Is China going to be a developed nation in the next 15 years
It isn't now ?
They are already developed.
not even close at this point - they are developing, but no where close to absorbing all or even most of the available labor
It looked pretty advanced when I was there last year.
They are a Communist country. Isn't that how a nation is defined as developed in 2017?
No and it is at this point mostly capitalist
Can't really call them communist, if anything they are more capitalist than we are.
going to take far longer than 15 years - still hundreds of millions of people living in rural areas that won't be touched for a generation