WorldPhoto: HT WorldChina Prefers Developing Status Despite Nearing High-Income Country
China is close to being classified as a high-income country by the World Bank but prefers to remain identified as a developing nation. Beijing benefits from this status by avoiding certain global climate fund contributions and positioning itself as a leader of Global South countries. President Xi Jinping reaffirmed China’s commitment to the developing world during a 2024 UN address. China’s 2025 gross national income per capita is $14,230, just below the $14,375 high-income threshold.
HT World·



