There's a common misconception that China's economy development only really took off after Deng reforms. However, the reality is that there's been steady progress since the revolution.
There's a common misconception that China's economy development only really took off after Deng reforms. However, the reality is that there's been steady progress since the revolution.
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GDP per capita begins to grow consistently only after 1977
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The chart in the submission is using PPP measure, which is what ultimately matters.
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It's using total GDP however
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that's not a contradiction
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Well..., total GDP (unlike GDP per capita) is not a good measure of the well -being of a nation, a country with a large population can have a very high GDP but a poor standard of living
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GDP per capita isn't a measure of standard of living either. For example, a country with a high level of exploitation will have high GDP per capita. There are plenty of better measures for the standard of living such as Physical Quality of Life Index. And there is plenty of evidence that the standard of living in China has been increasingly steadily.
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GDP per capita isn't a measure of standard of living either
Sure, but it correlates well with it
And there is plenty of evidence that the standard of living in China has been increasingly steadily.
Yes, but only since Deng reforms. Before them China was a stagnant country
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Sure, but it correlates well with it
Only in a sense that western nations that have been traditionally exploiting the Global South have enjoyed an overall higher standard of living as a result.
Yes, but only since Deng reforms. Before them China was a stagnant country
That's completely and utterly false. I can recommend a book on the subject if you genuinely want to learn about the development of China https://redletterspp.com/products/chinas-great-road
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