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Xi Says Economy Can Double as China Lays Out Ambitious Plans

Summary:
In another article I read (SMCP) said that Xi was going to boost state run industries as they had performed so well during the covid crisis.  That will require 4.7% growth per year to achieve: BocomChina will also aim for high-income nation status by 2025Chinese President Xi Jinping said the economy can double in size by 2035 and the country can reach high-income status in the next five years as the Communist Party outlined ambitious plans for the nation’s future.Xi Says Economy Can Double as China Lays Out Ambitious Plans

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In another article I read (SMCP) said that Xi was going to boost state run industries as they had performed so well during the covid crisis. 


 That will require 4.7% growth per year to achieve: Bocom

China will also aim for high-income nation status by 2025

Chinese President Xi Jinping said the economy can double in size by 2035 and the country can reach high-income status in the next five years as the Communist Party outlined ambitious plans for the nation’s future.

Xi Says Economy Can Double as China Lays Out Ambitious Plans

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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