Cutting through an overload of information to get to the heart of the story.
This is The Point.
According to the latest World Bank annual GNI report, China remains an upper middle income economy for the year 2025,
but its gross national income per capita has reached $14,230,
in other words, just about $150 short of the high income economy threshold.
Meanwhile, six other economies have moved up the income ladder and no economies have slipped.
So what...
Do the numbers tell us?
How are you affected?
We'll explain all of that, or try to.
Welcome to this special edition of The Point with me, Liu Xin.
I'm pleased to be joined from London by John Ross,
Senior Fellow at the Chongyang Institute for Financial Studies at Ramey University of China.
From Hangzhou in eastern China's Zhejiang province, Liang Yan,
Kramer Chair Professor of Economics at William Met University.
And here in the studio, Zhang Gong, Professor of Economics at the University of International Business and Economics.
We're also joined on the phone from Shanghai by He Weiwen, Senior Fellow at the Center for China and Globalization.
So let's get started and welcome to all of you.
We have a lot of ground to cover.
But first of all, let me go to John.