14th Five-Year Plan | |||||||
---|---|---|---|---|---|---|---|
Simplified Chinese | 十四五规划 | ||||||
Traditional Chinese | 十四五規劃 | ||||||
| |||||||
14th Five-Year Plan for Economic and Social Development and Long-range Objectives Through the Year 2035 of the People's Republic of China | |||||||
Simplified Chinese | 中华人民共和国国民经济和社会发展第十四个五年规划和2035年远景目标纲要 | ||||||
Traditional Chinese | 中華人民共和國國民經濟社會發展第十四個五年計畫和2035年遠景目標綱要 | ||||||
|
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. [1] 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, [2] : 197 and also emphasizes high-tech innovation and hard science researches. [3] : 135 To address the issue of an aging population,the 14th Five-Year Plan seeks to expand healthcare and retirement system initiatives. [2] : 201
On 25 November 2019,Premier Li Keqiang chaired a special meeting on the preparation of the 14th Five-Year plan. [4] 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. [5]
The plan was drafted during the fifth plenum of the 19th Central Committee of the CCP held from 26 to 29 October 2020. [6] 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. [7]
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,considered "a rebel province and part of Chinese territory." [8] The Chinese Government also wishes to continue opening up the economy,furthering the implementation of the Belt and Road Initiative. [9]
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. [10] The strategy is designed to keep China open to the world economy while increasing its self-reliance. [11] : 250
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. [12] [13]
Recommendations regarding the development of up to 60 gigawatts hydropower capacity on the Yarlung Tsangbo. [17]
The plan aims to increase China's scientific and technical capabilities. [19] China aims to make "major breakthroughs in core technologies" [15] and to prioritize technological self-sufficiency. [11] : 218
The plan aims to increase R&D spending every year by 7%, [15] [19] with the proportion of that going to basic research increasing from 6% to more than 8%. [19] and aid the development of real-world applications by fostering closer links between business, industry, and academia – historically such links have been weak. [19] Businesses will be encouraged to invest in R&D through tax incentives. [15] [19]
The plan aims to boost quantum information and computing, [20] : 95 brain science, semiconductors, seed industry, genetic research, regenerative medicine, biotechnology, clinical medicine and health, and deep space, deep sea and polar exploration. The plan prioritizes development towards an integrated communications system, including earth observation and navigation satellites. [21] : 81
The plan set the goal of building four comprehensive national science centers, to be located in Huairou, Zhangjiang, the Greater Bay Area, and Hefei. [22] : 123
China still is unable to independently develop advanced semiconductors that match the performance of those made in Taiwan or South Korea. [23] Acknowledging the challenges that lay ahead, influential officials, entrepreneurs, and academics have evoked the "patriotic spirit of scientists" and called on Chinese students and entrepreneurs to "gnaw on the hard bones" to help China build an independent, controllable semiconductor supply chain.
China has more than 7,200 licensed seed companies but few have the capability for innovation. Tang Renjian, Minister of Agriculture and Rural Affairs, said the ministry is studying a plan to help its animal and plant breeding sector close the gap with foreign countries. [24]
About a trillion dollars of government funding have been set aside under the technology initiative, part of which will be used by central and local governments to jointly invest in a series of third-generation chip projects, according to people with knowledge of the matter. [25]
“For our country, technology and innovation is not just a matter of growth," Liu He told a three-story auditorium packed with China's top scientists in a separate meeting in May 2021. "It's also a matter of survival." [26]
The Fourteenth Five-Year Plan sets a target urbanization rate of 65%, as measured by permanent population living in cities (i.e., as opposed to hukou status). [22] : 206
The plan directs the development of more centralized cities and avoiding urban sprawl. [21] : 114–115 The plan calls for acceleration of urban renewal to develop "human-centric cities." [21] : 115 The plan's related Climate Change Special Plan emphasizes ecologically oriented urban planning, including through means like urban green rings, public transportation, and bicycle lanes and walking paths. [21] : 114
Li Keqiang was a Chinese economist and politician who served as the 7th premier of China from 2013 to 2023. He was also the second-ranked member of the Politburo Standing Committee of the Chinese Communist Party (CCP) from 2012 to 2022. Li was a major part of the "fifth generation of Chinese leadership" along with Xi Jinping, the CCP general secretary.
Xi Jinping is a Chinese politician who has been the general secretary of the Chinese Communist Party (CCP) and chairman of the Central Military Commission (CMC), and thus the paramount leader of China, since 2012. Xi has been serving as the seventh president of China since 2013. As a member of the fifth generation of Chinese leadership, Xi is the first CCP general secretary born after the establishment of the People's Republic of China (PRC).
The 17th National Congress of the Chinese Communist Party was held in Beijing, China, at the Great Hall of the People from 15 to 21 October 2007. Congress marked a significant shift in the political direction of the country as CCP General Secretary Hu Jintao solidified his position of leadership. Hu's signature policy doctrine, the Scientific Development Concept, which aimed to create a "Socialist Harmonious Society" through egalitarian wealth distribution and concern for the country's less well-off, was enshrined into the Party Constitution. It was succeeded by the 18th National Congress of the Chinese Communist Party.
The 1st Session of the 11th National People's Congress held its annual meeting from March 5 to March 18, 2008 in the Great Hall of the People in Beijing, China, in conjunction with the 2008 CPPCC.
