The G7 is a group of advanced economies in the world, and China is the second-largest economy in the world but still not a member of the G7. Here the question arises, why China is not in G7? What are the reasons behind it?, will G7 include China in future? Let's understand all the points and conclude why china is not in G7?
China is the most populous country in the world representing, 18% of the world’s population.
China is the world’s second-biggest economy, after the USA in terms of overall nominal GDP and the world's first biggest economy in PPP.
China is the world’s 4th biggest country in terms of area.
China is the second-largest economy in terms of overall nominal GDP however the GDP per capita and wealth per capita of China are very less as compared to G7 member countries. China also lags in Human Development Index, that's why China is not a member of the G7.
China is not a democracy. China is run by a single communist party.
The GDP per capita and wealth per capita of China are far lesser than the G7 countries. The average nominal GDP per capita income of G7 countries is around $45,000, whereas the average nominal GDP per capita income of China is around $9,000.
According to IMF and the world bank, China is a developing country, whereas G7 is a group of advanced developed countries.
In 2019 the president of the Russian Federation, Vladimir Putin had signalled support for the inclusion of China, India, and Turkey if G7 reinstates the Russian membership. There are chances that G7 can include china in future.