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The First Five-Year Plan(1956–61) allocated Rs330 million for development expenditures of which Rs220 million were funded by international donors, partly under the Colombo Plan. [2] Transportation received top priority with almost 30% of the budget allocation but rural development, including agriculture, village development, irrigation and ...
A 1972 study on the functions and responsibilities of the central planning agency resulted in the reconstitution of the NPC. After the historic restoration of multiparty democracy in 1990, the newly elected government reconstituted the NPC again with the Prime Minister as chair, a full-time vice-chairman, five Members, and a Member-Secretary.
The National People's Congress (NPC) is the highest organ of state power of the People's Republic of China (PRC). The NPC is the only branch of government in China, and per the principle of unified power, all state organs from the State Council to the Supreme People's Court (SPC) are subservient to it.
The plenums follow a customary pattern of themes; since the 14th Party Congress (1992–1997), the fifth plenum has evaluated the current five-year plan and outlined the next five-year plan. [ 1 ] Planning is a key characteristic of the nominally socialist economies , and one plan established for the entire country normally contains detailed ...
The 15th five-year plan is a set of goals for the economic development of China. The plan covers the years from 2026 to 2030. A preliminary study for the plan by the National Development and Reform Commission took place on 17 and 18 December 2023. [1] It will be informed by the results of the fifth economic census.
The 14th National People's Congress (NPC) is the sitting electoral term of the "supreme organ of state power" of the People's Republic of China. It convened in Beijing, on 5 March 2023, and is scheduled to continue until March 2028. Elections for the new Congress were held from October 2022 to February 2023. [1]
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The term of office of a member of the NPC Standing Committee is the same as that of the current NPC, and is generally five years. It remains in power until the succeeding NPC elects its standing committee. [14] It convenes the NPC once a year, and may do so when it finds it necessary or with a proposal from one fifth of NPC's members.