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China gears up for ‘strategic period’

Topics Covered: India and its neighbourhood- relations.

China gears up for ‘strategic period’:


Context:

China’s ruling party-Communist Party of China (CPC)– sets long-term targets for boosting economy and military power.

Key targets announced: 

It announced three goals to be achieved by 2025, 2027 and 2035:

  1. Boosting domestic consumption and innovation.
  2. A national security and defence modernisation plan ahead of the People’s Liberation Army (PLA) centennial in 2027.
  3. A ‘Vision 2035’ longer-term economic blueprint that calls for “big leaps” in economic strength and technological prowess.

Significance:

The new economic blueprint would broadly push for China to double its GDP and current per capita GDP of $10,000 by 2035.

  • The plan is also to realise what it called “the unity of a rich country and a strong Army”.
  • It stressed the importance of informatisation and to “strengthen military training and war preparation”.

Sources: the Hindu.