One of the reasons for China's real per capita GDP being far lower than that of Taiwan in 2000 was the lack of private property rights in the former nation.

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Private property rights are a fundamental component of a market economy and a key factor determining economic growth. Without well-defined and enforceable property rights, individuals and businesses may be hesitant to make long-term investments and engage in productive activities, resulting in low levels of economic output. In 2000, Taiwan had a well-developed system of private property rights, which helped to foster economic growth and increase its real per capita GDP significantly higher than that of China. In contrast, China's property rights system was less developed at the time and imposed numerous restrictions on property ownership and usage, which hindered economic development.

One of the Reasons for China's Real Per Capita GDP