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Economy

China on verge of high-income status after wealth measure jumps 20%

COVID recovery and strong yuan drive GNI gains, but inequality still a challenge

A Prada store in Beijing. Income disparities has widened in China, especially for those living in urban areas.   © Reuters
IORI KAWATE, Nikkei staff writer | China

BEIJING -- China's per capita gross national income grew by a fifth in 2021, according to government data released Monday, coming within striking distance of the World Bank's threshold for a high-income country.

Chinese GNI rose 20% in nominal terms to $12,438 per capita. The World Bank regards $12,695 as the minimum line for a high-income country.

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