China GDP: Xi Jinping says ‘completely possible’ to double size of economy by 2035, despite foreign hostility

China GDP: Xi Jinping says ‘completely possible’ to double size of economy by 2035, despite foreign hostility

President Xi Jinping has said it is “completely possible” for China to double the size of its economy, as well as per capita income, by 2035, painting a bright future for the nation despite an intensifying rivalry with the United States.

Former paramount Deng Xiaoping envisioned in the late 1980s China would quadruple its economic size in the first half of the 21st century to become “a mid-level advanced country” by about 2050.

But Xi, who introduced the 2035 milestone in 2017, is determined to reach the goal some 15 years earlier, even against a more hostile external environment.

His comments, part of a speech that was published by the official Xinhua news agency on Monday, also reflect confidence that China under his leadership can handle geopolitical headwinds and disruptions, such as a coronavirus outbreak, and is on the ascent as a global power, analysts said.