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China Leadership Pledges Big Economic Rise in Next 15 Years

China Leadership Pledges Big Economic Rise in Next 15 Years

BEIJING—Chinese leaders vowed Thursday to pull China’s per-capita output levels up to that of “moderately developed countries” within 15 years, an amb

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BEIJING—Chinese leaders vowed Thursday to pull China’s per-capita output levels up to that of “moderately developed countries” within 15 years, an ambitious task that economists say will require the nation to triple its current level by 2035, putting it roughly on a par with developed nations like South Korea and Spain.

The gross-domestic-product target came as China unveiled the proposal for its 14th five-year plan, which covers 2021-2025, as well as a medium-ranged development plan that ends in 2035. The plans are a vestige…

This post first appeared on wsj.com

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