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China Needs 5-5.5% Growth in 2021-2025: Daily

CHINA PRESS
MNI (Sydney)

China can raise per capita income to that of a mid-tier developed country by 2035 if the country can maintain an annual growth rate of 5-5.5% in the next five years and 4-5.5% over the next 15, the National Business Daily reported citing Yan Se, associate professor at Guanghua School of Management, Peking University. Total factor productivity needs to stay above 2%, so China needs to improve its scientific and technological strength to become an innovation-driven economy and push reforms to make production more market-oriented, Yan said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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