Forbes - 11/19/2012
Opportunities In China: The Next 10 Years
In his keynote speech at the opening of the 18th National Congress of
China’s Communist Party,
Hu Jintao, the outgoing President of China, set a new
target
for economic growth, saying that China should double its 2010 GDP and
per capita income by 2020. “On the basis of making China’s development
much more balanced, coordinated and sustainable, we should double its
2010 GDP and per capita income for both urban and rural residents (by
2020),” Hu said. This is the first time that per capita income has been
included in the country’s blueprint for economic development. Previous
targets merely called for the growth of GDP, not of per capita income.
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