An interesting question is which of these 2 numbers is most important. The PPP income measurements could be flawed if the poorest half of Chinese have been able to accumulate double the wealth as poorest half of Americans.
Even if “attitudes towards savings” are different/a factor, being able to survive while hoping for the upward mobility that savings/wealth provides is more likely than not, a sign that poorer half of Chinese are better off than poorer half of Americans, despite the standard measures of PPP income.
An interesting question is which of these 2 numbers is most important. The PPP income measurements could be flawed if the poorest half of Chinese have been able to accumulate double the wealth as poorest half of Americans.
Even if “attitudes towards savings” are different/a factor, being able to survive while hoping for the upward mobility that savings/wealth provides is more likely than not, a sign that poorer half of Chinese are better off than poorer half of Americans, despite the standard measures of PPP income.