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The primary objectives of this five-year plan were to devote significant attention to the preparation for war, to focus on the construction of the third front, to establish economic cooperation zones at various levels, each with its own unique characteristics, and to vigorously synergize them, and to initially establish China's independent and relatively complete national economic system and ...
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.
[16]: 200 In March 1986, the State Council submitted "The 7th Five Year Plan for National Economic and Social Development of the People's Republic of China, 1986–1990" to the Fourth Session of the Sixth National People's Congress for review and ratification. It was the first time in China's history that an all-round plan for social and ...
Last year, China also set an “around 5%” target, in what was then the country’s lowest numerical target announced in decades. Earlier this year, it said economic growth had reached 5.2% in 2023.
The NDRC's functions are to study and formulate policies for economic and social development, maintain the balance of economic development, and to guide restructuring of the economic system of mainland China. [2] In March 1998, the commission was renamed into the State Development Planning Commission.
The Mainland and Hong Kong Closer Economic Partnership Arrangement, or Closer Economic Partnership Arrangement (CEPA) for short, is an economic agreement between the Government of the Hong Kong Special Administrative Region and the Central People's Government of the People's Republic of China, signed on 29 June 2003.
In an effort to facilitate the strategy by closing technology gaps, China spent 2.5% of its GDP on research and development during the thirteenth five-year plan of 2016–2020. [ 19 ] Dual circulation is a key part of China's fourteenth five-year plan (2021–2025).
The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. [29] China is the world's second largest economy by nominal GDP and since 2017 has been the world's largest economy when measured by purchasing power parity (PPP).