A renowned economist has said that the income per capita in China will reach 8,800 dollars in 2020, and may even hit 12,000 dollars, which would enable China to become a high-income country by UN standards.
Justin Yifu Lin, former chief economist at the World Bank, made this remark at the ongoing 3rd Global Think Tank Summit in Beijing on Saturday.
Justin Yifu Lin revealed that China’s GDP in 2020 is expected to be double of that in 2010. Specifically, unskilled workers who now earn an average of roughly 400 dollars annually would see their yearly income rise to 1000 dollars in 2020.
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CRI Online via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/BWqFiEuJw1E/
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