@sinophilia
I don't see an issue with the growth rate targets set by the Chinese government
Historically, these which treated as a
minimum target, and are regularly exceeded.
The target for 2021 is 6%, but the "consensus" forecast is actually for 8.5% growth this year.
The target to double the real size of the Chinese economy by 2035 implies a 5% growth rate, but each individual province will treat this as yet another minimum. I fully expect average Chinese growth will be higher.
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And people forget about the difference between the rich coast and the poorer interior.
If you analyse GDP per capita at a province level, you can see many coastal areas already in excess of $25,000 per capita, on a PPP basis.
If these areas grow at 5% per year, that becomes $50,000 per capita by 2035, which takes you to fully developed status. So it's probably impossible for them to grow any faster in a sustainable manner.
But in the poorer interior, we can see higher growth rates than the rich coast.
So I reckon we will see 7-8% average growth in the interior for some time yet.
Data below