But China’s per capita GDP is not dominant. According to another study of ancient Chinese GDP Beloch pioneer of research results, China’s per capita GDP in 1840 dropped to 206 U.S. dollars, compared to 447 U.S. dollars the United Kingdom, France, 310 U.S. dollars, U.S. dollars in Japan, l78. Madison is much more optimistic estimates, calculated according to constant 1990 dollars, per capita GDP in the year 450 the first year to l000 in U.S. dollars, 1300 to 1820, was 600 dollars.
Madison gives the figures show that in 1880 China and the U.S. share of world GDP, the share is the same, are 14%, and since then, China’s share of total world GDP, steadily, and in 1913 8.9 China % United States 19.1%; in 1950, China 4.5%, U.S. 21.2%; 4.6% in 1973 China, the United States 22%. Increase and decrease, the reasons for devaluation during the Qing Dynasty’s blind arrogance, false pride and conservative scholar, to heavenly kingdom itself, but could not see the Western world has had the industrial revolution, the rise of the changing situation after another. First, arrogant, unwilling to change, after the aggression, civil war, year after year, then China has repeatedly missed opportunities.
China’s economic modernization has missed a historic opportunity three times, the first in 1793 missed the first opportunity for the spread of the industrial revolution; second time was from 1842 to 1860 started the second industrial revolution missed opportunities; the third time the opportunity is from 20 century to the mid 50s mid 70s, is the world’s economic growth “golden period”, is the third industrial revolution, technology transfer period. The missed opportunities, so that the economic gap between China and Japan widened significantly.
