( Photo/China News Service )

After Putin was sworn in as the seventh president of Russia, the top priority for Russia was to formulate a magnificent economic development goal, which demanded Russia should become one of the top five economies in the world by 2024. Based on previous economic data of Russia, Anbound researchers estimated that, to achieve this goal, Russia's average growth rate in the next five years will exceed 11%, provided other countries do not develop. Since this century, Russia’s economy experienced rapid growth in 2000-2008 and reached 10% only in 2000. Therefore, it will be extremely difficult for Russia to achieve its ambitious growth target.