'China' point is definitely fair, but they're nowhere near becoming rich in a GDP/capita basis.
China is poorer than Mexico on a nominal and PPP basis.
Poorer than Brazil on a nominal basis.
They're going to have difficulty closing in on Chile, Latvia and Poland there. [1]
On a PPP basis, it's much harder to fathom - they definitely have access to 'cheap goods' so of course their PPP basis is considerably higher, at the same time the quality of most things is very bad, the air is unbreathable in many places, outside major city centres services are problematic and civic dysfunction is still rife.
So the that PPP calculation is tricky, and we know it's also leverage for Brazil just as well.
But also note China does have serious economic 'leaders' that those other countries do not, and, China might treat ethnic and gay minorities poorly, but for women it's not the same. DiDi CEO is a female, and female leadership is normal there.
[1] https://www.worldometers.info/gdp/gdp-per-capita/
China is poorer than Mexico on a nominal and PPP basis.
Poorer than Brazil on a nominal basis.
They're going to have difficulty closing in on Chile, Latvia and Poland there. [1]
On a PPP basis, it's much harder to fathom - they definitely have access to 'cheap goods' so of course their PPP basis is considerably higher, at the same time the quality of most things is very bad, the air is unbreathable in many places, outside major city centres services are problematic and civic dysfunction is still rife.
So the that PPP calculation is tricky, and we know it's also leverage for Brazil just as well.
But also note China does have serious economic 'leaders' that those other countries do not, and, China might treat ethnic and gay minorities poorly, but for women it's not the same. DiDi CEO is a female, and female leadership is normal there.
[1] https://www.worldometers.info/gdp/gdp-per-capita/