A clerk of ICBC bank counts Chinese 100 yuan banknotes as she poses for the camera during a photo opportunity at its branch in Beijing,
April 13, 2016. [Photo/Agencies]
China is set to overtake 56 economies in the world’s per-capita income rankings by 2025,
Bloomberg reported, quoting the projection from the International Monetary Fund on Tuesday.
By 2025, China will rank 70th in the world, putting it close to joining the richest one-third of economies,
according to data analyzed by Bloomberg from last month’s IMF World Economic Outlook.
The Asian powerhouse is to have per-capita GDP, adjusted for purchasing power,
equal to $25,307 in 2025, taking it past Argentina, Bloomberg reported.