Economics
China Says It Needs 4.7% Annual Growth to Reach 2035 GDP Target
In late October, top Chinese leaders discussed the 14th Five-Year plan for 2021-2025 as well as the long-term development vision for 2035.
Photographer: Yan Cong/BloombergThis article is for subscribers only.
A Chinese official said the country’s average annual growth needs to reach 4.73% to achieve a 2035 target of doubling the size of its economy.
China has the conditions to meet the goal, said Yang Weimin, deputy director of an economic committee under the nation’s top political advisory body.