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China to keep average annual GDP growth within ‘reasonable’ range in 2021-2025

To maintain average annual GDP growth within a ‘reasonable’ range over the next five years vs. a goal of above 6.5% for 2016-2020.

The annual growth rate in disposable income per capita over next five years to be ‘in line with GDP growth’ vs 2016-20 goal of over 6.5%.

Targets 65% urbanization rate by 2025 vs over 60% by 2020.

Will step up a breakthrough in tackling frontline technologies such as AI, quantum information, semiconductors, gene and biotechnology over next five years.

Will modernize industrial supply chains to be more innovative, value-added and reliable.

 

developing story ….

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