Hong Kong media: Chinas economic growth goal is to keep five

Ming Pao quoted sources as saying that the Fifth Plenary Session of the CPC Central Committee held at the end of next month will reduce the annual average domestic GDP (GDP) growth of the 14th Five -Year Plan. The goal is to protect the fifth.

According to reports, the Fifth Plenary Session will be held in Beijing from October 26th to 29th. According to the practice of the Fifth Plenary Session of the Fifth Central Committee, the fourteenth five -year planning (14th Five -Year Plan) and 2035 will be formulated by the Fifth Plenary Session of the Fifth Central Committee.Far -year goal.

Beijing sources revealed to the Ming Pao that the average annual GDP target of the 14th and Five -Year Plan will be reduced to about 5%.Reuters had previously quoted sources that there are three values of the average annual GDP growth target proposed by Chinese government think tanks and economists: about 5%, 5 to 5.5%, and 5 to 6%.

In the 13th Five -Year Plan ended this year, China's average annual economic growth goal of more than 6.5%is.In May this year, due to the severe blow of the crown disease, China has abandoned the annual economic growth goal for the first time in 18 years, but some economists suspect that the government has maintained a hidden target of about 3%.

In addition, UBS analysts stated in a report to customers that we expect that the (China) government either does not set a clear growth goal or set a lower and more flexible growth for 2021 to 2025 to 2025 to 2025.Target (such as about 5%).

The report quoted Hu Xingdou, a Chinese economist, described that the goal of economic development under the 14th plan is to seek truth from facts. On the one hand, it is aimed at the domestic and foreign environment, and on the other hand, the actual situation of development.He said that China has continued to develop at a high growth rate for more than 40 years, which is very rare in the world; if it can maintain about 5%of growth, it is also a very good result.

Regarding the external pressure of economic growth of the 14th Five -Year Plan, Hu Xingdou believes that it is mainly due to Sino -US relations, and predict that if China and the United States are decoupled, it will affect about 30%of China's GDP.

The Development Research Center of the State Council of China stated in a recent report that China is expected to become a high -income country in 2024 and surpass the United States to become the world's largest economy in 2032.

The think tank wrote in the report: The 14th Five -Year Plan will be a critical period for China to deal with friction with the United States and make strategic arrangements.