In 2012, the Chinese government announced Two Centennial Goals. The first is to double the 2010 GDP and per capita income for both urban and rural residents by 2021, the year when the Chinese Communist Party (CCP) celebrates its centenary. And, the second is to build China into a fully developed country that is prosperous, powerful, democratic, culturally advanced and harmonious by 2049, the year when the People's Republic of China (PRC) celebrates its centenary. It looks that China is well on track achieving the first Centennial Goal, as its GDP grew by 7.4% per annum between 2010 and 2018. There are greater uncertainties, however, surrounding the path to the second Centennial Goal.
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