President Xi Jinping defined 2020 as a key milestone on the journey of realising his “Chinese dream”, which includes making China a “basically modernised socialist country” by 2035 and a “powerful” socialist country by 2050. Photo: Xinhua
President Xi Jinping defined 2020 as a key milestone on the journey of realising his “Chinese dream”, which includes making China a “basically modernised socialist country” by 2035 and a “powerful” socialist country by 2050. Photo: Xinhua
China economy
Economy /  China Economy

China set to break key economic barrier despite trade war, but can it avoid the middle income trap?

  • China’s per capita gross domestic product (GDP) is set to exceed US$10,000 in 2019 despite the turbulence caused by the trade war with the United States
  • This will allow the Communist Party to deliver its goal of a ‘comprehensive well-off society’ in China by 2021

Frank Tang
Frank Tang

Updated: 12:49pm, 15 Feb, 2020

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