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Economy

China set to keep up 5% growth through 2035, Xi adviser says

Hu Angang expects fast-evolving tech sector to buoy economy

An employee works on a steel structure at a factory in Huzhou, Zhejiang Province. China is pursuing an economic strategy of "dual circulation" under President Xi Jinping.   © Reuters

BEIJING -- The Chinese economy will probably continue expanding at a roughly 5% annual clip over the next 15 years, an adviser to President Xi Jinping told Nikkei, citing a rapidly developing technology sector.

The comment comes ahead of a plenary session starting Monday for the ruling Chinese Communist Party's Central Committee, which will discuss long-term economic goals through 2035. Hu Angang, a professor in Tsinghua University's School of Public Policy and Management, said that "China has been able to control the coronavirus' impact on the economy, but many uncertainties remain in the world."

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