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China's growth target, doubling GDP and income per capita by 2020

6.5% growth will be China government's official 'bottom line' during the 13FYP, though actual growth on the ground could be lower. 

President Xi reiterated the official targets of doubling the GDP and income per capita by 2020 (from 2010 levels) when he first took office at the 1st plenum session of the 18th Communist Party Central Committee (CPCCC) in November 2012. 

"This implies average GDP and income growth of 6.6-6.7% over 2016-2020. From the conversation with officials, it is understandable that these targets remain binding despite the marked slowdown in the economy since then", says Barclays. 

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