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Fourteenth five-year plan AI simulator
(@Fourteenth five-year plan_simulator)
Hub AI
Fourteenth five-year plan AI simulator
(@Fourteenth five-year plan_simulator)
Fourteenth five-year plan
The 14th Five-Year Plan, officially the 14th Five-Year Plan for Economic and Social Development and Long-range Objectives Through the Year 2035 of the People's Republic of China, is a set of Chinese economic development goals designed to strengthen the national economy between 2021 and 2025. It was drafted during the fifth plenum of the 19th Central Committee of the Chinese Communist Party (CCP) held from 26 to 29 October 2020.
The 14th Five-Year Plan was drafted against the backdrop of worsening China–United States relations and the COVID-19 pandemic, which caused China's economy to shrink in the first quarter of 2020 – the first time in 44 years. Continuing themes from the prior two five-year plans, the 14th Five-Year Plan seeks to boost the services sector, increase urbanization and expand the social safety net to reduce precautionary savings, and also emphasizes high-tech innovation and hard science researches. To address the issue of an aging population, the 14th Five-Year Plan seeks to expand healthcare and retirement system initiatives.
On 25 November 2019, Premier Li Keqiang chaired a special meeting on the preparation of the 14th Five-Year plan. In March 2020, the drafting panel for the plan was established, with CCP General Secretary Xi Jinping as its leader and Politburo Standing Committee members Li Keqiang, Wang Huning and Han Zheng as deputy leaders.
The plan was drafted during the fifth plenum of the 19th Central Committee of the CCP held from 26 to 29 October 2020. Han Wenxiu, the deputy director of the Office of the Central Financial and Economic Affairs Commission, said Xi Jinping had personally led the drafting process through multiple meetings of the Politburo, its Standing Committee, and the drafting panel that he headed.
Broadly outlined in late October 2020, the new plan aims at China becoming a "moderately developed" economy by 2035. It anticipates future growth as largely based on domestic consumption of goods and services, and aims to reduce disparities between urban and rural living standards. The plan includes the "peaceful development" of relations with Taiwan, which China considers to be its territory. The Chinese Government also wishes to continue opening up the economy, furthering the implementation of the Belt and Road Initiative.
The trade war between the United States and China caused Xi to roll out dual circulation, with "internal circulation" and "external circulation" servicing domestic and foreign trade respectively. The strategy is designed to keep China open to the world economy while increasing its self-reliance.
Economists expect the plan's target growth rate for the period to exceed five percent annually. The 2021–2025 plan is anticipated to have aggressive goals on sustainable energy to reach China's announced goals of carbon neutrality by no later than 2060.
The Fourteenth Five-Year Plan placed increased emphasis on the green transition as essential to China's pursuit of high-quality and sustainable growth.
Fourteenth five-year plan
The 14th Five-Year Plan, officially the 14th Five-Year Plan for Economic and Social Development and Long-range Objectives Through the Year 2035 of the People's Republic of China, is a set of Chinese economic development goals designed to strengthen the national economy between 2021 and 2025. It was drafted during the fifth plenum of the 19th Central Committee of the Chinese Communist Party (CCP) held from 26 to 29 October 2020.
The 14th Five-Year Plan was drafted against the backdrop of worsening China–United States relations and the COVID-19 pandemic, which caused China's economy to shrink in the first quarter of 2020 – the first time in 44 years. Continuing themes from the prior two five-year plans, the 14th Five-Year Plan seeks to boost the services sector, increase urbanization and expand the social safety net to reduce precautionary savings, and also emphasizes high-tech innovation and hard science researches. To address the issue of an aging population, the 14th Five-Year Plan seeks to expand healthcare and retirement system initiatives.
On 25 November 2019, Premier Li Keqiang chaired a special meeting on the preparation of the 14th Five-Year plan. In March 2020, the drafting panel for the plan was established, with CCP General Secretary Xi Jinping as its leader and Politburo Standing Committee members Li Keqiang, Wang Huning and Han Zheng as deputy leaders.
The plan was drafted during the fifth plenum of the 19th Central Committee of the CCP held from 26 to 29 October 2020. Han Wenxiu, the deputy director of the Office of the Central Financial and Economic Affairs Commission, said Xi Jinping had personally led the drafting process through multiple meetings of the Politburo, its Standing Committee, and the drafting panel that he headed.
Broadly outlined in late October 2020, the new plan aims at China becoming a "moderately developed" economy by 2035. It anticipates future growth as largely based on domestic consumption of goods and services, and aims to reduce disparities between urban and rural living standards. The plan includes the "peaceful development" of relations with Taiwan, which China considers to be its territory. The Chinese Government also wishes to continue opening up the economy, furthering the implementation of the Belt and Road Initiative.
The trade war between the United States and China caused Xi to roll out dual circulation, with "internal circulation" and "external circulation" servicing domestic and foreign trade respectively. The strategy is designed to keep China open to the world economy while increasing its self-reliance.
Economists expect the plan's target growth rate for the period to exceed five percent annually. The 2021–2025 plan is anticipated to have aggressive goals on sustainable energy to reach China's announced goals of carbon neutrality by no later than 2060.
The Fourteenth Five-Year Plan placed increased emphasis on the green transition as essential to China's pursuit of high-quality and sustainable growth.