Chinese Economy on Track to Grow 8.9% in 2021, Per Capita GDP Could Double by 2035: CITIC Securities Chief Economist

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Zhu Jianfang (诸建芳), chief economist at CITIC Securities, is optimistic about China’s growth prospects for 2021 following the success of efforts to contain the spread of COVID-19 domestically.

Zhu said that China’s economy will return to regular operation in 2021, and is likely to be one of the world’s fastest growing economies, with a growth forecast of 8.9%.

Zhu made the remarks at the 2021 Capital Markets Annual Conference (2021资本市场年会) held in Shanghai from 10 – 12 November.

The CITIC economist is also confident that China will achieve the target set by Xi Jinping of doubling per capita GDP by 2035.

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