“China’s GDP(PPP) per capita is $8,382 in 2011.
The United States GDP(PPP) per capita is $48,387 in 2011.
The average Chinese is very poor compared to the USA.”
Wow, I didn’t realize they were even that close to catching us. Considering that their population is 4 times ours, their GDP is now very close to ours.
I guess they’ll overtake us even sooner than I thought.
China’s fertility rate keeps decreasing.
In 1970 China had a 5.5 fertility rate.
In 1990 China had a 2.3 fertility rate.
In 2010 China had a 1.6 fertility rate.
China is having more deaths and less births.
By 2050 China will have less than 1 billion people.
“Wow, I didn’t realize they were even that close to catching us. Considering that their population is 4 times ours, their GDP is now very close to ours.”
I guess they’ll overtake us even sooner than I thought.
Their workforce crested 3 years ago.
Median age in China: 35.5
Median age in the United States: 36.9
Percentage 0-14 (US) 20.1
Percentage 0-14 (CH) 17.6
I suspect the age at which the US and Chinese populations are balanced is around 18, 19 or so. The US has more children and adolescents as a percent of the population than China.
The only reason why China isn’t older than the US, is because they have more 20-30 year olds as a percentage of the population and more 40-50 year olds (and fewer 60+), about half that of the US.
What’s going to happen when the 50 year old folks become 60, and there’s no one to replace them?