GDP per capita is the gross annual market value of production of all goods and services within a country divided by its midyear population. Hence, it has been widely used as a measure for one country's economic development and living standard. Figure 1 below shows annual GDP per capita for China (measure by $USD) from 1999 to 2019, as well as its annual GDP growth rate. Figure 1 Annual GDP per capita and growth rate in China from 1999 to 2019 (Source: World Bank) From: 1999 To: 2019 Zoom: 5Y 10Y 20Y 30Y All 10,000 $10,262 8,000 $,000 GDP Per Capita (US $) 4,000 2,000 20 Annual Growth Rate (%) 10 2.86% 2000 2002 2004 2006 2008 2010 2012 2014 2016 201 2019 Please answer the following TWO questions: 1). Has China successfully escaped from 'Middle-income Trap'? Why? [1 mark] 2). If your answer to questions 1) is 'YES', make some suggestions for further developments/important steps in the future for the Chinese economy. Alternatively, If your answer to question 1) is 'No', describe some ongoing symptoms of Chinese economy for being stuck in the 'Middle-income Trap'. [2.5 marks] [150 words Maximum]