Provinces in China with at least $10,000 GDP (PPP) per Capita Options

[SoCal]

http://en.wikipedia.org/wiki/List_of_China..._GDP_per_capita


↓ in US$ (Nominal as of 2008) ↓ in US$ (PPP as of 2008) ↓ Comparable country ↓

Flag of Hong Kong.svg Hong Kong 30,755 44,413 Flag of Ireland.svg Ireland
Flag of Macau.svg Macau 40,390 30,000 Flag of Slovenia.svg Slovenia
Flag of the Republic of China.svg Republic of China (Taiwan) 17,040 31,892 Flag of Greece.svg Greece




Rank ↓ Province ↓ in RMB¥ ↓ in US$ (Nominal) ↓ in US$ (PPP) [1] ↓ Comparable country ↓
1 Shanghai 73,124 10,537 19,795 Flag of Hungary.svg Hungary
2 Beijing 63,029 9,082 17,063 Flag of Poland.svg Poland
3 Tianjin 55,473 7,993 15,017 Flag of Mexico.svg Mexico
4 Zhejiang 42,214 6,082 11,428 Flag of Iran.svg Iran
5 Jiangsu 39,526 5,695 10,700 Flag of Costa Rica.svg Costa Rica
6 Guangdong 37,588 5,416 10,175 Flag of Brazil.svg Brazil

[sinraptor]

they must be so expensive to live in now

[Made in China]

I think Shenzhen in Guangdong province was the first city in China to meet IMF's defintion of a "developed city" in 2006.

IMF's definition of a "developed city" is GDP per capita > $10K

This post has been edited by Made in China: Sep 25 2009, 12:47 PM

[Sampanviking]

I think some of these conversion rates need taking with a pinch of salt somehow.
Only a few years ago, the PPP of the RMB against the dollar was about 4:1 this was revised downwards sharply in about 06/07 to between 2 and 3, but to find figures of less than 2 is rather dubious.

The PPP will also vary throughout the country, being larger in undeveloped areas and less in the more advanced. You can use the national average for the whole country, but it is useless for a regional examination. Its a good illustration of the dangers of using wiki in all there glory!!

[Evertonite]

In fact these cities may be even richer than the figures quoted above. Since the RMB - Dollar rate is lower than what it could be.

[African]

In fact these cities may be even richer than the figures quoted above. Since the RMB - Dollar rate is lower than what it could be.

Really

[tigeryoung]

Really

China is still a poor country in term of unit GDP per person. It ranks more than 100th in the world.
There is a long way for China to go before catching up with the USA and even if it overtakes the latter in GDP by 2030 as some experts predicted.

[retaxis]

i think you better recheck the data. I live in Tianjin and its one of the poorest cities in China

[matigasngulo]

http://www.reuters.com/article/idUSWEN960720100203

On China, Obama says US must address currency rates
Wed Feb 3, 2010 10:43am EST

WASHINGTON, Feb 3 (Reuters) - President Barack Obama said on Wednesday China and Asia would be a huge market for U.S. exports going forward but it would be important to address currency rates to ensure American goods were not facing a disadvantage.

"One of the challenges that we've got to address internationally is currency rates and how they match up to make sure that our ... goods are not artificially inflated in price and their goods are artificially deflated in price," Obama told senators from his Democratic party.

"That puts us at a huge competitive disadvantage."

what do you think China should do ? Go along, using it as an excuse to stop buying Treasuries ? Or lower the yuan value / peg even more ?

[hcl]

China should spend its currency reserves by giving the bulk to the citizenry. (E.g., give each citizen a voucher to purchase 10,000 RMB of foreign goods.) This may be arranged without much difficulty.

[matigasngulo]

China should spend its currency reserves by giving the bulk to the citizenry. (E.g., give each citizen a voucher to purchase 10,000 RMB of foreign goods.) This may be arranged without much difficulty.

That's a great idea, just and will be most profitable for the citizenry. But it doesn't fulfill the need of domestic stimulus or strategic influence.

[togepi]

China should spend its currency reserves by giving the bulk to the citizenry. (E.g., give each citizen a voucher to purchase 10,000 RMB of foreign goods.) This may be arranged without much difficulty.

Erm I hope you're joking ...someone needs some lessons in economics.

Giving away 10K CNY to everyone will just cause inflation, people will raise the prices in their shops because if they don't they know they will run out of stock.

The best thing for China to do with it is SAVE and INVEST (actually savings=investment [I am an economics student ]) this will increase the long term prosperity of China, there is also the problem of ageing society: healthcare and social security costs will rise.

Don't be like the Americans who didn't save anything and fettered away the fruits of their labour, it is why Toyota and Honda (lots of savings to invest in businesses and technology in Japan) overtook GM, Ford, Chryser (no savings ).

This post has been edited by togepi: Apr 13 2010, 09:17 AM