søndag 25. oktober 2020

What will China’s next GDP target be?

China’s economic growth rate should be between 5 and 6 per cent in the next few years, a number of studies published ahead of a key policy meeting have concluded. Despite the disruption caused by the Covid-19 pandemic and deteriorating relations with the United States, the country’s economy still appears to be on course to grow this year after third quarter GDP rose by 4.9 per cent, making it the best-performing economy in the world.

This has helped to fuel optimism in Beijing that the country’s economy will continue to roar ahead in the coming years. This week the Communist Party’s Central Committee will meet in Beijing for the plenary session that will endorse the next five-year development plan and its economic road map through to 2035.