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China's share of the World

China's share of world GDP is nearly four times more than it was in 1980. Measured at purchasing power parity, it approaches that of the world's rich countries. It's just a matter of time* before China returns to it's ancient status as the Central Kingdom.

China's GDP

*Goldman Sachs predicts that China's GDP will overtake the US GDP (in PPP terms) by 2011.

Labels: Asia, Economics

posted on Wednesday, April 11, 2007 link to this post

And it's is not just the rich who are getting richer. The number of Chinese in extreme poverty fell from 374m in 1990 to 128m in 2004.
That's still 128m to much, but an improvement never the less.

posted by Patrick on Saturday, 21 April, 2007