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Tianjin GDP reports China's fattest growth in 2011 to RMB1.1
Published on: 2012-01-30
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Tianjin GDP grew 16.4 percent to RMB1.1 trillion  in 2011, according to the provincial government’s report. Tianjin's GDP per capita reached US$12,000.

In 2012, Jiangsu (80 million), Zhejiang (56 million), Inner Mongolia (25 million) should be over US$10,000 GDP per capita. They will join Shanghai (23 million), Beijing (20 million), and Tianjin (13 million) with GDP per capita over US$10,000.

Liaoning (44 million) and Guangdong (105 million) should get over the US$10,000 per capita level in 2013. Shandong (96 million) and Fujian (37 million) should get over the US$10,000 per capita level in 2013 or 2014.

Getting over US$12,000 per person in 2010 dollars is the level where a country is believed to exceeded the level of a middle income trap.

Shanghai, Beijing and Tianjin are all over the US$12,000 per capita level as of the end of 2011. The other provinces should clear the US$12,000 per capita levels 1 to 2 years after they clear the US$10,000 per capita levels.

By 2015, China should have provinces with a combined population of about 500 million with per capita GDP over US$12,000. I am projecting all of China to have a per capita GDP of about $9000-10000 in 2010 US dollars in 2015.

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