Absolutely right!

Based on what I have observed for long time, today's China has become the largest economy for years, with less than 20% population producing over 50% goods in the world used for people's daily life. China actual GDP per capita in 2017 was $36000US, 3 times higher than the officially announced figure. In other words, China 2017 GDP was ~$50 trillions. This may still undercounter the real GDP figure, if looking at the actual economic scale in China. In fact, a large part of China GDP was contributed by physical economy (~48%), unlike the USA GDP contributed mostly by service section (~80%) (see the CIA World Factbook website).

Now the main stream economists are enjoying the theories they have created, that may ignore a basic aspect that people live depending on materialized items created by physical economy, although service or virtual economy may make people's life more easier. However, people could not even survive without physical economy.  

所有跟帖： 

• 某襠執政70年共做了三件事。第一：民國時收繳別人的合法財產分給自己和追隨者；第二：把追隨者分到的財產收歸國有；第三件：變著法瓜分 -萬得福- ♂ (298 bytes) () 10/27/2018 postreply 17:39:45

• 文學城裏真是臥虎藏龍。胡鞍鋼要下崗了,panlm_ 明天將赴清華上任。 -老愛踢- ♂ (0 bytes) () 10/27/2018 postreply 17:49:16

• Ok that's fine. -panlm_- ♀ (70 bytes) () 10/27/2018 postreply 18:05:35