☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to Economics@lemmygrad.mlEnglish · 8 days agoThe bottom 50% in China has double the average net worth of the bottom 50% in the US. This is despite China having 1/3rd of the GDP per capita (adjusted for purchasing power) of the US.lemmygrad.mlimagemessage-square18linkfedilinkarrow-up184arrow-down11file-text
arrow-up183arrow-down1imageThe bottom 50% in China has double the average net worth of the bottom 50% in the US. This is despite China having 1/3rd of the GDP per capita (adjusted for purchasing power) of the US.lemmygrad.ml☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to Economics@lemmygrad.mlEnglish · 8 days agomessage-square18linkfedilinkfile-text
https://wid.world/share/#0/countriestimeseries/ahweal_p0p50_z/US;CN/2019/eu/k/p/yearly/a/false/-4297.1145/8000/curve/false
minus-squareJoncash2@lemmy.mllinkfedilinkarrow-up9·7 days agoGood news then. That’s exactly what China is doing. And doing it completely in the yuan as well. Here’s an article about China and Pakistan doing literally that. https://english.mathrubhumi.com/news/world/pakistan-secures-37-bn-rmb-loans-from-china-amid-imf-pressure-avoids-us-currency-xd0ivqi3
Good news then. That’s exactly what China is doing. And doing it completely in the yuan as well.
Here’s an article about China and Pakistan doing literally that.
https://english.mathrubhumi.com/news/world/pakistan-secures-37-bn-rmb-loans-from-china-amid-imf-pressure-avoids-us-currency-xd0ivqi3