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China's GDP/capita is about 12,000 USD, which is somewhere between Mexico and Poland. Average monthly income in China is about 1400 USD, which is 10x the level
by DiogenesKynikos 2y ago
China's GDP/capita is about 12,000 USD, which is somewhere between Mexico and Poland. Average monthly income in China is about 1400 USD, which is 10x the level you cited.
The middle income trap is about countries getting stuck, because they are unable to transition from cheap manufacturing to higher-value-added industries. China has already moved into high-tech sectors in a big way, so it looks like the middle income trap is already irrelevant for China.