On January 17, Ning Jizhe, Director of China's National Bureau of Statistics, announced that the country's gross domestic product had reached 99.1 trillion yuan ($14.3 trillion) in 2019, and that per capita GDP surpassed $10,000.
This landmark carries significant symbolic importance: economists would now consider China a middle-income country, whose inhabitants have enough money day-to-day and limited disposable income.
