China’s new Five-Year Plan: China’s economic transition brings the global economy a new impetus The National People’s Congress and the Chinese People’s Political Consultative Conference (NPC & CPPCC) were held March 3-16. The 13th Five-Year Plan was approved at the closing of the NPC. China’s development blueprint for the next five years was thus laid out. The international society has voiced its comment about the plan. China has been very important for global economic growth in the past 20 year
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281K views · 901 reactions | #China's Five-Year Plan (FYP) system is formulated to make plans for economic and social development over the coming five years. The first FYP started in 1953. A total of 13 FYPs have been made and implemented except for a period of economic adjustment between 1963 and 1965. The year 2020 is the last year of the 13th FYP (2016-2020), and China is drafting its 14th FYP (2021-2025). #plenarysession #14thFiveYearPlan | CGTN | Facebook
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Five-Year Plans are a series of social and economic development initiatives issued by China since 1953. The first Five-Year Plan aimed to build China's own socialist industrial system. The plan saw the industrial output grow from 34.3 billion yuan in 1953 to 78.3 billion yuan in 1957. China produced its first ever car since the founding of the PRC, its first jet aircraft, and the Wuhan Yangtze River Bridge. The progress and challenges on China's modernization path have never stopped. Our special
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