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Chinese Ambassador to Britain Liu Xiaoming speaks at the Standard Chartered Summit. [Photo provided to chinadaily.com.cn]
Chinese Foreign Ministry spokesperson Hua Chunying made the announcement on Sunday.
China's visionary leadership has ensured a remarkable ascent for its political and economic fortunes. Through economic innovation in the early 1980s, China reestablished itself with strength and dignity. The 1978 reforms and opening-up helped the country to become the world's largest economy in 2014, surpassing the United States in terms of GDP based on purchasing power parity. PPP is a method used to determine the relative value of two currencies.
China's policies to counter an economic slowdown have already started taking effect, as seen in the average 9.4 percent annual GDP growth during the past four decades with very moderate volatility, Liu said at a forum held by the National School of Development of Peking University on Saturday.
China's poverty line is around 4,000 yuan, with the exact amount adjusted from place to place in line with purchasing power parity.
来源：资阳报