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Brazilian’s Spending Power Now Lower Than The Chinese

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According to research by the world bank, the purchasing power of the Chinese surpassed that of the Brazilians. Forbes magazine published an article by Kenneth Rapoza that presents the evolution of the Chinese economy in the face of the Brazilian crisis. Unemployment and the reduction of wages in Brazil and Chinese economic growth have reversed the relationship between income and purchasing power.

But the article warns: “Everyone is being pulled to the center of gravity when it comes to things like general spending and low-middle class paychecks. So the fact that China’s locals are earning more and have more spending power than Brazilians, for the first time ever, is not necessarily Brazil’s fault. It’s just that China has been a runaway train. And Brazil, at best, a choo-choo, now chugging along on a rusty, partially outdated railroad track.”

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