Xinhua Beijing, December 21, Peilin, director of the Social Science Institute of Chinese Society, released in 2010, and China Social Situation report said that the Chinese will close to GDP4000 the U.S. dollar by the end of next year. Peilin said that in the past two years, China's per capita GDP growth, especially in the dollar-denominated GDP per capita growth has developed rapidly. From 1978 to 2000, our GDP grew from less than 400 dollars to more than $800 trillion, and it took nearly more than 20 years. By 2000, when the goal of the 2020-year comprehensive construction of a well-off society was set, the speculation was to double the GDP per capita in 20 years, that is to say, from more than 800 dollars to more than $3,000. He believes that this speed is accelerating, one reason is the rapid economic growth, the second reason is the annual increase in the population is decreasing. Because the population base is bigger, the denominator is bigger, the per capita GDP level will be on the low side. The third important reason is the appreciation of the renminbi. Peilin said that in 2003 we had a per capita GDP of more than $1000 trillion, only three years, more than 2000 dollars in 2006, and by the end of next year we would be close to the GDP4000 dollar per person by the year 2008. This is more than we said before 2020 to achieve a per capita GDP3000 more than a dollar, time greatly ahead. (According to Chinese net live text finishing)
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