China's GDP per capita doubled to $6,100 (38,354 yuan) from 2009 to 2012, official data released Friday suggested, reinforcing China's status as a middle-income nation.However, economists cautioned Friday that this rapid growth had not transformed the lives of the Chinese people as a fast-rising yuan and soaring property prices had offset the increase of GDP per capita growth. China's GDP reached 51.93 trillion yuan ($8.31 trillion) in 2012 while its population stood at 1.35 billion by the end of the year, a statistic report released Friday by the National Bureau of Statistics (NBS) showed. That means China's GDP per capita hit $6,100 in 2012, up 12 percent from the previous year when it stood at $5,432 and doubling the level seen in 2009. "The fact that China doubled its GDP per capita in such a short time does not indicate that the actual lives of the public improved. The fast-rising yuan value in recent years helped China achieve a higher GDP per capita in this short span," Zhuang Jian,Burberry Factory Outlet, a senior economist with the Asian Development Bank, told the Global Times Friday. According to the World Bank's standards set in 2011, a country with a per capita gross national income (GNI) between $4,louboutin pas cher,036 and $12,Cheap true religion jeans,475 can be considered an upper middle-income country and a country with income beyond $12,true religion Outlet,476 can be categorized as a high-income economy. For China, the gap between the values of GDP and GNI is so small as to be statistically insignificant."Unfortunately, the increase in China's GDP per capita is not reflected in the level of people's happiness. People feel an increasing burden and less happy because of rocketing prices, especially for real estate," Yuan Gangming, a researcher with the Center for China in the World Economy at Tsinghua University, told the Global Times. "They either cannot afford homes or have to cut down on spending to pay off a mortgage after they buy homes. Ordinary people pay a heavy price for the property bubble," Yuan said. Home prices have also shown signs of increased growth in recent months despite the government's policy to curb speculation on the real estate market. Home prices rose at a quicker pace in major Chinese cities in January, the statistics bureau data showed Friday. Year-on-year, 53 out of the 70 major Chinese cities monitored by the NBS saw house prices rise by 4.7 percent in January, up from the 2.4-percent rise recorded in December. "Instead of trumpeting the improvement of GDP per capita, China should be careful of not falling into the middle-income trap," Yuan said. The term "middle-income trap", a concept introduced by the World Bank in 2006, refers to countries stagnating after reaching middle-income status usually due to an unbalanced industrial structure. "China is at a crossroads now. Traditional engines of growth - investments and exports - have lost their magic due to inefficient spending and subdued global demand," DBS Bank in Singapore said in a research report sent to the Global Times Friday. "Consumption is touted as the next growth driver but concrete steps on how to boost it are lacking. To arrest growth decline,true religion outlet, there is an imminent need to reinvigorate urbanization, which is bound to be the next engine of China's future economic growth,http://www.celinebagmaindesignerart.com/," the report said. China's new leadership pledged to encourage domestic consumption and urbanization to restructuring its economy from excessive reliance on export and investment. "China's current economic condition is testing the wisdom of Chinese leaders. China must learn to bear transitiory pains from restructuring efforts and sacrifice short-term interest for long-term gains,http://www.truereligionsmyladygaga.com/," Yuan concluded.
For some girls, belonging to an illegal armed group gives them a sense of power and control that they may not otherwise experience living in a relatively conservative, machista [chauvinist] society, said , a Care International report about rehabilitating Colombian child soldiers.
He’d have to win through three courses in order to have a chance to battle for the $50,000 grand prize $50,000 that would go straight to Children’s Cancer Research Fund for Julian.
''During this awards ceremony, Director Panetta specifically recognised the unit that conducted the raid and identified the ground commander by name,'' the draft inspector-general report said.
With the Capitol in the background, a person walks through the fallen snow across the National Mall in Washington, Monday . A wide-ranging storm hit the East Coast after blanketing the Midwest and burying thoughts of springtime weather under a blanket of heavy wet snow and slush, though less snow was predicted to fall as the storm moved eastward. JOSE LUIS MAGANA/AP Photo
The students, representing Somerville Middle School, Immaculate Conception School, Bridgewater Raritan Middle School and Branchburg Middle School, were selected by their principals and teachers for academic excellence, outstanding character and contributions to school and a community. Each received $100 as well as certificates from the Elks and local state legislators.
"It's very chilling," Kelly said Tuesday, before Finnerty's body was found. "He led me to a national championship as a true freshman. When I left, coach Martin took over and won two more national championships. My heart goes out to the family and to his beautiful wife."
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