China will need to maintain average annual economic growth of 4.17% over the next decade to achieve its goal for per capita GDP to reach the level of a “mid-level developed country” by 2035, reports Caixin. This target was detailed in an official study guide explaining a key proposal from the Fourth Plenary Session of the 20th Communist Party Central Committee.
The guide clarifies the metrics for the long-standing 2035 ambition, rooting it in benchmarks from 2020, the year the goal was first introduced.
This official clarification provides a concrete benchmark for China’s long-term economic path, anchoring its next two five-year plans to a specific growth target amid demographic shifts and global economic uncertainties.