Experts: 7.6% growth until 2020
By Fu Jing (China Daily)
Updated: 2005-10-27 05:50
China expects to achieve an average annual economic growth rate of 7.6 per
cent until 2020. In this benchmark year, the nation will achieve the status of
becoming an "all-around well-off society."
This rate is lower than during the 1978-2004 period, when growth averaged at
9.4 per cent
The estimate was given by the State Information Centre during a two-day
international conference on China's development strategies. The conference was
jointly sponsored by the United Nations Development Programme (China) and the
National Development and Reform Commission (NDRC).
The centre, a major data provider for the NDRC, also forecasted that China's
economy will grow at 8 per cent annually in the coming five years.
This thinking was echoed by the State Council Development Research Centre,
the central government's leading think-tank, which expects 8.1 per cent growth
every year during the 2006-10 period.
(China Daily 10/27/2005 page2)