Opening-up in the upper middle-income stage: Implications from international experiences
After rapid economic growth lasting more than 30 years, the People’s Republic of China (PRC) has stepped into the upper middle-income stage. The country’s gross domestic product (GDP) per capita reached $6,416 (constant 2010 dollars) in 2015, equivalent to $13,400 in international dollars under purchasing power parity (constant 2011 international dollars).