China Eyes Sustainable Growth: A Roadmap to 2035
China aims for an average GDP growth rate of 4.17% over the next decade to become a medium-level developed country by 2035. The plan focuses on technological progress and institutional innovation. The latest five-year plan highlights policy goals like doubling the economy by 2035 and increasing technological self-reliance.
- Country:
- China
China is positioning itself for significant economic growth, aiming for an average annual GDP increase of 4.17% over the next decade. This ambition is part of a broader strategy to elevate the nation to a medium-level developed country by 2035.
The comprehensive growth strategy is underpinned by technological innovations and institutional reforms. According to a recently published official book, these elements are crucial to meeting China's GDP per capita goals, despite an anticipated annual population decrease of 0.2% by 2035.
President Xi Jinping's administration is focusing on building a modern industrial system and boosting technological self-reliance while pivoting towards increased consumption. Analysts suggest China is poised to hit an annual growth target of around 5% this year, driven by policy measures and robust export performance, despite external challenges.
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