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Between 1988 and 2008, in adjusted 2005 PPP prices, the average per capita income in China grew by 229 percent – ten times the global average of 24 percent, and far ahead of the rates for India (34 percent), as well as other Asian economies (68 percent)<ref>[https://openknowledge.worldbank.org/server/api/core/bitstreams/ed8d4ff4-8768-5c79-8266-1d151eff85b9/content Global Income Distribution, From the Fall of the Berlin Wall to the Great Recession - Christoph Lanker, Branko Milanovic, p27]</ref> Per capita income in China doubled in the decade from 1980, whereas it took Britain six decades to achieve the same after the Industrial Revolution in the late eighteenth century and America five decades after the Civil War.<ref>Jude Woodward. The US vs China: Asia’s New Cold War? Geopolitical Economy. Manchester: Manchester University Press, 2017, p42</ref> | Between 1988 and 2008, in adjusted 2005 PPP prices, the average per capita income in China grew by 229 percent – ten times the global average of 24 percent, and far ahead of the rates for India (34 percent), as well as other Asian economies (68 percent)<ref>[https://openknowledge.worldbank.org/server/api/core/bitstreams/ed8d4ff4-8768-5c79-8266-1d151eff85b9/content Global Income Distribution, From the Fall of the Berlin Wall to the Great Recession - Christoph Lanker, Branko Milanovic, p27]</ref> Per capita income in China doubled in the decade from 1980, whereas it took Britain six decades to achieve the same after the Industrial Revolution in the late eighteenth century and America five decades after the Civil War.<ref>Jude Woodward. The US vs China: Asia’s New Cold War? Geopolitical Economy. Manchester: Manchester University Press, 2017, p42</ref> | ||
Continuing to steadily climb, showing that the Tendency of the Rate of Profit to Fall is not demonstrated in China, as China has continued to industrialize and increase roboticization. | Continuing to steadily climb, showing that the Tendency of the Rate of Profit to Fall is not demonstrated in China, as China has continued to industrialize and increase roboticization. |