"By 2035, we will raise the GDP per capita to the level of developed countries."
These are the long-term economic goals announced by the Chinese leadership in October last year.
In terms of total GDP, it is interpreted as meaning that it will surpass the United States and become the world's largest economic power.
Currently, China's GDP is $1.4 trillion last year, which is 70% of the U.S. GDP of $2.99 trillion.
There is also a forecast that the time of overtaking will not go until 2035.
Bank of America, a global investment bank,
predicts that it will outperform the United States in economic scale by 2028
, given the pace of economic growth in the United States and China
.
● "I will go on the road without shaking"…
The key is'Technology independence and manufacturing powerhouse'
China's leadership announced that it had set the GDP growth rate to '6% or more' this year at both meetings (National People's Congress and China People's Political Consultation), the largest annual political event.
This is lower than previously expected by domestic and international institutions that 8% growth is also possible.
Prime Minister Li Keqiang said,
"The reason we set it above 6% is because it is a favorable environment for taking into account the economic recovery situation and promoting reform, innovation and qualitative growth in each field
.
"
Along with the analysis that it was set conservatively in consideration of various uncertainties such as the corona crisis, various analyzes such as the will to normalize the policy and curb the overheating of the economy, and not to stimulate the United States are coming out.
Bloomberg reported that it is a compromise between the opinion that the number of more than 6% should not be presented with a target value considering qualitative growth and uncertainty, and that without the target value, the confusion of local governments and the like could be aggravated. The level of ambition is low.'
However, in the development roadmap, China has expressed confidence that'they will realize the Chinese dream without shaking the way we will go.'
With the opening of the NPC, China
unveiled a
draft
of the
'14th Five-Year Plan and Enforcement of Long-Term Goals for 2035 (Points)'
.
The draft, written in 19 pages, 142 pages, contained goals and directions in various fields such as economy, society, environment, education, and national defense for the construction of the'Socialist Modern and State'.
The first goal that appeared after the introductory concept, Part 1, is
the self-reliance and self-reliance
of
science and technology
.
China has established technological independence as the basis of national strategy, ▲ artificial intelligence (AI) ▲ quantum communication ▲ integrated circuits (semiconductors) ▲ brain science ▲ genetics and biotechnology ▲ clinical science and healthcare ▲ space, deep sea, polar exploration, etc.7 We decided to devote our capabilities to high-tech science and technology research.
Quantum communication is already being evaluated as being the most advanced in the world, and AI also has the strength of vast data.
Most of the rest are areas where the United States is leading, and it seems to reflect the urgency and confidence to compete with the United States as well as technological independence through large-scale investments and research.
The chapter about gimjongseon Science and Technology of Information and Communication-China Science and Technology Cooperation Center
"In the technological independence plans, China has approached systematically to high-tech development plan from basic research,"
he said
, "is becoming a strong national center nagagetda the will is clear."
I evaluated it.
China has set up a'national laboratory' for high-tech science and technology research, and has set up international science and technology innovation centers in various places such as Beijing and Shanghai to support advanced technology and basic research.
Prime Minister Li Keqiang said in a government affairs report,
"
We
must make a major breakthrough in key areas with the feeling of sharpening only one knife for 10 years
." Said.
In fact, if you look at China's this year's budget, the central government's support for basic research in science has increased by 10.6% from last year.
China did not use the term'Made in China 2025', which the US Trump administration held in check, but
made it clear the goal of
building a'manufacturing powerhouse' and a'quality powerhouse'
.
At the same time, we decided to focus on fostering the eight industries by 2025 in order to strengthen the core competitiveness of the manufacturing industry.
Eight major industries include ▲new materials such as rare earth ▲high-speed rail, large LNG carriers, large-scale passenger aircraft, and other critical technological equipment ▲smart manufacturing and robotics ▲aircraft engines ▲vaidou satellite positioning system applications ▲new energy vehicles and smart cars ▲advanced medical equipment and New drug ▲Agricultural machinery is included.
