Great analysis indeed. This is also consistent

with what I have observed for years that current China is actually the largest economy in terms of goods production. China GDP per capita in 2017 was much higher than the officially pronounced figure (~US$9150). Based on a rough estimate, the actual figure could be as high as US$30000, i.e. China 2017 GDP could be 42 trillions US dollar. Only such a number may explain the China actual economic scale and people's living standard.