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The U.S. will remain richer than China for the next 50 years or more, says economist
The U.S. will remain wealthier than China for the next 50 years or more — long after the Asian economy is expected to overtake the U.S. to become the...
“I think it’s very unlikely that … China will get to U.S. levels of GDP per capita — that’s our measure of wealth — for at least the next 50 years if ever,” Simon Baptist, global chief…
- Yen Nee Lee
- CNBC
GDP per capita measures an economy’s output per person and is a common gauge of prosperity.
The latest International Monetary Fund data available showed China’s GDP per capita was forecast to be $10,582.10 in 2020 — roughly six times smaller than…