The average Chinese person makes about 124,000 RMB a year, which is only 17,258.42 US dollars a year. But we need to be able to hold several ideas in our mind at the same time: 1. 90% of Chinese adults own their own home and most have no mortgage of any kind, and there are NO property taxes in China. 2. On average, a U.S. citizen spends about 10 times more on health care than a Chinese citizen. 3. By purchasing power parity, Chinese money goes A LOT farther, with inflation between 0% and 2% for years. 4. Chinese people have no student debt, and few have credit card debt. 5. Electricity, water, and telecommunications are all cheaper in China. 6. A brand new EV can cost as little as 8,000 USD in China. Yes, Chinese people will make a lot more in a few years, but they are already doing much better than most understand.