74 sats \ 5 replies \ @Coinsreporter 31 May \ on: Chinese Manufacturing Sector Slips in May econ
US and other can make false merriment on this slight slowing down in Chinese manufacturing sector. China is still manufacturing at a speed.
China is at the top with 28.7% of the total global output for manufacturing while US is 2nd with 16.6%. huge difference! Isn't it?
Entire countries are odd units of comparison, though, when talking about total output.
China has 4x the population of the US, which means the average American's manufacturing output is more than double the average Chinese's.
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You're right but Chinese people only work or manufacture (output) for China, so the average won't matter.
If US has to catch up with Chinese manufacturing output, it has to double its population or double the manufacturing output.
Population is an asset to any country, China definitely has more of this asset.
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I guess that’s a matter of perspective.
I don’t care about collectivist aggregates. I care about individual flourishing.
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I surrender!
Actually, I also believe in the same ideology.
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