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Average American Owes Average Chinese $4000This is really an astonishing number. From James Fallows' new essay, "The $1.4 Trillion Question:"
Based on 2006 per capita GDP numbers that means we've sucked almost 23% per year from the average Chinese earner's income. Can you imagine what you'd do if someone was borrowing 22% of your income a year and forcing you to endure a lower standard of living in the process? You'd be rather unhappy, no? Sean-Paul Kelley January 11, 2008 - 2:38pm
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