How Long Would It Take And At What Rate Of Growth For China’s Economy To Catch Up With Japan’s.?
Posted by China Sourcing CommentatorAug 5
Anyone know how I would figure this out. I was given no details.
How long would it take and at what rate of growth in % for china to catch Japan’s economy. What about reaching the present japanese per capita income?
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I think China has a larger total output already.
On a per capita basis, Japan is around 33,500 ppp, China at 5,300.
If China grows at 20% a year. and Japan at 1%, China will catch Japan in 2018. But 20% is not likely, lets see what happens at 10%. then we get China finally passing Japan in 2029. And still I suspect China will not grow at that pace for that long, so let’s just say it is not going to happen in the next 20 years anyway.
China’s economy is already bigger than Japan’s.
But per capita income is going to take a long time (assuming Chinese yuan doesn’t rise and Japanese yen doesn’t fall)