13th Five-Year Plan: What to Expect from China
The 13th Five-Year Plan (FYP) - a blueprint for China’s economic and social development from 2016 to 2020 was approved by the 12th National People Congress (NPC) on March 16, 2016 [i]. With overarching principles of innovation, coordination, green development, opening up and sharing, which represent the theory of development of state leadership of China and firstly announced in the 18th National Congress of the Communist Party of China (CPC), the plan strives to build a “moderately well-off society”, by sustaining economic growth with equal emphasis on environment protection, as well as promoting inclusive development (see Table 1 for major targets).
With the wide range of objectives the plan intends to achieve, what will be different versus the past? What are the implications for other countries? The issue brief purports to answer these questions.
[i] 13th Five-Year Plan. http://www.gov.cn/xinwen/2016-03/17/content_5054992.htm