When you’re the worlds 2nd largest economy, technologically advanced, and exerting geopolitical influence like a superpower, it’s somewhat comical to declare yourself a developing nation incapable of participating in global commerce without your shipping costs being subsidized by everyone else.
> “Their economy size is second only to that of the United States. [The] United States is treated as a developed country, so should PRC,” Kim said. “And is also treated as a high-income country in treaties and international organizations, so China should also be treated as a developed country.”
And CCP also usually paints PRC superior to US in everything so it's kind of their choice too...
High income != developed. There are different metrics.
Overall GDP very high, GDP PPP per capita middling, incomes highly disparate, etc. Developing status becomes kinda subjective and this particular move is not insane. Sadly it's unlike many many other moves.
