"PE Tycoon" Dan Weijian: The efficiency of Chinese workers is 2 to 3 times that of Americans, yet their wage levels are 80% lower than those in the United States
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Research by Dan Weijian shows that China's labor productivity in industries such as shipbuilding, steel, electric vehicles, solar energy, and cement is significantly higher than that of the United States, with an average per capita real output 2.4 times that of the U.S. However, despite the higher productivity, the wage levels of Chinese workers are lower than those in the U.S., with nominal wages only five to six times that of the U.S
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