China plans to leap to prosperity: double GDP by 2035!

China plans to leap to prosperity: double GDP by 2035!

The Chinese economy could change dramatically in the next few years. China has ambitious plans to raise GDP per capita to the level of a “medium-developed country” by 2035. This is not just a mere number; it is part of a long-term plan for fundamental socialist modernization, as Today reports. This is accompanied by the need to achieve average economic growth of over 4.17% per year between 2026 and 2035.

Experts are optimistic. The factors that could support this growth are diverse. China has rich resources and a huge workforce, coupled with massive investments in research and development that strengthen innovation, according to reporting by [Money and Banking].co.th/2025/207445/. These structural reforms and the focus on quality development are seen as essential to the desired progress.

Growth goals and challenges

The International Monetary Fund (IMF) has already set clear benchmarks for the level of “middle developed countries”, which in 2020 exceeded US$20,000 per capita GDP. To achieve these goals, China must double its GDP per capita compared to 2020 levels by 2035. This is a daunting challenge, but one that appears feasible as China has averaged growth of around 5.5% over the past five years, despite the additional difficulties posed by the COVID-19 pandemic.

Total economic output is forecast to be around 140 trillion yuan (approximately $19.76 trillion) in 2025, underscoring the strength of the Chinese economy. But a clear line on the government's goals is crucial. Growth above 4.17% will depend significantly on the commitment to high-quality development focused on structural reforms to reduce institutional and systemic barriers.

A look into the future

Improving innovative strength and the adaptability of the political framework also play a central role. China wants to transform itself from an economy dependent on investment and mass production into an innovation engine that offers high-quality technologies and services. This transformation strategy aims to strengthen the country's economic stability and global influence, as reported by Statista makes clear.

The coming years are crucial for China's position in the global economy. The country's strategy could not only change the domestic political landscape, but also have far-reaching implications for international partnerships and business opportunities. By focusing on high-quality development, China could be able to put its economy on a resilient and sustainable footing.