6 ms·
China on a gdp per capita basis is still in the middle income trap. It seems likely they can escape, but they've not gotten out of the range yet.
by Danieru 5y ago
China on a gdp per capita basis is still in the middle income trap. It seems likely they can escape, but they've not gotten out of the range yet.
- redis_mlc 5y ago> China on a gdp per capita basis is still in the middle income trap. That's according to the CCP stats, which are rosy. The reality is horrific - 1/3 of the adult population earns less than $140/month, and half of those zero. China is currently importing half of its energy and food, a situation that can go pear-shaped in only a few months of famine (or mining its harbors, etc.) Every time you see a major flood ruining crops across a province, that's a million starving peasants who won't make it to the next harvest. China is a train wreck in slow motion.