@SCMPNews why do you keep referring to China as the โsecond-largest economyโ when even the CIA admits that China is 31% bigger than the U.S. based on PPP?
@BrokeSource This might come as a surprise to most โeconomistsโ but when you make anything more expensive (let alone housing) fewer people can afford it.
@UlyssesFinn Communism (as an economic system) is a failure which is why the U.S. is failing and China is thriving. One chose more government in the 80s, the other chose more free markets. Disagree? ask yourself where was all of that wealth in China 50 years ago? What happened to Americaโs?
@XueJia24682 Actually China is thee prime example that communism doesnโt work. Chinaโs wealth today is owed to the changes made decades ago to create more economic freedom. Freedom works.
@frost7@Globalstats11 Actually itโs the other way around. But if you seriously think the U.S. has a larger production capacity than China, I have a bridge in Brooklyn to sell you.