Russia Today: The Alyona Show- 'Can US Compete w. China on Infrastructure?'

Source:Russia Today- talking to Ryan Avent.

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RT operates as a multilingual service with conventional channels in five languages: the original English-language channel was launched in 2005, the Arabic-language channel in 2007, Spanish in 2009, German in 2014 and French in 2017. RT America (since 2010),[7] RT UK (since 2014) and other regional channels also offer some locally based content." 

From Wikipedia 

"President Obama gave his jobs speech last night announcing a $450 billion plan. But to what extent will initiatives like an $80 billion infrastructure plan create jobs for some of the 14 million unemployed Americans? And how would this plan help the U.S. stack up with a country like China. The Economist's Ryan Avent weighs in." 

From Russia Today

I'm really getting tired of hearing this notion that China is passing America economically and perhaps in every other important category. 

Here some facts: America has a population of 313M people and a GDP of 14.78T$ and a per-capita income of 47K$. 

China has a population of 1.33B people and a GDP of 5.87T$ and a per-capita Income of 4,382$. China has a population of over four times as America and America has an economy 2.5 times the size. And our PCI is almost twelve times the size. 

China has come along way, but they have a hell of a long way to go. They have beautiful infrastructure in their big cities, where most of their wealthy and middle class people live. But we are still talking about a developing country where with about 1B people who live in awful poverty in their rural areas. Our poor rural areas are probably rich compared to China's. 

China probably within 10-20 years will have the largest gross domestic product in the world. (Or GDP) But unless America continues to slide our per-capita income which is more important, because that gets to purchasing power will probably still trample China's. 

Russia, Mexico, and Brazil all have PCI that are at least twice the size of China's. These are all still developing countries that are moving in the direction of becoming developed nations with a long way to go.