Belmont Club

By Richard Fernandez

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Deficits both political and economic

November 13, 2008 - 1:44 pm - by Richard Fernandez
mika2k1
2008-11-13 22:26:47

peterike,

“The average annual income per capita differs enormously between urban and rural areas. For 2003 the urban figure was RMB 8,472 (US$ 1,058) while the same figure for rural areas was RMB 2,622 (US$ 328)” via: http://www.chinasavvy.com/services/china-facts.php
Calculate 10% compound growth, and you’re looking at maybe double that income for 2008.