Chinese authorities predict economic growth of 32 percent until 2020

By the end of the 13th five-year plan, the total volume of China's economy will exceed 13.8 trillion. dollars or 90 trillion. yuan, as stated in the report of the government of that country.

In 2015, China's GDP amounted to 67.67 trillion. yuan, which is about 10.3 trillion. dollars. The report says: “By that time, the total volume of the Chinese economy will exceed 90 trillion. yuan, the quality and efficiency of economic development will increase significantly. "

In the process of implementing the five-year development plan for the period 2016-2020, the government plans to strengthen the role of innovation in the economy. The authorities intend to launch a number of important state scientific and technical projects, stimulate the development of technologies, create research centers, and raise the level of the Internet. According to the report, by 2020 the contribution of science to GDP will exceed 2.5 percent.

In addition, the Chinese government also aims to urbanize and modernize agriculture in a new five-year plan. By 2020, the Chinese authorities have planned that about 100 million rural migrants will be registered in cities and towns. It follows that the share of the urban population will reach 60 percent. It is planned to create poles of economic growth and urban agglomerations in order to increase GDP.