China’s PPP is weird. It isn’t apples to apples, it is Chinese living standard to American living standard. Many things in China are actually more expensive than the USA, what is cheaper is generally related to food and services, otherwise you just go with cheaper alternatives in China instead, and they are cheaper for a reason. Housing is a good example: you aren’t going to fund the same standard f housing in China for cheaper than the USA, but you can find cheaper housing (I.e. not as nice as you would rent in the states). Cars are another good example: they have cheap cars, but if you want to buy say a Camry in china, you’ll pay more than you would in the USA (and we aren’t even talking imports, they are made in Chinese factories at a lesser quality standard than the USA or Japan).
