China's per capita GDP will reach 3,000 U.S. dollars by 2010, a
decade ahead of the schedule set by the 2002 Communist Party
National Congress, a government think tank expert said.
Lu Xueyi, an expert with the Chinese Academy of Social Sciences
(CASS), said the figure would reach 6,000 U.S. dollar in 2020 if it
maintained the current growth rate. It was also aided by the
Chinese currency's continued appreciation against the U.S.
dollar.
The country's per capita GDP had grown by about 200 U.S. dollars
annually in the last two years to 2,200 U.S. dollars in 2007, he
estimated.
China had been in the fast lane in recent years as the nation
took two years to raise its per capita GDP to 1,000 U.S. dollars
from 800 U.S. dollars in 2000. It took another four years to reach
2,000 dollars.
"The day (of 3,000 U.S. dollar per capita GDP) will come sooner
than expected, as the current economic growth is faster than the
annual average of 7.2 percent necessary for the realization of this
goal," Zhuang Jian, an Asian Development Bank economist, said.
China's economy was forecast to have expanded by about 11.5
percent last year.
Li Peilin, director of the CASS's Institute of Sociology,
warned, however, that China should "prevent the mean value from
covering up the problems the majority (of people) have" as the
country's rich-poor, urban-rural divide was widening.
Attention should be paid to "how different social stratums feel
about their life," he said.
Last year, the incomes of China's rural residents increased by
eight percent -- the fastest pace in 11 years. The growth was still
short of those in the cities by five percentage points, according
to the CASS 2008 Society Bluebook report.
(Xinhua News Agency January 4, 2008)
