Date
25 April 2018

OECD sees China as a high-income country by 2026, paper says

The Organization for Economic Cooperation and Development (OECD) expects China to become a high-income country by 2026 at the earliest, China Business News reported Wednesday, citing an official report. If China undertakes radical economic restructuring, it could join the group of high-income nations by 2026, the report said. The OECD estimates that China’s gross domestic product growth will average 7.7 percent from 2014 to 2018 when the country shifts to a consumption-led economic model, the report said.

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