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China has put forward a target of doubling its GDP and per capita income in the decade leading up to 2020. Chances are good it will meet that target based on the current rate of growth. Economists estimate an annual GDP growth of 6.3 percent is needed in the coming three years to meet the goal. GDP growth is widely expected to come close to 7 percent this year.

China has pledged to cut its carbon emissions per unit of GDP by 60-65 percent from 2005 levels by 2030 and raise the share of non-fossil energy use in total consumption to about 20 percent.

China is finding success in strengthening its ties with some South American economies. Uruguay signed a memorandum of understanding on the BRI with China in August, becoming the first Mercosur country to participate in the initiative.

China has set a target of reducing the tax burdens on and social insurance contributions of enterprises by nearly 2 trillion yuan (0.7 billion) this year.

China has promised that the vaccines it is developing will be made a global public good and provided to other developing countries on a priority basis. China has further extended debt relief to countries hit hard by the pandemic in response to the G20's initiative on debt relief for developing countries.