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： 

• 某裆执政70年共做了三件事。第一：民国时收缴别人的合法财产分给自己和追随者；第二：把追随者分到的财产收归国有；第三件：变着法瓜分 -万得福- ♂ (298 bytes) () 10/27/2018 postreply 17:39:45

• 文学城里真是卧虎藏龙。胡鞍钢要下岗了,panlm_ 明天将赴清华上任。 -老爱踢- ♂ (0 bytes) () 10/27/2018 postreply 17:49:16

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