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MENAFN - 29/11/2012

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(MENAFN) The Office of the Central Leading Group on Finance and Economic Affairs announced that by the end of the decade, China's economy would reach between USD16-USD20 trillion, reported Xinhua News.

The figure means that in 2020, the country's economy will be close to that of the US in 2012.

Per-capita gross domestic product (GDP) is expected to surpass USD10,000 in 2020, nearly double the amount posted last year.

Over the coming few years, residents of China's central and western regions will see their incomes grow faster than those in eastern parts, since these regions have huge potential for economic expansion.

It is worth noting that if per-capita disposable income of urban residents increases 7 percent annually, and if the per-capita net income of rural residents expands 6.7 percent over the coming 9 years, then the government will meet its target of doubling per-capita income by 2020.

 






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