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Between 1990 and 2011, China lifted 439 million people out of poverty, making not only a great change in the life of the Chinese people but also significant contribution to global peace and development. Inspiring the world with its development path, China has helped the international community to share its experience in poverty alleviation.

Xi noted that this year marks the start of the second decade of the comprehensive strategic partnership between the two countries, saying he hopes to have in-depth exchange of views with British leaders on bilateral relations and major international and regional issues.

Xi suggested that the two sides lift the status of bilateral ties, beef up inter-party, parliamentary, sub-national and people-to-people exchanges, and deepen cooperation within such multilateral frameworks as the Shanghai Cooperation Organization and the United Nations, so as to increase political mutual trust and enrich their relationship.

The middle income trap occurs when a country's growth plateaus and eventually stagnates after reaching middle income levels. China became a middle income country in 2012 after its per capita GDP exceeded 5,000 U.S. dollars, according to the National Bureau of Statistics.

"The living standards for people of all ethnic groups have improved considerably... [The region] has achieved the shift from poverty to a well-off society in general, and is striding forward to an all-round well-off society," Yu said, citing the nine-year compulsory education which has covered urban and rural areas, better medical services, and the protection of culture and custom of ethnic minorities.