China still a developing country despite fast GDP growth

"China's GDP growth has remained relatively fast in recent years with expanding aggregate economic volume and fruitful development. However, it must be noted that China's economy still has problems," he said.

GDP, one of the major indexes measuring national economic performance, was certainly not the only indicator, he said.

"According to data from international organizations like the International Monetary Fund, China ranks around 100th worldwide in terms of per capita GDP, which is barely half the world's average, " said Ma.

China still has a population of 150 million people below the UN poverty line of $1 a day per person, he said.

The government would continue to deepen economic cooperation with nations around the world to advance common development; Kazinform cites China Daily.

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