China’s Economic Hurdles: Falling Short of High-Income Status
China faces significant economic challenges as it diverges from the World Bank’s high-income country threshold. In 2023, its per capita gross national income (GNI) slightly fell to $12,597, marking the first decline in dollar terms in nearly 30 years. This drop places China 9% below the revised high-income category minimum of $13,846, signaling a setback […]