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Xi Jinping on Budget & Economy

 

 


Less than 3% of world economy in 1977, more than 17% in 2020

"China should enhance the internal vitality and driving force of economic growth."
-- Xi Jinping in 2012

The government declared it had eliminated "extreme poverty" last year and turned China into a "moderately prosperous society." While critics say the size of China's economy has been overstated, decades of uninterrupted annual growth have propelled it from accounting for less than 3% of the global economy in 1977 to more than 17% last year.

"We must be firm in our resolve to fight against corruption wherever it occurs."
--Xi Jinping in 2013

When Xi took power he launched a vast anti-corruption campaign, punishing deserving officials and businesspeople but also peeling off rivals. More than 4 million officials have since been taken down, including 254 high-ranking ones.

Source: James Mayger, "Decade in Power" in Bloomberg News , Nov 10, 2021

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Page last updated: Mar 03, 2022