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China's per capita GDP likely to reach medium-income countries level in '10

By Zhang Jiawei (chinadaily.com.cn)
Updated: 2010-01-21 16:28
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China's per capita gross domestic product (GDP) or gross national income (GNI) is expected to reach $3,400 by the end of 2010, reaching the level of medium-income countries, the website caijing.com.cn reported today, citing Wednesday's remarks of an unnamed official from the National Development and Reform Commission (NDRC).

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China's economy will soon become the world's second largest, but its per capita GNI is still at the level of medium and low-income countries, Caijing reported. However, as the country's economy has been developing at a very fast pace, its per capita GNI is improving quickly as well.

During the 11th Five-Year Plan (2006-10) China's average annual GDP growth rate will reach 10.1 percent, 2.6 percentage points higher than the 7.5 percent level as planned, Caijing reported.
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