite the same, either.

Chen Hongyu says, northern and central provinces represented by Shandong and Henan enjoy an abundance of mineral resources and relatively developed infrastructure, while Guangdong, Jiangsu, Zhejiang and other coastal provinces depend more on foreign investment. There is also one thing in common between Guangdong and Jiangsu: imbalanced regional development. “The key is to carry out innovation and change according to the advantages and disadvantages of each province instead of simply comparing GDP.”

Chinese Academy of Social Sciences industrial and regional economy expert Chen Yao says to this China Business News journalist that the 5 provinces are still manufacturing provinces in general, the proportion of second industry all 45% or above, mainly relying on high inputs and large industrial projects to boost their economic growth, and have only just started transforming towards a service industry in recent years.

To compare Guangdong and South Korea as an example, both of which have a similar amount of GDP, the permanent residents in Guangdong in 2012 was 105 million, almost two times that of South Korea, so the gap is still quite distinct when it comes to GDP per capita. In 2012 the GDP per capita in Guangdong was 8931 USD, while in South Korea it was 22590 USD.

From the perspective of stage of economic development, Guangdong lies in the late stages of industrialization while South Korea has stepped into a post-industrial society. In the opinion of Chen Yao, what’s most salient about South Korea is its industrial competitiveness generated by innovation. South Korea has some worldwide renowned large companies, sufficient internal impetus and high competitiveness in the global market, which is precisely what China lacks.

Comments on NetEase:

指那拆那:

So long as [the problems of] “cannot afford to live” and “cannot afford to fall ill” are not solved, no matter how high the GDP is, it’s just bullshit!

我用脚投票:

When our GDP reaches World No.1, will the elderly living in wells then be able to live above ground? Will our children then be able to take school buses as good as those in Macedonia? Afford to buy alarm clocks so they don’t need to get up in the middle of the night to walk to school?

网易河北省邢台市网友:

What a joke! If we’re so obscenely rich, why do people still need to live under manhole covers!

特殊网友管理局局长:

Dare you calculate [GDP] per capita? Shameless!

改过迁善:

The price of one Beijing, Shanghai, or Guangzhou apartment of yours with 70-year property rights is equal to 5 villas [single-family houses] with permanent property rights in the US, and this is your so-called “rivaling a country”!

Comments on Sina:

手机用户[上海]:

No.1 in the world for number of corrupt officials.

手机用户[陕西西安]:

Then what rank is the people’s quality of life?

手机用户[河南郑州]:

Who’s been made rich? The ordinary common people all know clearly in their hearts! You can imagine what a state/government that has lost the heart of the people will look like.

手机用户[黑龙江哈尔滨]:

Basically boosted by the appreciation of real estate.

手机用户[河南洛阳]:

Are the incomes of the people ranked the same?

中国木材网-木材行业权威网站 [广东东莞]:

Am I allowed to say something? In China, GDP is absolutely nothing!!

明前老茶[江苏连云港]:

What’s behind this “GDP rivaling a country”? 1. Who knows how much of it was fabricated by local officials?! 2. Even if it is true, have the people’s lives actually enjoyed happiness?!

手机用户[上海]:

The officials live better than their western counterparts, the people live worse than Africans!

天羽成焰_1ue[广西百色]:

The Chinese [always] make irresponsible remarks – you know what kind of life the Africans lead?

手机用户[陕西西安]:

Worse than Africans? Don’t speak without thinking. Even slandering should have its limit. Go live two years in any African country except South Africa and [China] becomes heaven when you come back. Or visit neighboring Nepal and you’ll instantly become a local tycoon. The moment we talk about per capita, you compare with Europe and the US; The moment we talk about income, you compare to housing prices in Beijing, Shanghai and Guangzhou, as if you all lived there, as if there were only Europe and the US besides China. Nonsense.

手机用户[广东深圳]:

The country’s rich, the officials are rich, the businessmen are rich, only the people are not. What’s the point of continuing to develop?

Help us maintain a vibrant and dynamic discussion section that is accessible and enjoyable to the majority of our readers. Please review our Comment Policy »
  • linette lee

    i sofa.

  • Free Man

    If everything is shit you have to point out the good things or go insane.