Hong Kong's South China Morning Post (SCMP) said, "China's refocusing on advanced manufacturing shows the Chinese government's determination to pursue a high-tech transformation in the field.
" "
We
will be able to reduce our dependence on technology
."
● Xi Jinping visualizes long-term power...
What is the internal crackdown plan?
This is the first time that the Chinese leadership has announced a five-year economic development plan and has specifically addressed its long-term development goals.
While Chinese President Xi Jinping is interpreted as a paving stone for long-term power, there is a premise that the Communist Party will continue to power without shaking.
The anxiety factors that threaten this are external threats and fluctuations of internal public sentiment.
China proposed'Development of Advanced Socialist Culture in China' in draft 10, which is a development goal related to culture.
Specifically, it was stated that the
learning education
of'Xi Jinping New Era of Socialist Thoughts of China'
will be developed in depth, and the education of patrioticism, collectivism, and socialism will be strengthened along with education on the history of the Communist Party, the history of the
new Chinese
, the history of reform and opening up and the history of socialism.
In addition, it announced that it will promote the construction of the'Xi Jinping Special Socialist Thought Research Center (won)' and the'Chinese Characteristic Socialist Theory System Research Center' in the goal of developing Chinese philosophy and social science.
This is a situation in which territorial disputes with India and Southeast Asian countries are not ending amid strong US checks, and
internal crackdowns are pursued by reinforcing ideological education related to the Communist Party and President Xi Jinping, justifying the rule of the Communist Party and the current leadership, as well as patriotism and patriotism. It
is analyzed with the intention of
nurturing 黨心)
.
Prior to the opening of elementary, middle and high schools in China, ideology education classes were held in some schools in Beijing and Shanghai on the 1st, in order to'learn the history of the party and realize the ideology' during the first period.
The People's Daily of China reported on the class as "to look back on the history of the party's suffering and to plant the scarlet gene in students."
Regarding the gap between the rich and the poor, which is a major factor in public sentiment, China has set a goal to expand the middle class and supplement the system of redistribution of wealth.
We plan
to adjust the personal income tax rate for high-income people and promote the introduction of real estate tax
.
Real estate has been pointed out as a major cause of the polarization of wealth and has been introduced several times, but it has a significant impact on economic growth and has not been able to materialize strong backlash from vested interests.
The introduction of a real estate tax is likely to be difficult again this year due to confusion and expanding domestic demand, but from the perspective of the leadership, it is an important task that must be solved to prevent the growing dissatisfaction of the people.
Regarding the Hong Kong issue,
he stated that "I will firmly prevent external forces from intervening by
implementing full central sovereignty over special administrative districts,
" and also stated that Taiwan will achieve national reunification by restraining independent forces and dividing activities.
Following the passage of the Hong Kong National Security Law at both meetings last year, the CCP plans to reorganize the Hong Kong electoral system under the logic that ``patriots should rule Hong Kong'' at both meetings this year.
It is expected that the electoral corps of the executive minister and the legislative assembly will increase their pro-China power and make it difficult for the pan-democracy camp to run for election.
Although the United States and Europe have voiced concerns and criticism, China is poised to break through the head-on, saying that it will certainly cut off the anxiety element of the Hong Kong issue, which has been a motive to the outside world.
The 14th Five-Year Plan, which begins this year, is aligned with President Xi Jinping's long-term power.
The Chinese Communist Party will decide whether to serve as President Xi Jinping for the third consecutive year at the 20th Party Congress next fall.
This time, the long-term goal for 2035 was announced together:'Unified leadership is necessary to solidly promote the master plan for realizing the Chinese dream, and to this end, the leadership system centered on the party's central President Xi Jinping must be maintained.' There is an analysis that the idea is laid out.
Interest is growing in how this concept will be realized as it goes through the 100th anniversary of the founding of the Communist Party in July and the Beijing Winter Olympics in February next year.