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The Beijing Consensus (Chinese: 北京共识) or China Model (Chinese: 中国模式), also known as the Chinese Economic Model, [1] is the political and economic policies of the People's Republic of China (PRC) [2] that began to be instituted by Hua Guofeng and Deng Xiaoping after Mao Zedong's death in 1976. The policies are thought to have ...
The 13th Five-Year Plan of China, officially the 13th Five-Year Plan for Economic and Social Development of the People's Republic of China, was a set of economic goals designed to strengthen the Chinese economy between 2016 and 2020.
[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 ...
The NDRC has responsibilities over economic targets, price policies, market policies, supply-side structural reform, overseas investment, domestic investment policy, regional development strategies, industrial development strategies, major infrastructure projects, consumption policy, innovation-driven development, scientific and technological ...
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).
Development Research Center (DRC; Chinese: 国务院发展研究中心; pinyin: Guówùyuàn Fāzhǎn Yánjiū Zhōngxīn) of the State Council of China is a public institution responsible for policy research, strategic review and consulting of issues related to the economic and social development on mainland China. [1]
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).
The socialist market economy (SME) is the economic system and model of economic development employed in the People's Republic of China. The system is a market economy with the predominance of public ownership and state-owned enterprises . [ 1 ]