Sinceinitiatingmarketreformsin1978,Chinahasshiftedfromacentrallyplannedtoamarketbasedeconomy.Morethan600millioncitizenshavebeenliftedoutofpoverty,butover170millionpeoplestilllivebelowthe$1.25-a-dayinternationalpovertyline.In2012,China’sGDP(PPP)percapitawas$12,405.67.Thisis37timeshigherthanwhatitwasjust30yearsago.By2018,China’sGDPpercapitawillclimbfromthe90thto75thhighestintheworld.Thishoweverwillstillbebelowtheforecastedworldaverage.