There are roughly 2 Chinese cohorts. The bottom 40% generating 5% of GDP, and the other 60% generating 95%. This composition and cohort effects converge per-capita metrics, distort per capita base of productive (young, educated, skilled) PRC cohorts that's going to stick around longer than unproductive (old, not). The 40% group is statistic drag on national per capita average, but will be disproportionately the first ones the die. Bluntly is they'll simply die poor, but likely taken care of, because keeping them poor (hukou) has the side effect of making them cheaper caretake/support.
What this means is the 60%, i.e. largely the newer generations are already at 20000 usd per capita, 40000 by PPP (obviously naive per capita doesn't map to actual spectrum household #s). This also means they generate disproportionate amount of economic activity, i.e. they're responsible for 90%+ of annual growth, growth calc from bigger per capita base. AKA one tertiary educated skill worker making per capital replace 6+ rural farmers/informal economy workers - high skill demographic dividend more than offsets net low population loss concentrated in under productive cohorts.
Structurally all PRC has to do for aggregate population to do well in the future... is for natural mortality to cull those that aren't doing well from statistics in the coming decades. Because most are already doing "well", Reality is T1/T2 cities already have basically developed country life expectancy (80+ years), we can wank about "advanced" healthcare all you want but whatever they're doing is working. And LBH the only reason it's not higher is Chinese men love their smokes. And LB even more honest, they're just spinning up their pharma sector, they will have access to leading treatments on the cheap once sector matures, like they get everything else cheap after indigenization, i.e. out of pocket MRIs are cheap now.
To broadly speculate on PRC per capital GDP trends, this is not economic prognosis but more exploring statistical composition effect for those insisting on using per capital GDP as metric. The TLDR is many scenarios where PRC growing at 3-5% gets them upper high income per capita stats in a few decades:
What we will likely see is PRC is going to continue grow at 4-5% and eventually slap the FX lever, i.e. appreciate rmb 20-30% after they've build out enough industrial sectors to make western incumbents uncompetitive. Statistically, Over time, greater mortality of low-productive cohort = PRC per capital will converge with T1/T2, i.e. skilled worker income. Again effectively already 20k+ /w 3-5% growth over next 25 years gets 42-68k before PPP adjustments by 2050... AKA Xi's "modest prosperous society". Of course we don't know what US/OECD per capita will be by then to compare. Throw in FX switch they can that that with either less growth or end up with higher income, 50-90k 2011 international dollars... BTW modest 5% growth + FX movement combo was how any serious projection on PRC > US GDP, literally no one thought PRC would continue growing at 10%+ because that's retarded expectation. Hence it would be very easy, for PRC to hit reasonable high income levels in the future. It's already statistically forgone/inevitable that future per capital GDP is going to be 2x what it is now, that's demographically baked due to income disparity between generations, the real confounding factor is how much/long of the low productive 600m sticks around to drag down stats, i.e. at current mortality rate there's going to be 300m disproportionate poor dragging down stats by 2050, and maybe none by 2075.
It's hard to take your comments seriously when you don't know the basic numbers. LKQ revealed during covid that 600m in PRC has income of 1000rmb per month -> 1500 USD per year, aka 600m (40% of 1.4B) generates 900b of of 19000B economy -> <5%. Maybe a few % higher if he's referring to disposable income. And since their base is 1:10 national average, realistically 1:20 top 60%, their net contribution likely to shrink even more with time. This is 101 PRC economy/demographics stuff, instead of accusing others of making up basic knowledge, maybe you should... brush up on basic subject matter stuff. Like how PRC passing US nominal GDP is predicated on modest growth and FX adjustments.
What this means is the 60%, i.e. largely the newer generations are already at 20000 usd per capita, 40000 by PPP (obviously naive per capita doesn't map to actual spectrum household #s). This also means they generate disproportionate amount of economic activity, i.e. they're responsible for 90%+ of annual growth, growth calc from bigger per capita base. AKA one tertiary educated skill worker making per capital replace 6+ rural farmers/informal economy workers - high skill demographic dividend more than offsets net low population loss concentrated in under productive cohorts.
Structurally all PRC has to do for aggregate population to do well in the future... is for natural mortality to cull those that aren't doing well from statistics in the coming decades. Because most are already doing "well", Reality is T1/T2 cities already have basically developed country life expectancy (80+ years), we can wank about "advanced" healthcare all you want but whatever they're doing is working. And LBH the only reason it's not higher is Chinese men love their smokes. And LB even more honest, they're just spinning up their pharma sector, they will have access to leading treatments on the cheap once sector matures, like they get everything else cheap after indigenization, i.e. out of pocket MRIs are cheap now.
To broadly speculate on PRC per capital GDP trends, this is not economic prognosis but more exploring statistical composition effect for those insisting on using per capital GDP as metric. The TLDR is many scenarios where PRC growing at 3-5% gets them upper high income per capita stats in a few decades:
What we will likely see is PRC is going to continue grow at 4-5% and eventually slap the FX lever, i.e. appreciate rmb 20-30% after they've build out enough industrial sectors to make western incumbents uncompetitive. Statistically, Over time, greater mortality of low-productive cohort = PRC per capital will converge with T1/T2, i.e. skilled worker income. Again effectively already 20k+ /w 3-5% growth over next 25 years gets 42-68k before PPP adjustments by 2050... AKA Xi's "modest prosperous society". Of course we don't know what US/OECD per capita will be by then to compare. Throw in FX switch they can that that with either less growth or end up with higher income, 50-90k 2011 international dollars... BTW modest 5% growth + FX movement combo was how any serious projection on PRC > US GDP, literally no one thought PRC would continue growing at 10%+ because that's retarded expectation. Hence it would be very easy, for PRC to hit reasonable high income levels in the future. It's already statistically forgone/inevitable that future per capital GDP is going to be 2x what it is now, that's demographically baked due to income disparity between generations, the real confounding factor is how much/long of the low productive 600m sticks around to drag down stats, i.e. at current mortality rate there's going to be 300m disproportionate poor dragging down stats by 2050, and maybe none by 2075.