Core Viewpoint - The proposal emphasizes achieving a significant leap in China's economic, technological, defense, and comprehensive national strength by 2035, with a key indicator being the per capita GDP reaching the level of middle-developed countries [1][2]. Group 1: Importance of Per Capita GDP - Achieving a per capita GDP at the level of middle-developed countries is a crucial marker for realizing socialist modernization [2]. - The concept of "middle-developed country level" was introduced by Deng Xiaoping in the 1980s, with strategic goals outlined in the 13th National Congress [2]. - The 19th National Congress and subsequent meetings have reiterated the importance of this goal, aiming for a significant advancement in economic strength by 2035 [2]. Group 2: Defining Middle-Developed Country Level - There is no clear international definition for middle-developed countries, but organizations like the IMF provide lists based on per capita GDP and Human Development Index (HDI) [3]. - As of 2024, the IMF recognizes 41 developed countries, with the lowest per capita GDP at approximately $23,400 [3]. - To set realistic development goals, it is suggested that China should aim for a per capita GDP exceeding $20,000 and double the 2020 GDP by 2035 [3]. Group 3: Conditions for Achieving the Goal - China has the capability to achieve the target of a per capita GDP exceeding $20,000 by 2035, requiring an average annual GDP growth of 4.17% [4]. - This growth rate is feasible considering factors like supply of production elements, technological advancements, and institutional innovations [4]. - The focus should be on high-quality development and reform to eliminate barriers to growth, thereby unlocking economic potential [4].

Core Points - The central government aims for per capita GDP to reach the level of moderately developed countries by 2035 [1] - During the "14th Five-Year Plan" period, China's per capita GDP is projected to increase from $10,632 in 2020 to $13,445 in 2024, maintaining a level above $13,000 for two consecutive years [2] - Experts highlight China's strong economic foundation, advantages, resilience, and potential as key factors supporting long-term growth and achieving the GDP target [4] Economic Indicators - Per capita GDP is a crucial indicator of a country's economic development and wealth [2] - The projected increase in per capita GDP reflects China's position among upper-middle-income countries [2] Expert Insights - China's unique socialist system, large market size, complete industrial system, and rich talent resources are emphasized as significant advantages for achieving economic goals [4]

Core Viewpoint - The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China reviewed and approved the suggestions for the 15th Five-Year Plan, highlighting the significant achievements during the 14th Five-Year period despite global challenges [2][3][4]. Economic Performance - During the 14th Five-Year period, China's GDP surpassed 110 trillion, 120 trillion, and 130 trillion yuan, with a projected GDP of over 134 trillion yuan in 2024, reflecting a 23.9% increase from 2020 and an average annual growth rate of 5.5% [3][4]. - In 2025, China's GDP is estimated to reach around 140 trillion yuan, with a growth rate of approximately 5%, contributing over 35 trillion yuan to the economy during the 14th Five-Year period [4][5]. Global Economic Impact - China's economic performance has significantly contributed to global economic recovery, with the IMF raising its growth forecast for China from 4.0% to 4.8% and for the world from 2.8% to 3.2% [5]. - China's contribution to the global economic growth adjustment is estimated to exceed half of the total increase [5]. Income and Development Goals - By 2022, China's per capita national income reached 13,170 USD, surpassing the World Bank's high-income threshold of 12,695 USD, and is close to the updated threshold of 13,935 USD in 2024 [6]. - The 15th Five-Year Plan aims for significant advancements in high-quality development, technological self-reliance, and overall national strength by 2035, with a target of achieving per capita GDP at the level of moderately developed countries [6][7].