Growth rate: GDP, constant prices, percent change Per capita income: GDP per capita, constant prices (purchasing power parity; 2011 international dollars) Source: Data from IMF
Along with innovation, thriving consumption is the goal of Chinese rebalancing. Such consumption requires growing living standards, not unsustainable growth. This narrative can be illustrated with the first term of President Xi Jinping and Premier Li Keqiang and their projected next half a decade, assuming the current trend line and peaceful conditions will continue to prevail in the world economy.