Thursday, March 23, 2017

"China has already overtaken in per capita GDP or in PPP all of the world's other largest developing economies - India, Indonesia and Brazil. By 2020 China's per capita GDP will be higher than several Eastern European countries.
As China has 19 percent of the world's population, quite literally never in human history has anything approaching such a large proportion of the world's population had its conditions of life improved so rapidly. That will be the astonishing measure of China's success in achieving "moderate prosperity" - it is, without comparison, literally the greatest economic achievement in human history."
What China achieving 'moderate prosperity' means

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