Fastest-growing economy in the world

China is the fastest-growing major economy in the world, and has had the fastest growing major economy for the past 30 years, with an average annual GDP growth rate over 10%. China's per capita income has likewise grown at an average annual rate of more than 8% over the last three decades, drastically reducing poverty. However, this rapid growth has been accompanied by rising income inequalities.

Per capita income

The country's per capita income is classified in the lower middle category by world standards, at about $3,180 (nominal, 104th of 178 countries/economies), and $5,943 (PPP, 97th of 178 countries/economies) in 2008, according to the IMF. China is the largest trading nation in the world and the largest exporter and second largest importer of goods.