>>519638482 (OP)
>>519639931
Also, PPP is especially more important in China's case because everything is already made there as oppose to other countries who need to import first in USD and then factor in the shipping costs and tarrifs. In fact, China is the only country that possesses all the industrial categories in the UN's industrial classification. Remember, they fund the PLA using renminbi meaning the inputs aren't sourced from the US. That's why using GDP nominal numbers can be dubious because of exchange rates, inflation, and China artificially keeping their yuan low for exports. If China had allowed the Yuan to appreciate, their nominal GDP per capita would rise $20,000 to $22,000 or more.
They're the biggest consumer and producer of electricity on the planet. China consumes 33% of the world's cars, 35% of mobile phones, 40% of appliances, 26% of luxury.
China is
#1 in steel
#1 in trade
#1 in shipbuilding
#1 in high speed rail
China produces:
half the world's chemical
half the world's ships
more than 3/4 electric batters
more 2/3 of Evs
80%of consumer drones
90% percent of critical refined rare earth minerals
half of all industrial robot installations world wide
40% of BMW's sales comes from China, 38% for Audi and it's 37% for Mercedes Benz. VW had 50% of its sales from China at one point. GM sells more cars in China than the US for over a decade. Buick has something like 80% of all it's sales going to China and that's only with 2.5% of the market share there. For Tesla, it's 35% of their sales. Entire brands like Lincoln is kept alive because of China.
While KFC has 4300 locations in the US, China has 10k+ locations. 35% of Apple's net sales are from selling iphones and services to Chinese consumers. The biggest market for the gaming company Steam is China with an annual revenue of $10 billion, that's followed by the US market with $3.2 billion
GDP stats don’t fully capture the extent of their dominance in the physical world.