Core Insights - The "15th Five-Year Plan" aims for significant improvements in China's economic, technological, defense, and international standing by 2035, with a target of reaching the per capita GDP of a moderately developed country, estimated to be around $20,000 [1][2] Economic Growth Projections - China's GDP is projected to exceed 130 trillion yuan in 2024, reaching approximately 13.49 trillion yuan, with per capita GDP expected to hit $13,445, marking a continuous increase above $13,000 for two consecutive years [2] - To achieve the per capita GDP target of $23,000 by 2035, an average nominal growth rate of 5% per year is required over the next decade, which would represent a significant increase of nearly $10,000 from current levels [2] Challenges and Strategies - The upcoming "15th Five-Year Plan" is seen as a crucial period for addressing internal challenges such as aging population and declining total population, which are predictable and manageable through reforms aimed at enhancing economic vitality [3] - Transitioning from factor-driven growth to total factor productivity improvement is essential for overcoming demographic and international challenges, with major economic provinces expected to lead this transformation [3] Industry Development Initiatives - The Chinese government plans to upgrade key industries, estimating an additional market space of around 10 trillion yuan over the next five years, focusing on emerging sectors such as quantum technology, biomanufacturing, hydrogen energy, and sixth-generation mobile communications [4] - These initiatives are expected to inject new momentum into China's economy and contribute to the goal of increasing per capita GDP by 2035, effectively creating a new high-tech industrial scale equivalent to another China [4]
(经济观察)锚定2035年,中国人均GDP如何实现跨越?
 Zhong Guo Xin Wen Wang·2025-10-28 20:43