    • YourSupremeCommander

      Looking at the aftermath of your own bowel movement in the toilet, what is ONE good thing that you can point out?

      • Free Man

        Its organic and free of toxic waste.

        Or to quote one of my favourite songs: my shit stinks much better than yours.

      • Surfeit

        It all came out in one! Look at that! It’s leaning up the side like a baby’s arm!

      • Surfeit

        Whoa! That’s a new stench!

      • Surfeit

        I wonder if I weigh myself, would the mass of that be offset?

      • Surfeit

        Phew!… solid.

      • Surfeit

        Hey look, it’s the same shade as grandma’s curtains.

      • Surfeit

        That was a doozer. Ah well, finished that Kafka short story.

        • mr.wiener

          Your comments are crap.

      • Germandude

        You can always proudly announce that you didn’t miss the toilet?!

      • firebert5

        At least it’s not inside me anymore.

  • Alan Dale Brown

    Of course, GDP per capita matters more. I saw a list on Wikipedia; I was surprised that the area with the highest GDP per capita was not Shanghai or Beijing, but Tianjin, at $14,750 US nominal GDP per capita, or $22,242 US Purchasing Power Parity GDP per capita. That’s not so bad.

  • xuedi

    Chinas problem is not the wealth, but the distribution of it … (growing wealth)

  • moeimoei

    90% or is it 99% of the wealth is probably in control of 10% of the population or even less…

    • Cauffiel

      I think you accidentally said something very poignant…. wealth is in control of many of its holders instead of the other way around.

  • Surfeit

    More money than Iceland… LOL!

  • Stefan Xu

    Comparing total GDP is useful when comparing the sizes of economies across countries. However when comparing how much the average EVERY person has then GDP per capita in purchasing power parity should used. This is when prices is corrected according to exchange rates and cost of living.

    China’s GDP per capita PPP for 2013 is about 9828 USD. This is still quite low compared to developed countries which have over 20 000 USD at least.

    Comparing some countries.

    In Int.$

    USA 52 839
    Sweden 40 870
    Taiwan 39 579
    Japan 37 135
    South Korea 33 151
    New Zealand 30 396
    Italy 29 597
    Greece 23 631
    Portugal 22 390
    Estonia 22 351 – Lowest among the developed countries

    Russia 18 083
    Brazil 12 117
    Thailand 9888
    China 9828
    India 3990
    Moldova 3562

    Source:

    http://en.wikipedia.org/wiki/List_of_countries_by_future_GDP_(PPP)_per_capita_estimates

    • Germandude

      Stefan, be careful with “comparing how much the average EVERY person has”.
      We know that wealth distribution in China is far more inequal than in Europe. I bet, no unemployed in Europe would trade their social benefits/unemployment money for the average income of one of the 100s of millions of factory workers in China.

  • Stefan Xu

    Here are all the Chinese provinces GDP per capita PPP compared to other countries.
    Zhejiang is for example similarly as rich per person as Mexico and Turkey. Guizhou the poorest provinces can be compared to Republic of the Congo.

    http://img853.imageshack.us/img853/9999/f62u.png

    Source:

    http://en.wikipedia.org/wiki/List_of_Chinese_administrative_divisions_by_GDP_per_capita

    • Alan Dale Brown

      That web page also shows growth …. in 1990 – when I graduated College – Tianjin had a PPP of $1,702. Now it’s $22,242. That’s a growth of 13X over a little more than 2 decades. Even accounting for inflation, it’s stunning.

      • hailexiao

        If those are constant dollars, and they should be, inflation is already accounted for.

      • 樊超

        you never know what CHina will become. no one was expecting China to become the world No.2 this early.check them out ‘China might be able to overtake Japan by the mid of 21 century.’

    • Cauffiel

      Wild.

    • Alan Dale Brown

      There’s a list for US States, compared to countries.

      http://en.wikipedia.org/wiki/Comparison_between_U.S._states_and_countries_by_per_capita_GDP_%28nominal%29

      District of Columbia is $124,363 PPP. California is $41,663 (a little lower than US average). Mississippi is $24,062 – just a little higher than Tianjin.

      • Germandude

        From your source: #72 Greece $28,152, still above Tianjin.

