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Chinanews, Beijing, Sept 19 – Over the past five years, in terms of total economic volume China's ranking in the world has moved from the previous sixth to the fourth position now. Its national income per capita has now ranked China among middle-income countries in the world, according to a report released by the National Statistics Bureau on Tuesday.
The national income per capita in China has almost doubled over the past five years. In terms of national income per capita ranking China had moved from the 132th position in 2002 to the 129th position in 2006. According to the categorization issued by the World Bank, China has changed from a low-income country to a middle-income country. According to official information, if inflation is allowed for, Chinese urban residents' disposable income has grown by more than 7% year on year over the past four years. By the end of 2006, the total savings1 of Chinese urbanites and farmers reached 16.2 trillion yuan, increasing by 7.5 trillion yuan from 2002.
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