Western media take the best aspects of the China model & portray them as negative.
Example: “Consumer spending in China is only 37% of GDP.” 🥲
Yeah, it’s coz Chinese economy is NOT predatory.
Cost of living is low, so Chinese people are not spending exorbitant sums on healthcare, college, rent, cars etc.
That’s the beauty of socialism. That’s the philosophy of CPC (CCP).
On the other hand, 60-70% of Americans are broke and don’t even have $1000 in the bank. Nothing to be proud of.
Example: “Consumer spending in China is only 37% of GDP.” 🥲
Yeah, it’s coz Chinese economy is NOT predatory.
Cost of living is low, so Chinese people are not spending exorbitant sums on healthcare, college, rent, cars etc.
That’s the beauty of socialism. That’s the philosophy of CPC (CCP).
On the other hand, 60-70% of Americans are broke and don’t even have $1000 in the bank. Nothing to be proud of.
As in this example of healthcare cost in China.
A person had a major surgery and five days of stay at the hospital.
Total amount paid by the patient? $200! 💥
Plus, most of that money comes from a healthcare savings account where the employer contributes as well.
A person had a major surgery and five days of stay at the hospital.
Total amount paid by the patient? $200! 💥
Plus, most of that money comes from a healthcare savings account where the employer contributes as well.
Other examples of low cost of living in China:
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