China Will Be Yet Again an Economic Miracle

According to the World Bank, China's real per capita GDP rose from $404 in 1979—the year Deng Xiaoping opened the economy to private enterprise—to $11,560 in 2022 in constant 2015 U.S. dollars. It jumped five-fold since 2001. By contrast, India's real per capita GDP rose from $373 in 1979 to just $2,085 in 2022. By comparison, you can see what a success story China has been, one unique in economic activity.

 

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