China's goal of doubling income per capita from 2010 to 2020 could be accomplished ahead of schedule in 2018 or 2019, an official at China's central bank said Wednesday.
"From 2013 to 2020, if the growth speed for income per capita for both urban and rural residents can be maintained at 6.38 percent year-on-year, the plan to double income is indeed practical," Sheng Songcheng, head of statistics at the People's Bank of China, was quoted as saying Wednesday by the official China Securities Journal.
Sheng also said the authorities' target could be achieved one or two years in advance if GDP growth over the next eight years can reach 6.85 percent a year.
