Despite a gradual moderation of China’s national growth, the favorable news is that Chinese regions are converging (link is external). The chart below shows those regions that had relatively low per capita GDP in 2009 have grown significantly faster in the subsequent years than the more developed (mostly coastal) provinces.
13 of the 31 provinces or regions are above the national average and the rest are below Below is updated provincial per capita information. The chart above is based on 2009 currency.
On a nominal exchange rate basis and IMF projection 2016 $8866 [About the level of Turkey, 71st of 189 countries, about 15% of US per capita level] 2017 $9482 2018 $10219 2019 $11127 2020 $11457 2021 $12543 [Past Turkey and Mexico, Nearing Lebanon and Hungary about 18.6% of US per capita level] On a PPP per capita GDP basis 2016 $15095 [About 26% of US per capita level, 85th in the world] 2017 $16172 2018 $17405 2019 $18752 2020 $20190 2021 $21733 [about 32% of US level, 79th in the world] Overall China economy would 132% of the US economy on PPP basis
SOURCES – Peterson Institute for International Economics (PIIE), IMF, China national statistics
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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