China’s surging economy is set to overtake 56 countries in the world’s per-capita income rankings during the quarter-century through 2025, the International Monetary Fund projects.
By that date, China will rank 70th in the world on the metric, putting it close to joining the richest one-third of nations, according to data analysed by Bloomberg from last month’s IMF World Economic Outlook.
The Asian powerhouse is forecast to have per-capita GDP, adjusted for purchasing power, equal to $25,307 in 2025. That will take it past Argentina, one of the richest countries in the world a century ago and now mired