U.S. Will Still Have Double China’s Per Capita Income by 2061
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The U.S. will still have more than double China’s per capita income by 2061 even as Chinese income levels are tipped for more rapid growth.
A study by the Federal Reserve Bank of Minneapolis found China’s income per person will grow by two to three times the U.S. pace over the next half century. But that pace will still leave income levels in China at half those of the U.S., underscoring the gap between the world’s two biggest economies.