China's gross domestic product will hit 100 trillion yuan ($16 trillion) by 2020, close to the size of the United States economy in 2012, said Yang Weimin, vice head of the Office of the Central Leading Group on Finance and Economic Affair.
In 2020, China's GDP per capita will likely exceed $10,000, nearly double the amount in 2011.
Over the next few years, faster development in the country's central and western regions also meant incomes would rise faster for residents of those regions than in the more developed eastern parts of China, Yang said.
China's gross domestic product in 2011 was 47.2 trillion yuan
Prior Nextbigfuture GDP forecast for China
Year GDP(yuan) GDP growth USD/CNY China GDP China+HK US GDP 2011 47.2 9.2 6.3 7.5 7.8 15.2 2012 53 8.0 6.1 8.7 9.0 15.9 2013 59 8.5 5.8 10.2 10.5 16.5 2014 66 8.5 5.5 11.9 12.2 17.2 2015 73 8.5 5.2 14 14.3 18 2016 80 8 4.9 16.3 16.7 18.8 2017 88 8 4.6 19.1 19.5 19.6 2018 97 8 4.3 22.6 23 20.5 2019 107 8 4.1 26 26.5 21.5 2020 115 7.5 3.9 29.6 30 22.4 2021 125 7.5 3.7 33.7 34.2 23.4 2022 135 7.5 3.5 38.5 39 24.5 2023 145 7 3.3 44 44.5 25.6 2024 157 7 3.1 50.6 51 26.7 2025 170 7 3 56.5 57 27.9 2026 183 7 3 61 61.5 29.2 2027 198 7 3 66 66.4 30.5 2028 214 7 3 71.2 72 31.9 2029 235 7 3 78.4 79 33.3 2030 259 7 3 86.4 87 34.8
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