China can double 2010 GDP with 6.3-pct growth in 2018-2020

[beijingwalker]

China can double 2010 GDP with 6.3-pct growth in 2018-2020
Source: Xinhua| 2017-12-23 12:18:45|Editor: Lifang

BEIJING, Dec. 23 (Xinhua) -- China needs annualized growth of 6.3 percent in 2018-2020 to realize the target of doubling the 2010 GDP by 2020, an official said Saturday.

"Judging from current economic performance, there will not be any huge barrier in meeting the goal," Yang Weimin, deputy head of the office of the central leading group on financial and economic affairs, said at an economics forum.

Five years ago, China decided to double 2010 GDP and per-capita income by 2020 as an important component of becoming a moderately prosperous society in all respects.

GDP expanded 6.9 percent year on year in the first three quarters of 2017, above the government's target of around 6.5 percent for the whole year.
http://www.xinhuanet.com/english/2017-12/23/c_136847121.htm

 

[beijingwalker]

China doubles her GDP every decade, that speed will make China leave all other countries in the dust in no time.

 

[Bussard Ramjet]

China doubles her GDP every decade, that speed will make China leave all other countries in the dust in no time.

Just recently I read one Chinese official saying that from 2020 onwards China will no longer set target to double gdp in a decade.

 

[beijingwalker]

Just recently I read one Chinese official saying that from 2020 onwards China will no longer set target to double gdp in a decade.

Yes, now in China everyone starts to talk about "quality GDP", speed is no more a priority.

 

[Mista]

Yes, now in China everyone starts to talk about "quality GDP", speed is no more a priority.

That's great. I think we will start seeing a qualitative jump in the Chinese economy, transitioning away from a mass building, mass manufacturing, mass job creation economy. The road will get tougher every passing year, but I'm confident that China will overcome the middle-income trap.

 

[beijingwalker]

That's great. I think we will start seeing a qualitative jump in the Chinese economy, transitioning away from a mass building, mass manufacturing, mass job creation economy. The road will get tougher every passing year, but I'm confident that China will overcome the middle-income trap.

What China now is experiencing is reclaiming the top spot that our nation always got during the most part of the human history, it's nothing new and nothing surprising in our history. Nothing can stop us from getting who was always ours in the past. The real strength for China is the Chinese nation.

 

[Mista]

The real strength for China is the Chinese nation.

What do you mean?

 

[randomradio]

I think the goal is to double per capita income, not GDP.

That's great. I think we will start seeing a qualitative jump in the Chinese economy, transitioning away from a mass building, mass manufacturing, mass job creation economy. The road will get tougher every passing year, but I'm confident that China will overcome the middle-income trap.

It depends on how "quality" is defined.

What China now is experiencing is reclaiming the top spot that our nation always got during the most part of the human history, it's nothing new and nothing surprising in our history. Nothing can stop us from getting who was always ours in the past. The real strength for China is the Chinese nation.

Gotta correct you there.

 

[Mista]

I can see where this thread is going...

 

[Maxpane]

 

[randomradio]

I can see where this thread is going...

A fact based discussion where everything in China is not as it seems?

https://www.ft.com/content/fa16d590-d11f-11e6-b06b-680c49b4b4c0

 

[faithfulguy]

I think the goal is to double per capita income, not GDP.



It depends on how "quality" is defined.



Gotta correct you there.

India is equivalent of Middle East and W Europe here in historic GDP calculation. It’s a geographical expression. Actually, the only country in the above chart that has been a country throughout most of the time period in the chart is China. The next is US since 1776. After that, it’s India in 1947. Both W Europe and M East are still not countries.

 

[randomradio]

India is equivalent of Middle East and W Europe here in historic GDP calculation. It’s a geographical expression. Actually, the only country in the above chart that has been a country throughout most of the time period in the chart is China. The next is US since 1776. After that, it’s India in 1947. Both W Europe and M East are still not countries.

It's cute that only the Chinese believe this, particularly the ones on PDF.

 

[faithfulguy]

It's cute that only the Chinese believe this, particularly the ones on PDF.

History is not a belief, but a fact. Chinese history was base on dynasties. Any measurement of Chinese historic GDP is assumptions base on the boundaries of each dynasty.

The historic GDP of none Chinese area is base on present day geographical boundaries. For example, India would be South Asia. US would be N American Indians. Etc.

Finally, this ancient GDP calculation is wildly inaccurate. However, it’s a fact that China has a traceable dynastic succession with a central government that governs the largest population within a political state until the modern era. Prior to industrial revolution, the GDP calculation is just a population estimation. Base on that, the Chinese state has the most population since 1AD.

India does not exist as a country until 1947. Prior to that, it was @ geographical expression.

 

[Mista]

I knew this thread is going to argue whether India is a single country before the British came when you posted that graph.

It's cute that only the Chinese believe this, particularly the ones on PDF.

Winston Churchill is a Chinese PDF poster?