        Interesting.

    • Chris Granzow XI

      Inner Mongolia is 3x wealthier than the country of Mongolia lol.

      • Alan Dale Brown

        Mongolia is well on its way to becoming one of the wealthiest countries on earth per capita – due to its minerals. It’s increasing in wealth faster than China is. The dark side is they’re creating enormous pollution in the process. Sound familiar?

      • Alan Dale Brown

        In 2014, Mongolia is projected to grow at 15.3% – the fastest growing economy in the world:

        http://www.washingtonpost.com/blogs/worldviews/wp/2014/01/09/these-10-countries-are-set-to-be-the-fastest-growing-economies-in-2014/

        • Guang Xiang

          Whenever I meet Mongolian people, I always get thrown off by how modernly dressed they are. Ignorant me can’t get rid of the image of them coming in dressed like mongol cavalry.

        • Rick in China

          That’s a pretty silly cherry picked statistic. When you are working with shit at the bottom of the barrel, it’s easy to appear to make rapid progress of improvement. I feel really bad for Mongolia, having their wealthy land sliced off by the PRC and left in the barren lands in between two big communist nations who have both historically f’d them over.

          That being said, at least it’s moving in the right direction.

          • Edward_Crowley

            Russia and China are communist (sarcasm!)?

          • Cauffiel

            You’re totally right…. ALWAYS be skeptical when reading about growth statistics. They are meaningless without context, and are only highlighted when there is no other data to talk about.

          • Chris Granzow XI

            Exactly. For example, for the last five years sub-saharan Africa has had some of the largest growth rates in the world….but that’s just because their GDP was lower than a Walmart before.

          • Alan Dale Brown

            Context is an estimated $1 trillion in mineral wealth. See my above comment.

          • Chris Granzow XI

            Yea, I know what you’re saying; I’ve also read/heard a lot about all the natural resources they’ve discovered recently.

          • Alan Dale Brown

            Mongolia has huge mineral supplies. From National Geographic (a generally reliable source): ” By many estimates, Mongolia is sitting on a trillion dollars’ worth of
            recoverable coal, copper, and gold, much of it concentrated near the
            Chinese border around Oyu Tolgoi, or Turquoise Hill. There Ivanhoe
            Mines, the Canadian mining giant, is tapping the world’s largest
            undeveloped copper and gold deposit in partnership with Rio Tinto, an
            Anglo-Australian company, and the Mongolian government, which holds a 34
            percent share of the project, potentially adding billions of dollars to
            the national economy.” This for a country of 3 million people. They have a huge amount of mineral wealth. Not a cherry picked statistic. http://ngm.nationalgeographic.com/2011/10/ulaanbaatar/belt-text

          • Jahar

            We can use the same comment to refer to China’s growth. And Post war Japan. And Korea. And India.

          • ScottLoar

            Recall the robust Japan of the mid-70′s through the 80′s, and how the 21st century was being touted belonging to Japan and their superior way of doing business? Then, remember the Asian Tigers of the early 80′s? Korea, Taiwan, Hong Kong and Singapore posting growth double digit growth rates, and their success attributed to Confucian values, a work ethic and other such nonsense. Then came the catch-phrase “the Pacific Rim” as Thailand and Malaysia and Indonesia experienced double-digit growth rates but which rim did overlook countries like the Philippines, Australia and especially New Zealand which at the time was exercising high protectionist tariffs.

            Then the cliche “economic miracle” was repeatedly applied to China which had an incredibly low capital base after 30+ years of economic retraction. The truth seems to be, countries with a low capital base will experience high-growth rates (8-11% or more) as their economies transit from agricultural to industrialization but so, too, if the country does not transit from that to domestic consumption of goods and services the economy will likewise retract. Countries that insist on exports and likewise erect prohibitive tariff barriers cannot foster competitive industries; e.g., the Malaysian auto industry.

            I invite contrary opinion.

      • Edward_Crowley

        The clue is in the name, much like a certain country to the west, it is stolen land.

    • TJDubs

      They left off the most affluent province, Taiwan.

      • hailexiao

        Which, as it turns out, is 25% richer than Japan.

