Focus topics

China’s ‘middle-income trap’

The message was so important to Xi Jinping that he sent it over state media: After carefully calculating the economic development capabilities and conditions, the state and party leader announced that it was entirely possible to double the per capita income of Chinese people, and thus the country’s economic output, by 2035. The CP Central Committee would evaluate the experience of building a “moderate prosperity society” 小康社会(xiaokang shehui) by the middle of next year, “and then announce that we have achieved this goal,” Xi said.

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