And Chinese workers pay less for housing and healthcare as well. I would reckon that transportation is probably also a lot cheaper since they have access to dirt-cheap public transit and are not expected to own battleship-sized cars. Utilities seems ridiculously cheap as well.
The average annual earnings in China is $16,300
If you normalise this against the US which is $47,960
This is roughly 3x
So multiply the price of that beer by 3 and I think you have a fair rough comparison. Any beer that costs 2 dollars for 1.5L? Probably not.
China’s grocery basket is cheaper than the US.
And Chinese workers pay less for housing and healthcare as well. I would reckon that transportation is probably also a lot cheaper since they have access to dirt-cheap public transit and are not expected to own battleship-sized cars. Utilities seems ridiculously cheap as well.
god I wish I lived in China
You can typically get a single 24oz beer from a convenience store for like $2.50, which is like .7 liters. So like $5 for 1.5L