Government unveils strategy it will use to achieve wealthier World Bank status

China will strive to reach the "high-income club" by 2020, a senior official said on Wednesday.

Speaking at a news conference to announce the beginning of work on the 13th Five-year Plan (2016-20), Xu Lin, director of the department of development planning of the National Development and Reform Commission, said the government hopes implementing it will allow China to approach the high-income threshold under the World Bank's standard.