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Yeah, I wonder when they are expected to surpass the US in per capita GDP; or the median income adjusted for PPP. A lot of China is still in abject poverty.
by partiallypro 9y ago
Yeah, I wonder when they are expected to surpass the US in per capita GDP; or the median income adjusted for PPP. A lot of China is still in abject poverty.
- mrb 9y agoShare of China's population living in extreme poverty: 1980: 88.3% 2013: 1.8% (World Bank)
- seanmcdirmid 9y agoNo one is predicting that for all time. Though China is definitely already upper middle income when it comes to gdp/capita, they aren’t a poor country even if they aren’t a rich one. PPP isn’t very meaningful, it doesn’t account for many things being more expensive in china for equivalent developed world lifestyles. It just means people have cheaper life styles outside of services.