Table of Contents
What are the future plans of China?
The government plans to have China’s urbanization rate reach 65\% of the population by 2025 and 75\% – that of an advanced economy – by 2035.
When was the Chinese five-year plan?
1953
The First Five-Year Plan (1953–57) emphasized rapid industrial development, partly at the expense of other sectors of the economy. The bulk of the state’s investment was channeled into the industrial sector, while agriculture, which occupied more than four-fifths of the economically active population, was forced to…
What is China’s 14th five year plan all about?
The 14th FYP specifies that China will implement a sustainable development strategy, improve the co‑ordination mechanism for improving ecological civilisation, construct an ecological civilisation system, promote the establishment of a green economy and green society, and build a beautiful China (11. Introduction).
Why was the five year plan introduced?
Joseph Stalin, in 1928, launched the first Five-Year Plan; it was designed to industrialize the USSR in the shortest possible time and, in the process, to expedite the collectivization of farms.
What is China’s 14th 5 year plan?
The 14th five-year plan (FYP), covering the years 2021 to 2025, was officially endorsed by the National People’s Congress (NPC) on 11 March 2021. The Plan is divided into 19 sections and 65 chapters, touching on all aspects of development over the next five years, as well as presenting China’s 2035 vision.
What is China 14th five-year plan?
The Outline of the 14th Five-Year Plan (2021-2025) for National Economic and Social Development and Vision 2035 of the People’s Republic of China , compiled on the basis of the proposals of the CPC Central Committee for such a plan and vision, clarifies China’s strategic intentions and the government’s priorities, and …
What is the 14th five-year plan?
What is China’s five-year plan for 2021-2025?
The Chinese leadership not only set the national socio-economic and political priorities for 2021 but also approved China’s 14 th Five-Year Plan (FYP) (2021-2025), the grand strategic blueprint for the next half decade, as well as longer-term goals for 2035.
What is in the 14th five-year plan?
Although the Five-Year Plan contains relatively few quantitative targets, it details a vast array of near-term PRC economic, trade, S, defense, political, social, cultural, environmental, and other policy priorities. The 14th Five-Year Plan differs from past plans in that it also includes a short section on “long-range objectives” for 2035.
What does China’s five-year plan mean for global trade?
In developing the 14 th Five-Year Plan, China’s leaders set an ambitious agenda to “promote high-quality development in all aspects, including the economy, environment, and people’s livelihood and wellbeing, and realize the rise of China’s economy in the global industrial chain and value chain.”
What can we expect from China’s FYP 14?
In particular, the 14 th FYP featured a renewed focus on accelerating the Fourth Industrial Revolution and transforming China into an advanced manufacturing superpower, outlining plans to strengthen China’s global competitiveness in areas such as robotics, new energy vehicles, aircraft development, and agricultural machinery, among others.