Xi changed China’s trajectory from the “Reform and Opening Up” of his predecessors toward a more internal and state-focused model of economic development.
China’s sluggish economy, a slump in the real estate market and policy uncertainty following the 20th party congress have led to an uptick in foreign visa enquiries from wealthy Chinese, immigration consultants say.
President Xi Jinping pledged to substantially grow’ China’s middle-income group as a share of the total population by 2035, with analysts urging greater development of the private economy.