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  1. nongaddarliberal

    China's (US$8,480) nominal per-capita GDP surpasses Mexico (US$7,993)

    Let's see how they work it out. If it blows up in their faces, good for us. If not, then business as usual.
  2. nongaddarliberal

    China's (US$8,480) nominal per-capita GDP surpasses Mexico (US$7,993)

    And before anyone jumps at me calling me pro chinese, I'm not. Nor am I ignorant of their debt problem. But reaching 8500 USD per capita income is a significant milestone, keeping in mind their per capita income was lower than ours in the 1980s.
  3. nongaddarliberal

    China's (US$8,480) nominal per-capita GDP surpasses Mexico (US$7,993)

    This is actually a significant milestone. Mexico and Brazil are textbook middle income countries, not very poor, not very rich. With catching up with Mexico's per capita income, China has de facto transitioned from a low income to a middle income economy. And I never agreed with the IMF...
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