    • Zappa Frank

      Even inside GDP aren’t there differences? I mean you may get more money, but if you have to spend most for healthcare, education and so on while in other countries if for free or almost….

      • David

        Yes of course, but PPP equalizes some of that. Sometimes comparing lifestyles across cultures/national borders is just plain hard to do.

    • Edward_Crowley

      Zhejiang admittedly does pretty well….all the manufacturing, but then what price the air and water pollution?

    • namepen

      This is fun, here is a list of OECD regions by GDP (PPP) per capita. According to these figures from 2007, Tianjin would be on par with Stoke-On-Trent.

      http://en.wikipedia.org/wiki/List_of_OECD_regions_by_GDP_%28PPP%29_per_capita

    • hess

      Theres not a single country in that list that I’d like to live in haha

    • niggaplz
  • Cameron

    Indeed, China is now where it could have been a few decades ago were it not for the disastrous policies of a certain Communist Party Chairman, one who took great pleasure in deifying himself while sentencing generations of Chinese to poverty.

  • ESL Ninja

    It’s not what you have, it’s what you do with it. I don’t see how you can brag about being a rich city/province/country whatever when you still have people suffering from extreme poverty, babies dying because parents can’t afford medical services (which force you to pay before you even see a doctor), unbreathable air, undrinkable water, food scandals every week, cut corners in building practices and so on and so forth. Big whoop de fucking doo China, you have some money, now sort your fucking country out, you are a disgrace.

    It’s like a fat kid at school whose parents bought him a full football kit and Adidas Predator boots, a big fucking waste.

    Pathetic.

    • ESL Ninja

      This is actually one of very few articles where I agree with all the comments

    • Cauffiel

      All that stuff sucks, but pollution in the United States was at least as bad in generations past. China’s got plenty of faults, but they should get their fair shake at cleaning up the industrial related problems.

      • ESL Ninja

        But that was from an age where we weren’t so enlightened about global pollution, climate change etc. That point aside, these few individuals who are hoarding the lion’s share of this wealth, are they really going to stay in China when the pollution melts your face every time you step outside? eventually they are going to realise that it is pointless having all this money and still living in filth is stupid.

        • Cauffiel

          Haha, climate change. I’ll leave that one alone.

          The United States was once badly polluted, and why? Well, 2 main reasons… we produced waste and we did a shitty job of getting rid of it. So what can we we do? Since we can’t stop producing waste, our only option is to change the way we get rid of it.

          This requires 2 things itself: Money and technology. Over several decades, we were able to invest enough money and develop new technologies to curb pollution and make living that much nicer.

          So what’s China to do? Luckily, they don’t have to start from scratch…. they can buy technology and save a lot of time not developing their own. But this still requires money.

          And when you have two options at hand, spend money to build more factories and put more people to work or spend money cleaning up pollution from existing factories, dollars to doughnuts that money is going into building more factories.

          Complainers can complain all they want about pollution and unemployment and poverty and laud themselves for the moral high ground on which they stand for speaking truth to power, but reality dictates that you can’t solve all these problems at the same time. Like everything else, you have to solve them incrementally. You have to pick and choose what’s most important on which to expend limited resources, and right now, not surprisingly, and notwithstanding the micro% of the population that’s got loads of money, China just wants to make sure it can eat.

          At the risk of any misunderstanding, I am not attacking you personally or calling you a complainer. But I am trying to deflect any “but its not faaaaaair” responses, if anyone chooses to respond at all.

  • WangDN

    This must explain why all Chinese people have such well paying jobs, live in such nice and spacious houses, take regular holidays and live long and healthy lives!

  • tomoe723

    i guess the Japanese are truly unique then by your standards.. they’re having trouble trying to pop out bunches of babies but still have 3rd largest gdp in the world..

  • Taoran

    Why people still continue to even talk about total GDP is beyond me. It basically doesn’t allow any conclusions other than “Look, this area of the world has more people on it than that area.”
    This is a typical Chinese media style article to make the (less educated) Chinese people feel good about themselves for no real reason.

