China's GDP per capita Shows long-term goals for moderately developed country levels October 30, 4:37

An important meeting of the Chinese Communist Party closed on the 29th, and set a long-term goal by 2035 to raise GDP per capita = gross domestic product to the level of moderately developed countries.

On the other hand, not shown in human resources leading to the successor of Xi Jinping Jintao, even after the term of office of the year after 習氏 have strengthened the potential to consecutive pitching the top.

The Chinese Communist Party's important meeting "5 Plenary Session", which was held from the 26th of this month, closed on the 29th, and a communiqué summarizing the contents of the discussion was announced.



According to this, a new "five-year plan" will be formulated, which will be the basic policy of economic policy from next year onward, and in order to shift from export dependence mainly on the "circulation" of the domestic economy, domestic demand will be expanded and the supply side will We are planning to promote structural reforms.



In addition, the conference set out long-term goals by 2035 to raise per capita GDP = gross domestic product to the level of moderately developed countries and to become a top-level innovation-oriented nation.



On the other hand, in the term of office of the Communist Party as the top of the Xi Jinping Zemin is approaching to the year after next, human resources leading to the successor is not shown,習氏was strengthened likely to consecutive pitching beyond the year after next.



As the leadership, amid a number of challenges such as a fierce conflict with the United States and the recovery of the economy hit by the new coronavirus, we will raise our centripetal force by setting long-term goals up to 2035 with Mr. Xi's top management in mind. , It seems that there is an aim to solidify the foundation for the long-term administration.

Expected to focus more on fostering high-tech fields to achieve goals

The new "five-year plan" for next year and beyond, presented at this conference, aims for high-quality development while focusing on the domestic economy, aiming to shift from an export-dependent economy and with the United States. It seems that there is also an aim to reduce dependence on foreign countries as the conflict intensifies.



According to the communiqué announced after the closing of the conference, the new "5-year plan" will expand domestic demand and promote structural reforms on the supply side in order to shift from export dependence mainly on the "circulation" of the domestic economy. is.



In addition to this, as a "circulation" of the international economy, it is said that it will promote openness to the outside world to attract foreign investment and promote the "One Belt, One Road" initiative of a huge economic zone, and will connect the two "circulations" to quality. Aiming for high development of the economy.



Behind the fact that the domestic economy is the main body, the United States is trying to cut off its economic ties with China, so-called "decoupling", and the spread of the new coronavirus infection worldwide has led to overseas expansion. It seems that there is also an aim to reduce dependence.



The meeting also set out long-term goals for 2035.


Specifically, it aims to raise GDP per capita = gross domestic product to the level of moderately developed countries and to become a top-level innovation-oriented nation.



Xi Jinping leadership for the realization of a series of plans and goals are expected to put further force to the development of high-tech field.



China is aiming for the world's top level in the high-tech field, such as raising the domestic production rate of semiconductors to 70% by 2025 with "Made in China 2025" launched in 2015, and the United States and China over the hegemony of this field It also triggered a conflict.



For this reason, the US-China conflict in the high-tech field may intensify depending on the specific policies for achieving the plans and goals formulated this time.