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The Efficiency Moat: Why China Is Beating the U.S. on AI and Everything Else

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Re: The Efficiency Moat: Why China Is Beating the U.S. on AI and Everything Else

#4
> If you look at consumer spending in a country, in most countries that share is between 55-65%. The U.S. is at 67% or so. Most of what we produce goes back to the people themselves. China is different; Chinese consumption rates are at roughly 40% of GDP

Probably healthcare portion of GDP in US, about 20% makes up for the difference?