China 'to be in top income club in 10 years'
China Daily/Asia News NetworkBEIJING -- China will likely become a high-income country in 10 years, if the agricultural modernization process is able to sustain the country's economic development, a senior policy adviser said on Thursday.
February 23, 2013, 12:01 am TWN
“By the end of 2022, the average per capita GDP is expected to rise to US$12,000, from last year's US$6,000,” said Zheng Xinli, vice-chairman of the China Centre for International Economic Exchanges, a government think tank.
Last year, China recorded a GDP of 51.93 trillion yuan (US$8.13 trillion), up 7.8 percent year-on-year. Meanwhile, the population expanded to 1.35 billion, the National Bureau of Statistics said.
The average per capita income was about US$5,600 in 2011 and US$4,277 in 2010, according to NBS data.