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China is the second richest country in the world. It has the most billionaires, and has experienced steady economic growth for decades. It baffles me that peopl
by deesep 6y ago
China is the second richest country in the world. It has the most billionaires, and has experienced steady economic growth for decades. It baffles me that people still classify them as a developing nation.
- free_rms 6y agoNow do per capita and income inequality. Shanghai is modern. Huge parts of the country are developing.
- tupputuppu 6y agoAs an econ major, it seems to me that you're only getting downvoted because HN is a typical place full of engineers with little econ understanding but lots of opinion. Whether a country is developed or not is defined based on their standard of living per capita, not their absolute size. A country with a billion poor people has completely different social, demographic, industrial and political drivers than a country of 300m high I come people.