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Xi Jinping declares China’s intent to be a ‘leading power’ by 2050

Xi JinpingREUTERS/Jason Lee

China will be a leading nation in terms of national power and global impact by 2050, Chinese President Xi Jinping told Communist Party officials in a major address in Beijing on Wednesday. Xi announced a two-stage plan to become a “great modern socialist country”, split between 2020 to 2035 and 2035 to 2050.

Xi’s comments came as part of his “work report” speech that officially opened the 19th National Congress of the Communist Party.

The five-yearly meeting sets out the vision and policies and establishes the party’s top leadership for the next term. More than 2,200 delegates have gathered in Beijing for the congress while the Communist Party’s economic and political announcements are being watched very closely.

During his speech, Xi also announced:

China, which Xi said is the world’s “largest developing country”, is currently the world’s second largest economy and has the second largest stock market. Over decades of providing foreign aid, China has also recently emerged as the world’s largest foreign aid donor.

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