Per capita GDP in six municipalities, provinces and regions including Beijing, Zhejiang and the Inner Mongolia Autonomous Region surpassed $10,000 in 2012. For the first time, per capita GDP in East China’s Zhejiang and Jiangsu provinces as well as North China’s Inner Mongolia Autonomous Region surpassed $10,000 in 2012, while the per capita GDP in three municipalities – Beijing, Tianjin and Shanghai – stayed above $10,000 last year.
Most economists are projecting 8.2 to 8.4% GDP growth for China in 2013 and 2014.
The World Bank classifies high income economies as those with per capita GDP of $12,476 or more.
By the end of 2014 the top ten provinces will all be over per capita $10,000 and the top 6 will be over $12500 per capita.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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