Question

Although China’s total economic output, measured by Gross Domestic Product (GDP), is third largest in the world, it is considered a developing nation. What is most likely the most important factor for this designation

Answer 1

Answer

I will answer it in short

It is the U.N. which decides whether a country is developing or developed or LDC, and if a country is developing it gets benefits like concession in trade etc

That is the reason china doesn't want to give its title where as u.s. is voicing for a status change for india and china