Improve quality of growth

Despite its colossal size, China's per capita GDP still lags behind that of some developing countries, not to mention developed ones

If calculated according to purchasing power parity, China is poised to overtake the United States as the world's largest economy in the course of this fiscal year, six years earlier than previously estimated, the World Bank's International Comparison Program said last week.

At a news conference days earlier, an official from the National Development and Reform Commission said that China's current per capita GDP exceeds $6,700 and thus it falls into the category of a medium-to-high income country. He also said China will likely rank as a high-income country if it can do just a little better during the next Five-Year Plan period (2016-20).