China's Xi warns of rising risks as party charts course for five years

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BEIJING: Chinese President Xi Jinping, commenting on the ruling Communist Party's recommendations for the next five years, said on Tuesday (Nov 3) ...

BEIJING: Chinese President Xi Jinping, commenting on the ruling Communist Party's recommendations for the next five years, said on Tuesday said the country faces a significant increase in risks.

It was not immediately clear to what risks Xi was referring but China faces rising tensions with the United States over issues including trade, Hong Kong, Xinjiang and human rights and economic shocks brought about by the coronavirus pandemic. Rather than setting a numerical goal to double GDP or per capita income by 2035, China will prioritise optimising economic structure and development quality, Xi said.However, reaching such goals is"entirely possible", he said, adding that China was set to declare it has achieved the goal of turning the country into a moderately prosperous society in the first half of 2021.

In the party's recommendations for economic and social development, it said technological prowess would drive growth, with key projects planned in artificial intelligence, quantum information, semiconductors and other areas.

 

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