China to become developed country by 2080

China will emerge a moderately developed nation by 2050 and become one of the world's most industrialised country by 2080, said a report.

China will emerge a moderately developed nation by 2050 and become one of the world's most industrialised country by 2080 due to the sustained economic advancement of the Communist giant.

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China will become a "moderately developed country" before 2050 thanks to its ongoing modernisation drive, according to the 'China Modernisation Report 2005', released at a seminar organised by the China Centre for Modernisation Research under the Chinese Academy of Sciences on Friday.

The report predicts that the country's modernisation process will be upgraded in three stages to achieve this goal, the China Daily reported on Saturday.

In the middle of this century, China will become a "moderately developed country" instead of simply remaining as a "primarily developed one."

Around 2080, persistent economic growth will enable China to become a "developed country" and then to be in front of the world's most industrialised countries within the next two decades, experts said.

Analysing China's history and the progress of its modernisation so far, the report puts forward a roadmap as a reference for the country to reach the scheduled goal.

Addressing the development problems China will face in the years to come, experts warned that the country is presented with both opportunities and critical challenges.

While benefiting from the era of economic and cultural globalisation, China has to work hard to maintain sustainable economic and environmental development, ensure the stability of its power supplies and guarantee financial stability, the report said.