Are People in China Now Substantially Richer Than People in Mexico?
BY DEAN BAKER
Photograph Source: Esparta Palma – CC BY 2.0
That would be the implication of a claim about China’s population reported in Peter Coy’s NYT column. Coy cites the views of Yi Fuxian, an expert on China’s demography. According to Yi, China’s published statistics overstate birthrates and population. Yi puts China’s current population at 1.28 billion, almost 10.0 percent less than the official figure of 1.41 billion.
If Yi is correct about China’s population, and China’s GDP has been measured accurately, then it would mean that its per capita GDP would be roughly 10.0 percent higher than current estimates. The I.M.F. puts China’s per capita for 2023 GDP at $19,073 in international dollars. That is a bit less than Mexico’s figure of $19,430.
But...