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[operating_line]

China's leaders meet to hammer out 5-year economic plan

"The country's leaders will use the four-day, closed-door meeting that starts Monday to discuss long-term economic and social development strategies."

"We believe China will continue its economic rebalancing toward more consumption-led, higher value-added, green and sustainable growth," UBS said in an Oct. 16 report.

The Swiss investment bank forecasts China's annual gross domestic product growth at between 5% and 5.5% during the five-year period, and forecasts GDP per capita to rise to about $15,000 by 2025, up from the current $10,500. UBS said China will deploy measures to boost technology and consumption to avoid the "middle-income trap" -- in which a developing country grows rapidly for a time but then fails to catch up to developed economies."

https://asia.nikkei.com/Politics/China-s-leaders-meet-to-hammer-out-5-year-economic-plan