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China was defined as an upper-middle-income country with a per capita income of ,410 in 2019, according to the National Bureau of Statistics. The World Bank defines a high-income country as one with a per capita income above ,056.
China will also strengthen the creation, protection, and application of intellectual property to foster a culture of innovation, reads the report.
China started a pilot program for non-performing asset securitization in 2016, allowing five state-owned banks and China Merchants Bank to repackage non-performing assets into securities to meet the demand of investors with different risk preferences.
China may see an upward trend in foreign direct investment inflow in the year's second half, business leaders and analysts said on Monday. The reason is that global companies remain bullish on further tapping the world's largest lucrative market, which has strong policy support and resilience, they said.
China will allocate 106.1 billion yuan (about .8 billion) in funding for poverty alleviation work in 2018, some 20 billion yuan more than last year, said Liu Yongfu, director of the State Council Leading Group Office of Poverty Alleviation and Development.
来源：资阳报