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China's economy sputters just shy of high-income status

Economic slowdown caused per capita income to grow less than 1% last year

A Prada store in Beijing. Income disparities has widened in China, especially for those living in urban areas.   © Reuters

BEIJING -- China came within a few hundred dollars of attaining high-income nation status last year, according to official statistics released Tuesday, as the economic slowdown and weak yuan blunted individual and corporate incomes.

The World Bank defines a high-income nation as one with a nominal gross national income (GNI) per capita above $13,205. China logged in at $12,608 last year, the National Bureau of Statistics reported.

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