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India Questions China's Developing Country Status
Business Standard
|January 05, 2022
According to per capita income level, the Chinese economy belongs to 'upper-middle income' category, argues India
India and China have mostly set aside their bilateral differences in order to champion the cause of developing countries at the World Trade Organisation (WTO). That seems to be changing.
During the latest round of China's trade policy review, India questioned its northern neighbour's claim that it was a developing country, since, going by the World Bank's definition, its per capita income belongs to that of an upper middle income country.
This story is from the January 05, 2022 edition of Business Standard.
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