Newsy.com: China is the number 2 economy in the world

Rightrdia was one of the first blogs to cover this story. The Chinese wish to remain under the cover of a 'developing nation' because they will not have to comply with international treaties that apply the other industrial nations.

Although the Chinese GDP puts it in the number two position, its per capita income is that of a third world nation.The average international per capita is around $5,000. Chinese workers have per capita incomes estimated to be between $2900 and $3600.

The other ways to look at a nation's economy such as the Gross National Product (GNP). The Gross National Product (GNP) is the total dollar value of all final goods and services produced for consumption in society during a particular time.

Gross national income (GNI) comprises the total value produced within a country (i.e. its gross domestic product), together with its income received from other countries (notably interest and dividends), less similar payments made to other countries.


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