Ma also said that “the total volume of our economy is expanding, but the per-capita level remains low.”
Ma said China is still a developing country, with about 200 million people in poverty.
China – which earlier Tuesday had posted 7.4% growth for 2014, the slowest in 24 years – has long rebuffed efforts to label it a “developed economy,” a distinction which could have effects on some international treaties with different rules for rich and poor nations.
- China didn’t really pass the U.S. economically (chinadailymail.com)
- Why China’s economy is wobbling (chinadailymail.com)
- China poised to pass U.S. as world’s leading economic power this year (chinadailymail.com)
- China’s rapid growth hits the brakes; slowest in more than a decade (chinadailymail.com)
- Why China will never be Asia’s dominant power (chinadailymail.com)
- IMF follows World Bank in cutting global growth forecast – despite oil boost (theage.com.au)
- IMF cuts 2015 growth projections for world, Japan (english.kyodonews.jp)
- China Says U.S. Still World’s Largest Economy (chinatopix.com)
- IMF Lowers Global Growth Forecast as China Records Slowest Growth since 1990 (ibtimes.co.in)
- IMF follows World Bank in cutting global growth forecast – despite oil boost (smh.com.au)