    • Edward_Crowley

      Exactly, it is all bollocks to put it frankly. I detested economics and maths at school and always thought they were just useless and only for those good at them to rip off people, and why yes, look at what happened the bankers bailed themselves out, because besides numbers and being obnoxious they knew there would be nothing else they could do, they certainly wouldnt work with the great unsoaped, so saved their own necks. Maths or at least advanced maths should not be taught at school, and universities should also get rid of useless courses like accounting and other such nonsense.

      • Taoran

        How you got from what I said to this is also beyond me. Just because you don’t like (or understand?) maths and economy doesn’t make them useless.
        While I’m not totally convinced for economy, I would definitely argue that math is the most important science of all, for without it no other science can do anything.

        • Edward_Crowley

          Well lets just say I’m not good at maths. Therefore what use is it to me at school? Ok, I apologize for my previous lets ban maths and burn the books statement, that was going too far. I just think that students should have some choice. Maths is not everything. I still graduated school as one of the best language students and in art. So I’d say my talents lie in talking shit in different languages and drawing/painting. But to each their own, I would not make my chosen favourite subjects compulsory, algebra bores me to tears, and seems to serve no useful purpose. I can’t be that bad at maths as I can work something out in my head, before the girl at the ma and pa shop has finished with the calculator….each to their own.Happy sunday!!

          • hailexiao

            Language, literature, and visual art classes bored the crap out of me in high school, but they still proved their worth in my life afterwards. The former improved my ability to communicate with people, the middle prompted me to look for possible alternate meanings in every text, and the latter helped think in 3+ dimensions in my applied maths and engineering classes. I’d still require people to take the basic versions of them alongside algebra and geometry. Maths isn’t everything, and neither is language or visual arts, but they are an important baseline that everyone should be acquainted with.

          • Edward_Crowley

            And ne’er the twain shall meet, eh? Everyone is different, left brain and right brain and so on. It seems that everyone still retains the lizard part of the brain though, or the reptilian brain. You know, that part of the brain that breeds contempt, envy, greed, racism, selfishness. That PART can never be eliminated, no matter how CIVILIZED the so called HUMAN race becomes. ANYHOO, I met some horrible, just horrible, women teaching in ESL who if I had my way, should never even set foot outside their country. I can say with all brutal HONESTY, western women involved in teaching english abroad are just a major pain in the RECTUM. Literature may be boring, but shakespeare, the bible….where did that come from, by jove yes, the literary canon. Languages….well noone would be able to communicate with each other. But your points are fair. I still think fat western women should piss off though!!!!

    • Zappa Frank

      Because if we talk about countries GDP is more important than PPP. GDP gives an estimation of your resources as country, and in the end play the big part to determinate how much you influence the rest of the world. Switzerland have a PPP ten thousand higher then china but its influence is several times smaller anyway.

      • http://www.youtube.com/user/VictimOfBoredom Matt

        Not to be pedantic, but PPP merely refers to adjusting for purchasing power parity beyond the mere nominal exchange rate; I think you meant GDP per capita. Both total GDP and GDP per capita can be measured either nominally or at PPP. Countries that benefit from PPP adjustment (as opposed to nominal measurement) tend to be cheaper, poorer countries (like China), though some poorer countries are expensive (like Brazil).

        • Zappa Frank

          Yes I was wrong, not PPP I meant GDP pro capita.

      • Taoran

        Matt is right, can you please confirm that GDP per capita is what you actually meant?
        Also, I don’t like the notion of “amount of influence on the rest of the world” because it refers to the quest for power, and that’s the beginning of wanting to dominate the world. Too many crimes have been committed for this objective, why can’t we just coexist peacefully?

        • Zappa Frank

          We can’t because resources are limited while, unreasonably, we follow an economic model of unlimited develop…

  • Vivo

    It seems GDP is a evil thing these days, any one who mentions it would be made fun of, like it doesn’t important at all, especially total GDP, the thinking is that if the per capita GDP is low, no matter how high the total GDP is, it’s irrelavant, all I want to say is that only if a country has a at least 5 trillion USD GDP, it’s central government can receivea 1 trillion annual fiscal revenue, only it has a 1 trillion fiscal revenue, it can have a 150 billion military budget, only it has a 150 billion military budget, it can afford fair amount of long-range nuclear missles, nuclear submarines, fourth-generation fighters, and modern destroyers or aircraft carriers that can defend you from the invasion-loving USA, that make you abosolutely sure that USA doesn’t dare to invade you, and you don’t need to pretend to be a “ally” (bitch) and can confidently tell USA “Go fuck yourself”, IRAQ had a much higher per capita GDP than China as I remember, see what happened! India has a even lower per capita GDP than China, but who dare to touch them!

