And, China has more than double the population of the US, leaving the per-capita amount much lower.
That's an important point -- its population, hard as it is to believe, is more than four times ours. Which is why, even when, some day, their GDP equals ours, they will still only be 1/4 as rich.
And, China has more than double the population of the US, leaving the per-capita amount much lower.Yeah, but I bet the number of people in China that own or have access to automobiles is still a tiny fraction of the US.