13th five-year plan to focus on reform
Print Edition
CHINA’S Communist Party leaders will gather in Beijing later this month to set the world’s second-largest economy’s course over the next five years.
The Party meeting, known as the Fifth Plenum of the 18th CPC Central Committee, is expected to focus on structural reform, with an emphasis on easing state control.
According to a meeting of the Party’s Political Bureau, presided over by General Secretary Xi Jinping yesterday, selected Party members and departments have made good suggestions for a draft of the 13th Five-Year Plan (2016-2020) for economic and social development.
Their views will be incorporated into a final draft to be deliberated at the plenary session, the meeting said.
The Party issues regular economic guidance, including Five-Year Plans and annual targets for the country’s growth.
The Fifth Plenum will be held from October 26 to 29.
It will finalize the 13th Five-Year Plan, which will start next year.
The world’s most-populous country has enjoyed a decades-long boom since China embraced market economy and opened up to the rest of the world from the late 1970s.
The process has transformed the livelihoods of hundreds of millions of people and propelled the country to global prominence.
The Party has pledged to give markets a decisive role in the economy.
It has committed to making China a “moderately prosperous society” by 2020, when the plan will complete, a goal that includes doubling per capita income for urban and rural residents from 2010 levels.
Leaders have regularly promised a “new normal” of slower but more sustainable growth, led by domestic consumer demand.
During the 12th Five-Year Plan period (2011-2015), China faced a complicated international environment and a challenging need for reform to shore up its development and stability.
Under the Party’s leadership, the Chinese people achieved major progress while the national power had been improved remarkably, according to a statement released after yesterday’s meeting.
While economic development will be the central task, a people-centered approach will be employed in the 2016-2020 plan, with the development of people’s democracy, guarantees of social equity and justice through the rule of law and encouragement for innovation, the statement said.
Those attending yesterday’s meeting stressed that in order to realize the Party’s mission, it must be strictly governed.
Tightening discipline is the key to good governance, they agreed.
At the meeting in Beijing later this month, China’s leaders are expected to discuss reform of state-owned enterprises that continue to drag on expansion, and their conclusions will be formally approved by the National People’s Congress, the country’s top legislature, next year.
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