    • Cauffiel

      Your comment is only one sentence.

  • Western Sydney

    “No.1 in the world for number of corrupt officials.”
    This guy

  • mei mei

    what a magical sight

    • Middle_Kingdum

      What is the magical sight?

  • Alan Dale Brown

    The mineral wealth of Mongolia many end up being a curse. Single resource economies are ripe for corruption. I’m not sure it’s a good thing.

  • portner

    All because of a town called changping…

    • Cauffiel

      Changping is disproportionately wild for its size. How do you know it?

      • portner

        I’m loving it

  • FYIADragoon

    Hahaha, per capita, the only measurement China never wants to talk about.

  • Alex Dương

    Did you read the translated comments? Chinese netizens seem to feel the same way.

  • Alex Dương

    Did you even read the translated comments?

  • hailexiao

    Presumably the immigrants all go to Beijing next door.

  • chucky3176

    Yeah but in developed countries, you won’t see cooking oil made out of sewage waste, then sold to hotels and restaurants where they fry your food in that gunk.

    Totally shocking.

    It doesn’t matter how much money you have in your pocket, it’s how you got it that counts.

  • chucky3176

    I don’t buy the concept of Purchase Power Parity (PPP) GDP figures. SImply because it simply fails to account for the quality of the goods. If the goods are cheap, then the major reasons are two things: labor is cheap, or the goods are low quality or tainted. For instance, meats in China maybe cheaper. But do we really think that the Chinese produced meats are safe to consume, compared to more developed nations?

    In India, the bus rides are much cheaper and much more affordable according to PPP stats. But do we really want to ride on an Indian bus versus the one in a developed country?

    The PPP figures for economic statistics is way overblown in favour of less economically developed countries in my opinion.

  • 樊超

    I see lots of sour white boys here. lol
    China has achieved so much more than what everyone was expecting in the 80s, 90s,2000s, no one was expecting China to overtake Japan by 2012 (and now in 2014 CHina has DOUBLED Japan’s GDP in just 2 years)
    on 1990 India had more wealth than CHina, by 2014 China will have 5 times of GDP than India. India is the one that the west was touting to become the 21st century superpower. there are so many articles abt India to beat China in the 21st century lol
    you just wait, CHina will beat USA soon, and then will double it’s GDP in no time.
    Learn to respect the CHinese white boys, without them, there will be no paper, no books, no gunpowder, no civiliations you see today.
    And remember who was the master of this earth for the most of time in human history, not you western European white boys, its EAST ASIANS!

    • Guang Xiang

      Yea, it’s nice that China is in the global spotlight but let me tell you something: stop riding on the coat tails of your country. Look at yourself, and your posts: you just cry out, loser, incompetent, sour, waste of oxygen, etc. What have YOU done for the country? Nothing, worth mentioning, just an angry turd hoping that he can get some respect AFTER China reaches #1. Why don’t you start by bettering yourself, perhaps you wouldn’t have such an inferiority complex.

      Now lets break down your attempt at using facts to prove your point:

      GDP PER CAPITAL is the better measure of standard of living. As far as this goes, Japan is still well ahead of China. Just quoting GDP is unfair considering how large China is in size and population. I would hope a country with such a size advantage would had a higher overall GDP compared to a small ass country such as Japan.

      And lol at you saying the western media banked only on India being number one. Never heard of the sleeping dragon? what about all those media about India’s awful living conditions and rape record. You’re just a blind bat who only see things your way.

      Please remove yourself so that we can raise China’s GDP per capital since it’s obvious you’ll contribute nothing.

  • Edward_Crowley

    And Xinjiang

  • mike921

    Hope they don’t spend too much time patting themselves on the back – China is still the 3rd world, and will remain so for a VERY long time.

Personals @ chinaSMACK - Meet people, make friends, find lovers? Don't be so serious!»