# Professor Michael Spence discusses China's economic outlook

1 Faculty News January 27, 2016 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg_0.jpg?itok=qy2YlnxP)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/videos/2016-01-28/china-s-economic-transformation-beyond-the-numbers) -- "So I'm thinking, in 10 years, China will have a per capita income of like $20,000, which puts it in the high income, advance country category... If they get there. You can always have a sudden stop. That can occur anywhere."

[Watch the video](http://www.bloomberg.com/news/videos/2016-01-28/china-s-economic-transformation-beyond-the-numbers)