Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

https://thehill.com/homenews/house/3921082-house-unanimously...

> “Their economy size is second only to that of the United States. [The] United States is treated as a developed country, so should PRC,” Kim said. “And is also treated as a high-income country in treaties and international organizations, so China should also be treated as a developed country.”

And CCP also usually paints PRC superior to US in everything so it's kind of their choice too...



Which country is poorer: Luxembourg or Kenya? Luxembourg has a lower GDP, after all.


> PPP-adjusted GDPs per capita

ftfy.

on which btw China scores higher than Mexico and World Bank classifies Mexico as an upper-middle-income economy

And the answer is Luxembourg by a mile.


The US is treated as a high-income country because incomes are high. Incomes in China are low. There's nobody disputing either of those claims.

USA NGDP per capita 2024: US$86,600, just below Norway.

China NGDP per capita 2024: US$13,000, just below Malaysia.

Their economy is large because there are more of them. That doesn't do anything for their income.


High income != developed. There are different metrics.

Overall GDP very high, GDP PPP per capita middling, incomes highly disparate, etc. Developing status becomes kinda subjective and this particular move is not insane. Sadly it's unlike many many other moves.


> High income != developed. There are different metrics.

You might want to replace the quote you were citing.


Why?


OK, I guess first you might want to read it.


I did! Did you?




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: