"Within a month of becoming China’s leader in 2012, Xi specified deadlines for meeting each of his 'Two Centennial Goals.' First, China will build a 'moderately prosperous society' by doubling its 2010 per capita GDP to $10,000 by 2021, when it celebrates the 100th anniversary of the Chinese Communist Party. Second, it will become a 'fully developed, rich, and powerful' nation by the 100th anniversary of the People's Republic in 2049. If China reaches the first goal— which it is on course to do—the IMF estimates that its economy will be 40 percent larger than that of the U.S. (measured in terms of purchasing power parity). If China meets the second target by 2049, its economy will be triple America's."