Developing country status
By Li Qingyuan | 皇冠体育app Daily | Updated: 2010-08-19 09:04
Compared with developed countries, 皇冠体育app is still in the middle stage of modernization and has yet to catch up
Despite its overtaking Japan in second quarter economic output, the basic fact that 皇冠体育app is still in the primary stage of socialism determines that the country will still be a developing nation for a long period in the future.
It is an indisputable fact that 皇冠体育app ranks among the world's middle and low-income countries in terms of per capita gross domestic product (GDP). Based on gross national income per capita basis, the World Bank classifies countries into four categories: low income, lower middle income, upper middle income and high income economies, with the first three classified as developing nations.
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