China May Have $5.8T in Hidden Debt with ‘Titanic’ Risks
Here's something that seems simple and I've NEVER been able to get a straight answer to:If Chinese wealth per capita is roughly 1/10th that of the average US citizen -- both in terms of median and mean -- and if Chinese wages are roughly 1/6th that of the average US citizen -- both in terms of median and mean... How on Earth are Chinese houses on average MORE EXPENSIVE per square foot than houses in the US?My brain just can't understand.