During the "Thirteenth Five-Year Plan" period, the responsibility of "GDP and GDP per capita in 2020 and doubling the per capita income of urban and rural residents by 10,000" will be shouldered. China must build a well-off society in an all-round way, and economic development will surely shift to "intermediate high-speed". Growth stage. How to define "medium speed"? Liu Rui, deputy dean of the School of Economics of Renmin University of China, told reporters that this goal can be achieved as long as the annual growth rate of 6.56% is achieved during the 13th Five-Year Plan period. Liu Rui said that in 2010, the gross national product will be 40 trillion yuan, and by 2020, it will have to reach 80 trillion yuan. In the first few years of the "11th Five-Year Plan" and "Twelfth Five-Year Plan", China's economy has maintained a relatively fast growth rate. It is estimated that this year's gross national product can reach 66 trillion yuan. In this case, it is estimated that the gross national product will be realized by 2020. Double it, the average annual growth rate can reach 6.56%.
Wang Hongyu, a researcher at the Institute of Finance and Economics at the Chinese Academy of Social Sciences and deputy director of the Comprehensive Economic Strategy Research Department, also said that according to the development experience of countries that have successfully crossed the middle-income trap in the past, the “intermediate high-speed†growth corresponds to a range of about 6% to 8%. However, he also stressed that while the economic development is shifting to the "medium-high-speed" growth, it is also necessary to move toward the "middle-end" level. This is the key task of the "13th Five-Year Plan". “Medium and high speed†is the requirement for growth rate. “Middle and high-end†is the requirement for the quality of growth. The two are unified with each other to ensure the goal of achieving a comprehensive well-off society in the “13th Five-Year Plan†period. "Without a certain speed, the middle-income trap may not be able to cross, and the goal of a well-off society will be defeated; without the improvement of the quality of economic growth, economic development will not be sustainable, and the medium- and long-term 'medium-high speed' will be difficult to maintain." Wang Hongyu said. "The basic way to achieve 'double, medium and high' is to comprehensively deepen reform and opening up and promote economic transformation and upgrading."
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