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It has been able to flood the market with products well below market price — and consequently destroy industries and employment in the West and elsewhere.
The RFCR operation enables a reduction of the regulated effluent products well below the minimum attainable under a steady-state operation of the same packed-bed reactor.
Current battery costs in electric cars are ~US$150 to ~US$200 per kilowatt-hour, making them the most cost efficient battery products, well below the industry average pack costs of ~US$350 per kilowatt-hour.
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Greece's income tax revenue is 7.3 percent of gross domestic product, well below the 11 percent average for euro zone countries, according to Eurostat.
The combination of unequal income distribution and high tax evasion are limiting the government's non-oil revenue to 10.8percentt of gross domestic product, well below the average for middle-income countries.
Charitable donations in India make up about 0.6 percent of the country's gross domestic product, well below the 2.2 percent in the United States, according to a study by Bain management consultants.
In May, with a budget deficit last year of about 5.3 percent of gross domestic product — well below the annual deficits in Greece, Ireland and Portugal — the government was able to get away with a relatively modest austerity program of 24 billion euros, or about $32 billion.
The second largest economy in the world cannot afford to have a services sector that is only 43 percent of its gross domestic product — well below the percent shares in Asia's other major developing economies such as India, Korea and Taiwan, and far short of the 75 percent shares of advanced economies.
Italy's research and development (R&D) spending is currently at 1.10% of its gross domestic product, well below the European Union average of 1.84%.
French officials argue that the differentiation is warranted, noting that the country's deficit is estimated at 8 percent of gross domestic product this year and its debt was 78 percent of gross domestic product last year — well below the worst-hit countries.
However, its deficit — now 3.3 percent of gross domestic product — is well below the deficits of Europe's other large economies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com