China’s Economy Needs to Double in Size to Meet Xi’s Ambitious Plans
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President Xi Jinping’s renewed pledge to grow China into a “medium-developed country” by 2035 implies a doubling in the size of the economy from 2020 levels, economists said, a challenging goal given the nation’s slower growth path.
Xi said in his report to the Communist Party congress on Sunday that per-capita gross domestic product will take a “new, giant leap” to reach the level of a medium-developed country by 2035.