China's GDP per capita reached 70,892 yuan (10,276 U.S. dollars) in 2019, passing the 10,000 U.S. dollars benchmark as the country continues to move toward becoming a "moderately prosperous society" in 2020. But risks, such as the "middle-income trap" and divergence in income distribution between industries and regions, come along with progress and are worth noting. What does this all mean?
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