Jan 17, 2022 11:49 AM (GMT+8) · EqualOcean
Ning Jizhen, director of the National Bureau of statistics, said at a press conference today that the total economic output reached 110 trillion yuan, which is indeed a landmark event, and the per capita GDP has increased accordingly. However, China is still in the ranks of upper middle-income countries, and the per capita GDP has not yet reached the lower limit standard of high-income countries, which still lags far behind the developed countries. China is still the largest developing country in the world. Its basic national conditions, which are in and will be in the primary stage of socialism for a long time, have not changed. The problem of unbalanced and insufficient development is still prominent. At present, it is still facing the triple pressure of shrinking demand, supply shock and weakening expectation.

This text is a result of machine translation.