January 1, 2020

As the world greeted 2020 with countdowns and fireworks, leaders of the world's second-largest economy hailed the year as a milestone on China's road to a moderately prosperous society while Chinese analysts expressed cautious optimism amid lingering challenges. 

Chinese President Xi Jinping delivered a new year's speech in Beijing on Tuesday, pledging to achieve the first centenary goal of building a moderately prosperous society in all respects in 2020, the Xinhua News Agency reported. 

The country's GDP is expected to near 100 trillion yuan ($14.37 trillion) while its per capita GDP is expected to reach $10,000 in 2019, Xi was quoted as saying. 

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