1/4
I don’t think population density fully explains the difference, Houze. The EU’s population density is not much below that of China (it is nearly 80% of China’s), but while China has 2.4 times the geographical size and 3.1 times the population of the EU, it has 4.2 times...
I don’t think population density fully explains the difference, Houze. The EU’s population density is not much below that of China (it is nearly 80% of China’s), but while China has 2.4 times the geographical size and 3.1 times the population of the EU, it has 4.2 times...
https://twitter.com/hzsong/status/1355003187330248705
2/4
as many miles of HSR as the EU.
Japan’s population density, on the other hand, far exceeds that of China (it is 230% of China’s), and while China is 25 times the size and has 11 times the population, it has more than 12 times as many miles of HSR as Japan.
as many miles of HSR as the EU.
Japan’s population density, on the other hand, far exceeds that of China (it is 230% of China’s), and while China is 25 times the size and has 11 times the population, it has more than 12 times as many miles of HSR as Japan.
3/4
Even this means comparing apples to oranges. EU workers are roughly 3.5 times as productive on paper as Chinese workers, and the Japanese 4 times as productive, and the real difference is greater if you believe, as I do, that GDP in China tends to overstate real...
Even this means comparing apples to oranges. EU workers are roughly 3.5 times as productive on paper as Chinese workers, and the Japanese 4 times as productive, and the real difference is greater if you believe, as I do, that GDP in China tends to overstate real...
4/4
productive activity in the economy. None of this proves that China has spent more on HSR than the economic value it delivers, but it does suggest either that China has overdone spending or that the EU, Japan, the US, etc. have underspent to an astonishing degree.
productive activity in the economy. None of this proves that China has spent more on HSR than the economic value it delivers, but it does suggest either that China has overdone spending or that the EU, Japan, the US, etc. have underspent to an astonishing degree.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
