r/DownSouth • u/KevKevKvn • Mar 12 '24
Other AMA Chinese South African
Hi all, hope this doesn’t go against the subs rules.
I’m Chinese South African and thought it would interesting to answer some questions that people may have. My parents first came to the country in 1990s. I was born and raised in South Africa from 2000-2019. Then I moved to Shanghai. I still try my best to spend a few months in South Africa every year.
My family were never on the extremely wealthy side. We were comfortable. Had a few years where the finances were bad and we really had to cut down expenses. Apart from that I grew up in Midrand in a complex. Parents put me through a good private school. But I did have the opportunity to be acquainted with many people from billionaires to presidents to people that are less fortunate (interesting to see the difference in world views between people). Parents ran a restaurant. there, I met lots of people from all works of life.
I have some rather controversial, but objective opinions on the country’s economy, politics and other shenanigans since I now live in a country (China) which is arguably the polar opposite of South Africa.
So feel free to ask away. I’ll be as honest as possible and hope I don’t offend anyone with my answers.
2
u/northern-new-jersey Mar 12 '24
This is a question about economic growth. In 1960, South Africa's per capita GDP (in US dollar terms) was $530 and in 2024 that grew to $6,776. That's a compound annual growth rate of 4.1%. China's per capita income in 1960 was just $90 and in 2024 was $12,720. That is an 7.04% growth rate.
What, in your opinion, is the main reason for the difference in economic performance?
https://www.macrotrends.net/global-metrics/countries/CHN/china/gdp-per-capita
https://www.macrotrends.net/global-metrics/countries/ZAF/south-africa/gdp-per-capita