Wang Huning is a Chinese political theorist and one of the top leaders of the Chinese Communist Party (CCP). He is currently the chairman of the Chinese People's Political Consultative Conference (CPPCC). He has been a leading ideologist in the country since the 1980s. He has been a member of the CCP's Politburo Standing Committee, China's top decision-making body since 2017, and has been its fourth-ranking member since 2022.
The Five-Year Plans are a series of social and economic development initiatives issued by the Chinese Communist Party (CCP) since 1953 in the People's Republic of China. Since 1949, the CCP has shaped the Chinese economy through the plenums of its Central Committee and national party congresses. 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.
The Central Financial and Economic Affairs Commission is a commission of the Central Committee of the Chinese Communist Party in charge of leading and supervising economic work of both the CCP Central Committee and the State Council. The Commission is generally headed by CCP General Secretary or Premier of the State Council.
The Central Economic Work Conference is an annual meeting held in China which sets the national agenda for the economy of China and its financial and banking sectors. It is convened jointly by the Central Committee of the Chinese Communist Party and the State Council of the People's Republic of China, following themes and keywords set by the CCP Politburo Standing Committee. As of 2012, the meetings, which are closed, were being held for 2 or 3 days during the 2nd or 3rd week of December.
Li Qiang is a Chinese politician who has been the 8th and current premier of China since March 2023. He has been elevated to the second-ranking member on the Politburo Standing Committee of the Chinese Communist Party in October 2022. From 2017 to 2022, Li was the party secretary for Shanghai, where he pursued pro-business policies and handled the response to the COVID-19 pandemic.
A state-owned enterpriseof China is a legal entity that undertakes commercial activities on behalf of an owner government.
Liu He (simplified Chinese: 刘鹤; traditional Chinese: 劉鶴; pinyin: Liú Hè; Wade–Giles: Liu2 Ho4; born 25 January 1952) is a Chinese economist and retired politician who served as a vice premier of China from 2018 to 2023. Additionally, he served as the director of the Office serving the Central Financial and Economic Affairs Commission of the Chinese Communist Party (CCP) from 2013 to 2023, the director of the Financial Stability and Development Committee from 2017 to 2023, as well as a member of the Politburo of the Chinese Communist Party from 2017 to 2022.
Made in China 2025 is a national strategic plan and industrial policy of the Chinese Communist Party (CCP) to further develop the manufacturing sector of China, issued by CCP general secretary Xi Jinping and Chinese Premier Li Keqiang's cabinet in May 2015. As part of the thirteenth and fourteenth five-year plans, China aims to move away from being the "world's factory"—a producer of cheap low-tech goods facilitated by lower labour costs and supply chain advantages. The industrial policy aims to upgrade the manufacturing capabilities of Chinese industries, growing from labor-intensive workshops into a more technology-intensive powerhouse with more value added.
Xiong'an New Area is a state-level new area in the Baoding area of Hebei, China. Established in April 2017, the area is located about 100 kilometres (62 mi) south of Beijing and 50 kilometres (31 mi) east of downtown Baoding. Its main function is to serve as a development hub for the Beijing-Tianjin-Hebei (Jing-Jin-Ji) economic triangle. Additionally, "non-core" functions of the Chinese capital are expected to migrate here, including offices of some state-owned enterprises, government agencies, and research and development facilities. The city is planned to be erected by 2035, and to be completed by the middle of the 21st century.
Xi Jinping succeeded Hu Jintao as General Secretary of the Chinese Communist Party in 2012, and later in 2016 was proclaimed the CCP's 4th leadership core, following Mao Zedong, Deng Xiaoping, and Jiang Zemin.
Domestic-international dual circulation is a Chinese government strategy to reorient the country's economy by prioritizing domestic consumption, making the economy more self-reliant in key sectors, reducing dependence on foreign markets, while also remaining open to international trade and investment.
In 2020, the Chinese Communist Party (CCP) and various Chinese regulatory bodies, under CCP General Secretary Xi Jinping, began a regulatory spree, strengthening regulations, issuing fines, and introducing or modifying laws. Though mostly targeted at disrupting the growth of "monopolistic" technology companies, the government also introduced other reforms with implications for large swathes of the economy and life in China. Actions taken included the implementation of restrictions on for-profit tutoring and education companies, the refinement of existing rules for limits on minors playing online video games, and the introduction of new antitrust rules.
The 20th National Congress of the Chinese Communist Party (CCP), commonly referred to as Èrshí Dà, was held in the Great Hall of the People, Beijing from 16 to 22 October 2022. The National Congress is the highest organ of the party, and is stipulated to be held every five years. The conference had 2,296 delegates and 83 specially invited delegates.
Common prosperity is a Chinese Communist Party (CCP) political slogan and stated goal to bolster social equality and economic equity. Under the leadership of CCP chairman Mao Zedong, common prosperity meant collective ownership. Paramount leader Deng Xiaoping redefined the way to achieve common prosperity by saying that some could get rich before others. Under the leadership of CCP general secretary Xi Jinping, the term gained large-scale prominence, with Xi defining common prosperity as more equal distribution of income, but also saying that it is not uniform egalitarianism.
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.
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. It will be informed by the results of the fifth economic census. It may aim to meet President Xi Jinping's goal of doubling the size of the economy between 2020 and 2035. The fifth plenum in 2025 will likely focus on assessing the previous 14th five-year plan and will consider the proposed 15th five-year plan.