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China Close to Attaining High-Income Status – Nikkei

China’s GNI jumped 20% in nominal terms to $12,438 per capita against the World Bank’s threshold of $12,695 for a high-income nation


china gross national income
A man walks past a Burberry store in Beijing. Photo: Reuters.

 

Last year, the per capita gross national income (GNI) of China grew by a fifth, which is close to the World Bank’s benchmark for a high-income country, Nikkei reported, citing government data.

China’s GNI jumped 20% in nominal terms to $12,438 per capita. The World Bank has set $12,695 as the threshold for a high-income nation.

 

Read the full reportNikkei Asia

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.