China names GDP benchmark for headline target: 4.17% annual growth through 2035

Source: China – South China Morning PostWith China’s population expected to shrink over the next decade, an official publication has said an average annual economic growth rate of 4.17 per cent would be necessary to meet a headline target for long-term development by 2035 – providing greater clarity for what the government considers a success as it works to achieve the long-range benchmark.
The latest proposals for the country’s next five-year plan – unveiled by the Communist Party’s Central Committee last month – do not specify…Read More

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