The fundamental principles and guidelines of the 7th Five Year Plan were: To put reform at the top of the agenda and coordinate economic development with reform. To maintain a basic balance between overall social demand and supply, between the national budget, credit and materials.
Specific goals of economic development set out in the Plan were: To increase gross national industrial and agricultural output by 38 percent within five years, or by an average annual rate of 6.7 percent, gross agricultural output by 4 percent a year, and gross industrial output by 7.5 percent.
This policy note outlines recommendations on the 14th Five-Year Plan (2021–2025) for National Economic and Social Development of the People's Republic of China. They focus on innovation-driven growth, low-carbon development, integration of urban–rural areas with deeper social inclusion, and population aging.
“Made in China 2025” is a strategic plan that was initiated in 2015 to reduce China's dependence on foreign technology and promote Chinese technological manufacturers in the global marketplace. The goal is to reach this objective by the year 2025, a decade from the year when the plan first took root.
Based on the Eighth Five-Year Plan, China intended to upgrade old railways using advanced technology, to build highways and airports, to increase coastal harbor construction, and to develop the telecommunications industry.
The basic tasks stipulated in the Plan were: to complete the second phase in the modernization drive; to cap population growth at 300 million by 2000; to quadruple per capita GNP as compared to 1980; to eliminate poverty; and to speed up the establishment of a modern enterprise system.
What is the 12th Five Year Plan? The Chinese Government's 12th Five Year Plan was implemented to focus on transforming China from an export driven economy to one built upon consumer driven growth. In order to bring this change about the Five Year Plan has identified key industries to target for development and support.
A new UBS (UBS) survey finds 57% of global investors predict China will replace the U.S. as the world's biggest superpower by 2030. A majority agrees with that sentiment in every region except the United States, where only 47% expect it will happen.
In concrete terms, HC 2030 requires marked improvement in the quality of people's physical condition and an average life expectancy of 79 years by 2030; increase in the people's health literacy; development of healthy lifestyles; for- mation of an energy-efficient, resource-efficient, and environment-friendly ...
According to China Vision 2035, China will have become a strong and technologically advanced country that is a global leader in both innovation and new forms of industrialization.
Major Targets of the 11th Five-Year Plan
Of the compulsory targets, half are directly related to energy and the environment. The energy efficiency target—a 20 percent reduction in energy intensity over the five-year plan—is especially ambitious, reflecting a number of growing concerns of the central government.
The plan did not hit its targets because the quotas were unrealistic for such a short period of time, some of these quotas were not met for years to come. There were no goals set for the plan, even if a quota was met, it was increased giving the plan no chance to succeed.
The plan proposes that by 2020 the total energy consumption should be controlled within 5 billion tons of coal, during the “13th Five-Year Plan” period, total energy consumption grows by more than 2.5% per year and GDP per unit of energy use should fall by 15%.
The centenary of the founding of the People's Republic of China in 2049, at which point, China will have become a "strong, democratic, civilized, harmonious, and modern socialist country" according to the People's Daily.
Broadly outlined in late October 2020, the new plan aims at China becoming a "moderately developed" economy by 2035 with a per capita GDP of about US$30,000, nearly three times the 2020 level.
Red Guards (simplified Chinese: 红卫兵; traditional Chinese: 紅衛兵; pinyin: Hóng Wèibīng) were a mass, student-led paramilitary social movement mobilized by Chairman Mao Zedong in 1966 until their abolishment in 1968, during the first phase of the Cultural Revolution, which he had instituted.
The Chinese Economy is primarily driven by its industrial sector. The Chinese industrial sector accounts for 33.3% of the country's GDP as of 2022. China is the world leader in manufacturing, producing almost half of all the world's steel. Its mining industry extracts coal, iron ore, salt, oil, gas and gold.
China is one of the charter members of the United Nations and is one of five permanent members of its Security Council. One of the victorious Allies of World War II (the Chinese theatre of which was the Second Sino-Japanese War), the Republic of China (ROC) joined the UN upon its founding in 1945.
Taiwan wants to be bilingual by 2030, lifting English proficiency to take 'another step' to aid economy.
153 from the United Nations Department of Economic and Social Affairs (UN DESA), entitled “India overtakes China as the world's most populous country”, between 2023 and 2050, the number of persons aged 65 or over is expected to nearly double in China and to increase by more than double in India.
China is tipped to become the largest economy in the world, holding a 20% share of the world's GDP in terms of purchasing power parity. So its safe to say that China will be economically the most powerful country in the world in 2050.
If the projections used in the above video prove to be accurate, the largest economy in 2030 will be China with $64.2 trillion in GDP after adjusting for purchasing power parity (PPP). That's nearly $20 trillion more than India, which will be the second largest by that time.
China's first Five-Year Plan was successful in increasing the country's economic growth and expanding key industries, including iron, steel and coal production and machine building. It also initiated China's shift towards a socialism. Industrial production increased at an average annual rate of 19% between 1952-1957.
The “14th Five-Year Plan” period is an important period of opportunity for innovation and leading high-quality development; we must accelerate the building of a digital China, forcefully develop the digital economy, promote the upgrading of the industrial base and the modernization of industry chains, promote the ...
Although economic growth during the 13th FYP was hampered by the severe downturn cause by COVID-19, excluding 2020, China's growth in 2016-2019 still only averaged 6.6%, barely meeting the growth target. Economic reform agenda of the 14th FYP resemble the 2013 Third Plenum's reform program.