China’s ruling Communist Party will play a bigger role in steering its vast technology industry, the latest sign that Beijing intends to exert more influence over swathes of the world’s No. 2 economy.
These are also the people that will jump on any chance to rail against China for artificially devaluing their currency to cheat and make their exports unfairly out-compete domestic production in the West. Which if it’s true is the only reason their nominal GDP is as small as it is.
I love the argument against PPP. “They’re only the largest if we’re talking about buying products with money!”
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Can China truly be the largest economy if its people aren’t paying $8,000 for a short ambulance ride?
These are also the people that will jump on any chance to rail against China for artificially devaluing their currency to cheat and make their exports unfairly out-compete domestic production in the West. Which if it’s true is the only reason their nominal GDP is as small as it is.