http://www.tradingeconomics.com/china/gdp-per-capita

China's consumer prices rose 1.2 percent year-on-year in April of 2017, following a 0.9 percent rise in March and slightly above market consensus of a 1.1 percent gain. It was the highest inflation rate since January, as cost of non-food rose at a faster pace and cost of food fell less than in a month earlier.

http://www.tradingeconomics.com/china/inflation-cpi

Yet China remains a developing country (its per capita income is still a fraction of that in advanced countries) and its market reforms are incomplete. According to China’s current poverty standard (per capita rural net income of RMB 2,300 per year in 2010 constant prices), there were 55 million poor in rural areas in 2015.     

Rapid economic ascendance has brought on many challenges as well, including high inequality; rapid urbanization; challenges to environmental sustainability; and external imbalances. China also faces demographic pressures related to an aging population and the internal migration of labor.

Significant policy adjustments are required in order for China’s growth to be sustainable.  Experience shows that transitioning from middle-income to high-income status can be more difficult than moving up from low to middle income.

China’s 12th Five-Year Plan (2011-2015) and the newly approved 13^th Five-Year Plan (2016-2020) forcefully address these issues. They highlight the development of services and measures to address environmental and social imbalances, setting targets to reduce pollution, to increase energy efficiency, to improve access to education and healthcare, and to expand social protection. The annual growth target in the 12^th Five-Year Plan was 7 percent and the growth target in the 13^thFive-Year Plan is 6.5 percent, reflecting the rebalancing of the economy and the focus on the quality of growth while still maintaining the objective of achieving a “moderately prosperous society” by 2020 (doubling GDP for 2010-2020).

http://www.worldbank.org/en/country/china/overview#1

China's youth population will actually have shrunk by a quarter over those seven years, to 181 million, but the number of young people without jobs will have dropped by only 1 million over the same period.

Azita Berar-Awad, director of the ILO’s employment department, said slower growth meant fewer jobs for young Chinese who had migrated to the cities, but a surfeit of graduates was also to blame.

"They've had an explosion of university graduates in the past so many years, with investments in universities, and not all these qualified young people find jobs that meet their qualifications, even in a growing economy like China," she said.

In some other countries, more people going to university has helped reduce youth unemployment, as young people leave the labour market.

http://uk.reuters.com/article/uk-employment-china-idUKKCN0S22QI20151009