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China’s transformation from rags to riches isn’t over yet

China’s transformation from rags to riches isn’t over yet
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China’s transformation from rags to riches isn’t over quite yet.

Thanks to economic reforms put in place by Deng Xiaoping from the seventies that set off rapid industrialization and urbanization, the China miracle is set to continue with its per capita GDP seen rising to 64th out of 166 countries by 2022, up from being the 133rd-poorest in 1992 — on par with Haiti and with over half its population living on less than $2 a day.

To read the full story https://www.bloomberg.com/news/articles/2017-06-25/there-s-no-end-in-sight-for-china-s-rise-up-the-gdp-rankings?cmpid=socialflow-facebook-asia&utm_content=asia&utm_campaign=socialflow-organic&utm_source=facebook&utm_medium=social
SOURCE: Bloomberg

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