In 2040, the Chinese economy will reach $123 trillion, or nearly three times the economic output of the entire globe in 2000.
China’s per capita income will hit $85,000, more than double the forecast for the European Union, and also much higher than that of India and Japan.
In other words, the average Chinese megacity dweller will be living twice as well as the average Frenchman when China goes from a poor country in 2000 to a superrich country in 2040.
Read the rest at Foreign Policy –>
Join the conversation about this story »
See Also:
- Andy Xie: An Overwhelming "Get Rich Quick" Mentality Dooms China To Endless Bubbles
- Bludgeoned Commercial Real Estate Has Begun To Entice Chinese Bottom Feeders
- World Bank: Actually, Banning Chinese Imports Would Make The U.S. Trade Deficit WORSE