NO China’s economy isn’t as large as the USA & automation will be China’s downfall, Building Wealth, Investing, Retirement, Stock Trading, Freedom, Liberty

Episode 51:  Since “purchasing power parity” (PPP) has been in the news, this is a follow up to the previous episode about GDP.  Don’t believe the hype…China’s GDP is about half of the USA.  Obfuscaters try to use PPP to overestimate the dominance of China.  [The media purposefully take data out of context…ask yourself why?]

Ultimately China will follow the same path as Japan- automation & technology will weaken their cheap labor competitive advantage.  Demographics are working against China…China will become OLD before they become RICH.

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Hosted by John Pugliano. The Wealthsteading Podcast teaches 10 wealth building principles to help investors build wealth and attain personal freedom.

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