The American Enterprise Institute (AEI) does not believe that China will match the US on per capita income on a purchasing power parity basis for another 74 years. The AEI believes the US is still almost 75 years ahead of China when we consider the more important measure of economic output per person. China and the US are both producing about the same amount of economic output this year, but China’s population is 4.25 times the size of the US population (1.355 billion vs. 319 million). Therefore, on a per-capita basis the IMF estimates that the US will produce $54,678 in economic output per person in 2014, which is more than four times the expected per-person GDP in China of only $12,893. The chart above shows that the US produced that amount of real GDP per person (about $13,000) back in 1940, almost 75 years ago.
The American Thinker believes the per capita GDP-PPP parity between China and the USA could be reached by the mid-2030s.
Nextbigfuture believes that although China's per capita income will not match the United States, the top 320 million in China will be at current US levels by 2030.
The top 10-20% of China's population are already wealthier than official figures indicate because wealth is being hidden.
The Euromonitor has a forecast of China to US GDP on a purchasing power parity basis to 2030.
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The richest 25% of people in China will match up to the US population of 370 million on individual wealth basis before 2030
Even if China is only 50% bigger than the USA on an overall GDP basis and the average per capita PPP income in china is less than 45% of the US average per capita PPP. China will have people in the top 25% who will roughly match the individual wealth of the people in the USA. In 2030, China individual wealth will be like a combination of the United States (top 370 million) and then two South Americas (double 500 million populations with lower per capita income to get the bottom billion of China's 1.4 billion).
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The American Thinker believes the per capita GDP-PPP parity between China and the USA could be reached by the mid-2030s.
Nextbigfuture believes that although China's per capita income will not match the United States, the top 320 million in China will be at current US levels by 2030.
The top 10-20% of China's population are already wealthier than official figures indicate because wealth is being hidden.
The Euromonitor has a forecast of China to US GDP on a purchasing power parity basis to 2030.
The richest 25% of people in China will match up to the US population of 370 million on individual wealth basis before 2030
Even if China is only 50% bigger than the USA on an overall GDP basis and the average per capita PPP income in china is less than 45% of the US average per capita PPP. China will have people in the top 25% who will roughly match the individual wealth of the people in the USA. In 2030, China individual wealth will be like a combination of the United States (top 370 million) and then two South Americas (double 500 million populations with lower per capita income to get the bottom billion of China's 1.4 billion).
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